A corporation created by Sullivan County wants to purchase the physical assets of the Resorts World Casino in the Catskills.
The deal comes amid the pending expansion of full casino gaming in and near New York City.
A corporation created by the county’s Industrial Development Authority hopes to issue $561 million in bonds to buy the entire Resorts World Catskills property, except for the casino itself. That includes an 18-story hotel, a smaller neighboring hotel, restaurants, an event center and golf course.
The sale would allow the struggling gaming company to pay off all its debt, stabilize its finances and make the Catskills property more competitive.
