The three remaining bidders for a full commercial casino license in downstate New York are all “virtually assured” of a license each, with Genting Malaysia’s proposal to expand its existing Resorts World New York City (RWNYC) property the strongest of the three, according to Maybank Investment Bank.
In a Tuesday note, Maybank analyst Samuel Yin Shao Yang outlined his belief that not only is RWNYC virtually assured of receiving a license that will allow it to deploy gaming tables, but that bids linked to Hard Rock International and Bally’s Corp are also locked in.
However, as far as the state is concerned, the RWNYC proposal remains the most compelling – in part due to its rapid speed to market but also the fact that it has put forward the highest license fees and taxes.
