Malaysian Billionaire Expands New York Casino Resort

Resorts World New York City will add a 400-room hotel tower to its site in Queens.

The project includes a 1,200-room hotel, a 7,000-seat arena, and a sports center named after Kenny 'The Jet' Smith.

Resorts World New York City started its expansion after getting a gaming license last December.

The first phase, with live table games and slot machines, was completed in April, making it the city's first full-fledged casino.

The resort paid $170 million in casino taxes in 12 weeks and added 1,400 slot machines, making it the largest casino in the U.S.

The executive chairman said they are moving towards creating a first-of-its-kind integrated resort in New York City.

Genting group chairman Lim Kok Thay attended the soft opening of a casino in Singapore in 2010.

The full expansion will create 10,000 jobs and add 2 million square feet of gaming, entertainment, and retail space.

The new resort is projected to generate $2.2 billion in annual revenue once completed.

Genting has been operating in Queens for 15 years, attracting 5 million visitors and employing 2,500 people.

The gaming empire was started by Lim's father, who built a mountaintop casino resort in Malaysia with no money or formal education.

Lim has expanded the group internationally and diversified into businesses like energy and biotechnology, with a net worth of $1.6 billion.

COPYRIGHT DISCLAIMERS

4English does not own the rights to this content. All rights belong to the owner. 4English only uses this content to help users learn English via the app's features. Contact to request the removal of your content: contact@4englishapp.com.

Praticar Escuta

Praticar Escuta