Casino Plans Abound on the East Coast
Numerous states on the East Coast of the US are gearing up to offer a much wider range of gambling options, with New York and Florida on the brink of giving approval to the construction of several huge Las Vegas-style resorts.
Las Vegas and Atlantic City may have been the headline casino destinations in the US for decades but if some states on the East Coast have their way there may soon be some newer, fancier casinos in cities such as Miami and New York.
The state of New York is revisiting the idea of building casinos (the state currently only has horseracing in addition to a few smaller casinos on Indian land), with support growing for a large-scale plan to transform the Aqueduct racing facility into a multi-billion dollar casino and convention center
Genting Group (which is based in Malaysia and operates several huge casinos around the world) is in talks with New York Gov. Andrew Cuomo about a potential development of Aqueduct that would include nation’s largest convention center, 3,000 hotel rooms, and a major expansion of the racino that opened there last October.
One potential hitch in the deal is that Genting is rumored to be demanding that it get exclusive rights to operating casinos throughout the state in exchange for building the new facility expected to cost $2 billion-$3 billion, plus the New York legislature must approve new laws to allow for the construction of casinos in the state.
Genting also plays a major role in another state looking to expand its existing casinos, with Florida investigating the possibility of granting approval to Genting and other gambling companies to build huge resort-style casinos in the Miami area.
Genting's plan for a Miami resort includes building the world's largest casino as part of a $4 billion project that would include dozens of restaurants as well as a shopping mall.
Massachusetts has also voted to allow for three new casinos and a slots parlor to be built in the state, with Ohio set to open its first casinos later this year.