Gambling Establishments in New York Experience a 2.2% Year-Over-Year Decline in June Following a Record-setting May
In the bustling city of New York, the gambling industry is gearing up for a significant change as three new casino operators are set to be licensed by the end of the year. This development, according to industry news expert Grant Mitchell, could potentially generate annual revenues ranging from $1.39 billion to $4.2 billion.
Grant Mitchell, a veteran of the gambling industry with a background in casinos, sports betting, and iGaming, has been closely following the progress of these new operators. His recent reports, synthesized from multiple sources, predict the following annual revenues for each operator:
- MGM Resorts projects casino revenue of up to $1.39 billion annually.
- Resorts World expects casino revenue to grow to around $2.2 billion per year by 2027.
- The Freedom Plaza project in Manhattan is projected to generate $2.2 billion in its first year, rising to $4.2 billion annually by year 10.
- Billionaire Steve Cohen’s casino project near Citi Field in Queens forecasts revenue of approximately $3.9 billion annually by its third year.
These projections, if realised, would position these new NYC casino operators among the most lucrative casino resorts globally. However, Grant Mitchell's reports also indicate a note of caution. Past cases like Bally’s temporary Chicago casino and existing upstate New York casinos have missed revenue targets, signaling possible risks.
Grant Mitchell's experiences as a former long-distance runner may influence his approach to his work in the gambling industry. His knowledge of persistence and commitment, honed from his running days, could be reflected in his dedication to delivering accurate and insightful industry news.
With his extensive experience and expertise, Grant Mitchell has become a valuable source for industry news. His coverage extends beyond casinos, encompassing legislative news, financial updates, and general industry trends.
As the countdown to the licensing of these new casino operators begins, the eyes of the gambling industry are on New York. The potential revenues at stake are significant, and the stakes are high. Grant Mitchell's reports will undoubtedly continue to provide valuable insights as the story unfolds.
[1] Grant Mitchell's Industry News Report [2] Grant Mitchell's Cautionary Report on New York Casino Revenues
- In light of his extensive background in sports betting, online casino, and Las Vegas casino-and-gambling, Grant Mitchell's Industry News Report could provide valuable insights into the potential revenues for the new casino operators in New York.
- The Cautionary Report on New York Casino Revenues by Grant Mitchell highlights the risks associated with past cases like Bally’s temporary Chicago casino and existing upstate New York casinos that missed revenue targets.
- No matter how lucrative the projected revenues for the new NYC casino operators might be, slot machines in an online casino like roulette will still be competitive attractions for gamblers, given their widespread popularity in the gambling industry.
