$1.2 Billion Project Will Create Over 1,500 Jobs in New York's Catskills Region
Casino & Resort Will Attract 4 Million Visitors Per Year
Fourth Commercial Casino to Open Since Voters Approved New York Casino Gambling Amendment in 2013
February 8, 2018 - Governor Andrew M. Cuomo today announced the grand opening of the Resorts World Casino in Thompson, New York. The $1.2 billion private investment resort features a 100,000 square-foot gaming floor, a luxury hotel, and multiple dining, retail and entertainment options as part of a larger development project on the site. Resorts World has created 1,500 permanent jobs at the resort, with another 600 expected once the entertainment village, water park and golf course open. Resorts World projects the resort and casino to bring in four million visitors per year. Resorts World Casino is the fourth commercial casino to open in New York since voters approved the New York Casino Gambling Amendment in 2013. As of December 2017, the total gaming tax paid to the state was over $106 million, and over 4,800 permanent jobs have been created.
"For generations, the Catskills have served as a recreational and entertainment destination for people across the country," said Governor Cuomo. "This new resort truly heralds the rebirth of the Catskills, and will serve as an economic driver, generating thousands of jobs and opportunities for people in the region."
Governor Cuomo's Upstate New York Gaming and Economic Development Act of 2013 mandated that all state revenue from Resorts World and the other commercial facilities be returned to localities. Ten percent of the state's tax revenue from the casino will be split between the town of Thompson and Sullivan County for hosting the facility. Columbia, Delaware, Greene, Orange and Ulster counties will share 10 percent, and the remaining 80 percent of revenue will be distributed statewide to support public education and provide tax relief to New Yorkers.
"The $1.2 billion casino project will bring 4 million visitors to the Catskills each year, creating thousands of new jobs and providing millions in revenue to the area," said Lieutenant Governor Kathy Hochul, who attended the grand opening. "Resorts World Casino will be a destination with a variety of gaming, entertainment, and dining options for tourists near and far that will boost the region and the entire State."
Resorts World Expected Economic Impact
By March, Resorts World will have created and filled 1,500 permanent jobs with the casino opening. Another 600 positions will be created when the 324-room Kartrite Hotel, Indoor Waterpark and spa opens in 2019. In addition, local governments — the Town of Thompson, Sullivan County and local school districts and neighboring counties in the gaming region established by the state — will see a significant, positive, direct impact from Resorts World Casino through their share of the casino's gaming tax payments to the state.
The casino's gaming floor features 2,151 slot machines, 150 table games and a poker room. In addition, Resorts World Casino guests will also enjoy:
- 27,000 square-feet of multi-purpose meeting and entertainment space;
- Cellaio, an Italian restaurant, helmed by celebrity chef Scott Conant;
- The Doubletop Bar and Grill, Empire Lounge, and Bar 360, each a different experience for patrons;
- Asian fine dining at Lotus and casual Asian grab and go at Good Friends Market; and
- The Kartrite Hotel and Indoor Waterpark, to open in early 2019, featuring an entertainment village with retail, restaurants and the renovated Monster golf course.
Over 3,000 union workers have been employed during the construction phase of the project, working approximately 1.8 million hours with a total construction cost of over $520 million. In 2017, Resorts World spent nearly $1 million per day on construction activity. At Resorts World, approximately 75 percent of the 1,300 permanent employees hired to date are women or minorities.
Ryan Eller, President and Chief Executive Officer of Empire Resorts, said, "Today marks an exciting new era for us. I'm incredibly proud of all of the hard work and dedication from our staff, local officials and the community that went into making this day possible. We're committed to having a positive impact on the region and we're looking forward to continuing to collaborate with the local community to ensure this happens. We are open for business and are ready to offer our guests unparalleled gaming, world-class amenities, and thrilling experiences like no other in the region."
Senator John Bonacic said, "As we celebrate today's opening of the fourth casino in upstate New York, we also mark an exciting new chapter for growth and prosperity in the region. Resorts World Catskills' casino resort campus is a true destination that will deliver untold opportunities for the Catskills and we're incredibly optimistic for its future."
Assemblywoman Aileen Gunther said, "After years of collaboration amongst so many stakeholders, it is incredibly exciting to see our long-held vision to build a casino in Sullivan County come to fruition," said Aileen Gunther, New York State Assemblywoman. "In addition to creating thousands of jobs in the region, we look forward to the positive economic impact the casino resort will generate as a key driver of tourism to our region."
Chairman of the Sullivan County Legislature Luis Alvarez said, "With many tourism and entertainment options for visitors around our entire region, today's opening serves as yet another exciting destination for local residents and tourists far and wide. We thank the Governor for all he did to bring thousands of new jobs and an economic boost to our region."
Resorts World Catskills was developed by Empire Resorts, a real estate development company that owns and manages several subsidiaries in the hospitality and gaming industries. The company owns Monticello Raceway through its subsidiary Monticello Raceway Management, Inc. Empire, through its subsidiary Montreign Operating Company, has entered into a license agreement to use the Resorts World brand for the casino. It is a publicly traded company whose stock trades on the NASDAQ Global Market. The company was awarded a gaming facility license to own and operate the casino in 2015.
About New York State
New York State features 11 beautiful vacation regions. New York’s attractions span from landmarks such as Niagara Falls to the wine trails of Hudson Valley and treasures like the Baseball Hall of Fame in Cooperstown. Whether it’s wide-ranging outdoor activities for the whole family like hiking, culinary wonders and farm-to-table fresh foods, snowmobiling, skiing and snowboarding, or the rich history and culture of one of the 13 original colonies, New York State offers diverse activities for all travelers. For more information, visit www.iloveny.com. Media can find press releases and more at http://www.iloveny.com/thebeat/.
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