Malaysia-based Genting Group landed a $755M loan from Wells Fargo to expand its 2.8M SF racino, the Resorts World New York City in Southeast Queens, PincusCo reported.
Genting aims to expand the site into a 5.6M SF, $7.5B complex, with plans to add full-casino slot machine operations and table games to its existing electronic table games. Plans include a 500K SF gaming floor, more than 30 restaurants, 10 acres of community green space, 2,000 hotel rooms and a 7,000-seat entertainment venue.
Genting paid off its $175M loan from Wells Fargo just over a year ago, in September 2024.
The gaming giant was one of three bidders that New York State awarded a license to in December.
