Resorts World Catskills told media Wednesday, January 17, 2018, they would open their facility three weeks before their original date. The facility will be available February 8, 2018, for gaming and hotel, stays. The casino is considered the largest in upstate New York. According to information, the resort took $1 billion to build.
The resort-casino is located in Thompson, New York, and known as the center of the Catskills. The county officials stated they are looking forward to the revenue the casino resort will generate. The area has suffered from low tourism, and the officials hope the casino will boost it again, particularly, with visitors from New York City looking to get away for the weekend.
Resorts World Catskills VP told media they are looking forward to stimulating tourism and the economy for the area, and hope to put the Catskills back in everyone’s minds. Statistics show Jewish tourism has risen in the last few decades, earning the area the Borscht Belt nickname; however, the casino hopes to gain more diversity in tourism with their hotel.
Catskills Becoming the New Vegas
In 2013, four casino projects were approved to open in upstate New York. These casinos will are all in the Catskills region, with Resorts World Catskills being the last to welcome tourism. The hotel and casino are the most ambitious, as well as the one that gained the best location regarding revenue.
The casino has 2,150 slot machines, 150 tables, clubs, and restaurants. There is also an 18-hole golf course along with an 18-story hotel. In 2019, work on the two-acre water park will be complete. The water park will be indoors.
Information tells players that the casino is owned by a Malaysian conglomerate Genting, with a few local investors sharing in the stock.
Rivers Casino located in Schenectady was the first to open, with Tioga Downs opening second, and Del Lago opening third. Lawmakers and officials are a little upset regarding the projections for the three casinos.
In fact, Schenectady is showing a deficit due to lower revenues from Rivers Casino. The budget was for $2.75 million to be made, but the casino only brought in $2.1 million. There is worry that the market is saturated with four total casino projects, plus tribal casinos that already existed. The smaller tribal casinos add more competition to various gambling establishments of New York, which ensures the market share for all upstate New York casinos is smaller.