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Two NYC-Area casinos rank among America’s top earners

Two casinos in the New York City area have been recognized as some of America’s most successful, showcasing the region’s growing prominence in the gambling industry. Resorts World New York City and Empire City Casino in Yonkers are leading the way, with the former being the largest-earning commercial gaming property outside Nevada in 2023 and the latter ranking sixth.

The result proves their effective strategy in attracting and retaining clients, although controversy has surrounded the act of online casino gambling in the state. While online sports betting is thriving, New York has yet to legalize online casino games, pushing many residents to seek alternatives from the best online casino USA options available on offshore sites.

According to the experiences of Resorts World New York City and Empire City Casino, both have brought immense revenue into the local economy and have offered employment to many people. These two casinos only in the previous year yielded over $1.5 billion of annual income, which underlines their importance in gambling.

The officials of New York state for the gaming industry expected to issue three new casino licenses in the downstate area, which includes New York City, Long Island, and the adjacent counties. Among a variety of potential contenders, 11 participants were interested in obtaining such licenses. Resorts World and Empire City are the top choices because of their well-developed facilities and successful accomplishments in the sphere.

The acquisition of these licenses would not only enhance their operations but also create possibilities for future online casino services if iGaming is legalized in the state. Even though both Resorts World and Empire City are performing well at the moment, each casino is under scrutiny because Genting Group and MGM Resorts International are both under investigation by regulatory authorities in Nevada. Allegations of affiliations with unlawful sports betting businesses may negatively impact their licensing approvals in New York since regulatory purity is a top issue.

Nevertheless, prospects for developing the gambling sector in New York seem rather promising. There is no doubt that if the government permitted virtual casinos, then the situation would be even more favorable and liberal, as in other states that have legalized online betting. This alone is a strong incentive for the state to continue promoting detailed regulations concerning gambling activity in the country, as the benefits include the provision of job opportunities and higher tax yield.

The continuous success of the current casinos within the NYC vicinity, like the Resorts World New York City and Empire City Casino, shows the promising potential of this area to become a formidable force in the nationwide gambling industry. Since online casinos are anticipated to continue growing and perhaps become legal someday, there are great opportunities for New York’s gambling industry. This could potentially lead to significant levels of economic growth and advancement in customer experiences. The decisions of state regulators, which will be made during the next several months, will contribute significantly to the further development of this industry in New York.

Edna Boykin

Edna Boykin started her career as a financial news writer. And, she was withal active in stock trading. From the commencement of her vocation, she is passionate about online poker games. As she likes to play poker and roulette, she knows the casino industry exhaustively. She recently joined Times of Casino as a news writer. She regularly contributes in-depth breaking stories and news updates of the casino industry.

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