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Resorts World Casino New York City (RWNY), New York’s largest taxpayer, announced on December 1 that it has generated more than $3 billion for the New York Lottery’s education fund since opening in 2011.
“Since opening its doors nine years ago, Resorts World has fulfilled its commitment to be an economic driver, a good community partner, and, most important, a leader in generating significant and much-needed resources to New York’s public schools,” said Bob DeSalvio, President, Genting Americas East. “As New York now begins its recovery, we are proud to continue to provide critical support so that kids across the state have access to a higher-quality education, and we are ready to step up and elevate that support in both the short- and long-term for the state.”
Over the last nine years, RWNY generated enough revenue to fund any of the following:
12 million laptops for students (based on $250 cost)
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37,500 public school teacher salaries for a year (based on NY avg public school teacher salary of $80K)
Fully fund public education for 150,000 students for one school year (based on $20K avg cost per year in NY)
6,082,725 students with school lunch for an entire school year (based on $2.74 avg cost nationwide)
The New York Lottery continues to be North America’s largest and most profitable Lottery, contributing $3.38 billion in fiscal year 2019-2020 to help support education in the state, of which RWNY generated $348 million, a greater share than any of the other video gaming operators in NY. New York City received $1.5 billion from the overall fund in 2019-2020. The revenue is used to support education across more than 700 school districts in New York State, distributed via a statutory formula that provides larger shares of funding to lower-income school districts.
“I congratulate Resorts World Casino New York City on reaching $3 billion in revenue generated for New York’s education fund,” said Rep. Gregory W. Meeks (D-NY). “Since their opening, RWNY has always been a valued community partner, and I’m glad to see that its success is also an investment in our schools. There is no question that these funds will help prepare students for the future with the education and tools they’ll need to compete for the jobs of tomorrow.”
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State Senator Joseph P. Addabbo, Jr., the Chair of the Senate Committee on Racing, Gaming and Wagering, said, “Over the last nine years Resorts World NYC has proven to be a fantastic community partner for not only South Ozone Park, but for New York State, and this incredible milestone is proof of that. The $3 billion Resorts World NYC has generated for New York’s Lottery education fund has been used to improve the lives of countless students and teachers across the state. I am extremely proud to have Resorts World NYC in my district – and hometown – and I look forward to continuing to partner with them going forward.
“Resorts World has been a model community partner in numerous ways – always reaching out and working with the community in good times and bad. Whether that’s hosting job fairs, monthly meetings with the community, serving as an Early Voting site, or offering hundreds of well-paying jobs to the hard-working men and women of South Queens,” said New York State Assemblywoman Stacey Pheffer Amato. “The positive financial boost RWNY provides for our schools and students may be the most impactful. This partnership exemplifies the positive economic contributions the gaming industry has had on our state and should inspire us to take more action to create smart and responsible opportunities to embrace gaming in our state.”
Passing the $3 billion mark in revenue generated for the education fund comes just weeks after RWNY announced plans for a new hotel on property, the Hyatt Regency JFK at Resorts World New York, an eight-story, 400-room, four-star hotel, scheduled to open in Q1 2021. It will feature residential-inspired guestrooms and premium suites with state-of-the-art in-room technology. The hotel will also include new restaurants, an array of conference and meeting spaces, retail options, and additional gaming areas. RWNYC is the only casino in New York City, offering over 6,000 slots and electronic table games to millions of guests annually.
This $400 million development will bring the total investment of RWNY to over $1.1 billion since opening here, after Genting spent more than $700 million to enhance the existing Aqueduct grandstand to become a leading entertainment destination. The hotel addition is estimated to create more than 500 well-paying careers for New Yorkers and provide additional revenue for New York State’s Lottery Education Fund.
Last year, RWNY unveiled the “Good Neighbor Network,” a community partnership initiative designed to inspire, empower, and advocate for social and economic good in Queens and throughout New York State. The Network was borne out of a commitment by RWNY since opening in 2011 to partner with dozens of community organizations that address a broad range of issues including workforce development, arts and culture, and health and wellness. The Network will leverage Resorts World’s scale to assist groups by amplifying their work, helping them achieve fundraising goals, and connecting them with volunteers, supporters, and those in need of a good neighbor.
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RWNYC features three unique levels of gaming: Times Square Casino, Fifth Avenue Casino and Central Park Casino, along with several high-limit rooms for Platinum and Black Card members. Conveniently located minutes away from JFK Airport, the hotel will be easily accessible by the A train, Q37 bus, and LIRR to Jamaica Station with pick-up by a free casino shuttle.
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Genting Americas announced on Oct. 12 plans for a new hotel located at Resorts World Casino New York City (RWNYC). Hyatt Regency JFK at Resorts World New York, an eight-story, 400-room, four-star hotel, scheduled to open in Q1 2021, will feature residential-inspired guestrooms and premium suites with energizing design and insightful in-room technology. The hotel will also include new restaurants, state-of-the-art conference and meeting spaces, retail options, and additional gaming areas. RWNYC is the only casino in New York City, offering over 6,000 slots and electronic table games to millions of guests annually.
“Hyatt’s global brand recognition will give Resorts World an even greater opportunity to tap into the travel and tourism market worldwide and showcase our unparalleled hospitality, gaming, dining and entertainment offerings,” said Bob DeSalvio, President of Genting Americas East. “We are proud to work with such an iconic brand as we move NY Forward, and we are excited that guests will soon be able to enjoy an integrated casino resort experience right here in Queens.”
“We are pleased to collaborate with Genting on this exciting new property and deliver on the Hyatt Regency brand promise of making travel free from stress and filled with success,” said Pete Sears, Americas group president, Hyatt. “This new hotel will be a testament to Hyatt’s commitment to growing with intent in markets that matter most to our loyal members and global guests.”
RWNYC features three unique levels of gaming: Times Square Casino, Fifth Avenue Casino and Central Park Casino, along with several high-limit rooms for Platinum and Black Card members. Conveniently located minutes away from JFK Airport, the hotel will be easily accessible by the A train, Q37 bus, and LIRR to Jamaica Station with pick-up by a free casino shuttle.
The $400 million hotel and amenities investment has long been part of Genting’s vision of bringing an integrated resort, popular in global destinations such as Las Vegas and Singapore, to New York City. The integrated resort will seamlessly feature a variety of non-gaming amenities to complement the most innovative gaming products and entertainment offerings, allowing guests of all interests and budgets an experience that fits their personal tastes.
This development will bring the total investment of RWNYC to over $1.1 billion since opening in October 2011, after Genting spent more than $700 million to enhance the existing Aqueduct grandstand to become a leading entertainment destination. The hotel addition is estimated to create more than 500 good-paying careers for New Yorkers and provide additional revenue for New York State’s Lottery Education Fund. RWNYC has already generated nearly $3 billion for New York’s public schools.
“This hotel creates job opportunities for hundreds of the borough’s residents and is an important step in improving the gaming experience in Queens,” said NYS Senator Joseph P. Addabbo Jr., who also serves as Chair of the NYS Senate Racing, Gaming and Wagering Committee. “Resorts World Casino New York City is doing its part to show tourists there is more to New York City than just Manhattan. I look forward to more people exploring the borough I’ve called home my entire life.”
“The Resorts World hospitality partnership with Hyatt will offer visitors a top-flight hotel with world-class amenities right here in Queens,” said Acting Queens Borough President Sharon Lee. “In proximity to JFK, it will be a boon for both Queens and regional tourism, jobs and the economy.”
“The addition of a hotel at Resorts World Casino New York City completes a wonderful transformation in southeast Queens,” said Thomas Grech, Executive Director of the Queens Chamber of Commerce. “Resorts World Casino NYC are excellent partners and now a major presence in Queens County and beyond. The jobs, resulting economic development and contributions to the local economy have created opportunities much larger than ever envisioned. We are grateful for their continued support and partnership.”
“The Queens community will certainly benefit from the new Hyatt hotel at Resorts World NYC. This international brand will only add to the prestige of our premier gaming and entertainment center. Jobs will be created that afford new opportunities for a diverse and growing workforce,” said Seth Bornstein, Executive Director of the Queens EDC.
Congressman Gregory Meeks said, “Resorts World Casino New York City’s partnership with Hyatt is a welcome addition to the 5th District, further adding to the thriving economic development in southeast Queens. Hyatt’s hospitality will help service the substantial tourism that comes through JFK, which serves as not just a hub to New York City, but the world. I congratulate Resorts World New York and Hyatt and look forward to seeing the jobs created in the community as a result of this partnership.”
For more information, please visit www.rwnewyork.com or www.hyattregency.com.