Casino Shatters All Records With More than $435 Million in Tax Revenues for 2012 Alone; $280 Million for State Education Fund
NEW YORK: Resorts World Casino New York City became the single largest slot revenue gaming property in the United States in 2012. Its contribution to the State has surpassed the casino taxes paid by casinos on the Las Vegas Strip, Atlantic City and Connecticut. In this first calendar year of operation, Resorts World Casino’s gross gaming revenues exceeded $638 million, including an astounding $435 million to the State, of which $280 million went directly to the State’s education coffers – smashing all previous state records.
The increased education funding is a testment to the foresight of the NYS Legislature; when authorizing VLTs at the State’s racetracks, it determined that education was the top priority and RWNY’s success directly benefits them. This revenue sharing model was recently cited as potentially the best in the United States.
“While we never doubted this would be a successful venture, we have far exceeded any and all expectations we had for 2012 and can’t wait to begin an even better 2013,” said Michael Speller, President of Resorts World Casino New York City. “It’s clear that New Yorkers and tourists alike are aware that there is a wonderful world-class casino experience right here in Queens – minutes not hours away.”
In the past twelve months, Resorts World Casino New York City has not only generated hundreds of millions in revenue for the State’s coffers, but has successfully created more than 3,000 jobs for hard-working New Yorkers, with the vast majority of those jobs going to local Queens residents. The casino has also donated more than 1% of its annual profits to dozens of local community organizatons in Queens and around New York City.
More than 10 million visitors have experienced Resorts World Casino’s gaming and entertainment offerings in 2012, taking advantage of the more than 5,000 slot and table games on both the Times Square Casino and Fifth Avenue Casino floors. In addition to the success of individual gaming and table games machines, guests have enjoyed unparalleled award-winning dining options at each of Resorts World Casino New York City’s 13 dining options, including RW Prime Steakhouse, Genting Palace, the Aqueduct Buffet, and Bar 360. With boxing, shows and other entertainment hosted every weekend, as well, the Queens Chamber of Commerce gave the facility its “Building of the Year” award.
Moving forward, Resorts World Casino is setting up a “Jamaica Station Lounge” where free shuttles will run every 10 minutes for customers from Long Island and Manhattan and will double its bus frequencies to all major populated areas for the convenience of our guests. This initiative will complement Resorts World’s new MTA connection to the “A” line which is expected to open in early 2013. The connector will provide guests covered access directly to the MTA Subway system.
“We are confident that as we continue enhancing our gaming and entertainment offerings for the next year, Queens and New York State will remain to be the big winners at Resorts World Casino,” Speller added.
Located at Aqueduct Raceway in Queens, adjacent to JFK International Airport, Resorts World Casino and is more easily accessible by public transportation than ever before. In addition to the Q37 bus stop on property and the A Train stop at the North Conduit subway station, Resorts World Casino offers a shuttle to and from the facility for guests arriving from Jamaica Station– ensuring that the casino is just minutes, not hours away.
More information on RWNY is available at www.rwnewyork.com.