Bidders for three New York City-area casino licenses are projecting revenue that would place them among the most lucrative resorts in the world, according to an analysis of their proposals.
In Manhattan, the Freedom Plaza project is expected to generate US$2.2 billion in annual revenue in its first year of operation, rising to US$4.2 billion by year 10, while billionaire Steve Cohen’s project near Citi Field in Queens is forecast to produce US$3.9 billion annually by year three, according to executive summaries the bidders filed with the New York State Gaming Facility Location Board.
Those sums rival some of the world’s top casino performers. Las Vegas Sands’ Marina Bay Sands resort in Singapore generated US$4.2 billion in total revenue last year.