Resorts World to open casino in Newburgh Mall in early 2022
construction for the World of seaside resorts video lottery casino planned for Newburgh Mall could begin this summer in Orange County, New York. It might take 6 to 12 months, depending on whether the pandemic-related building material shortages caused delays. The operator on Friday announced plans to open the casino in the first three months of 2022.
Of the society plans to build a casino inside Newburgh Mall have been approved, paving the way for a renovation of almost a quarter of the shopping center which could be completed by the beginning of next year.
World of seaside resorts, which also operates the $ 1 billion casino complex which opened near Monticello in 2018, said the Newburgh casino will employ up to 225 people and will be open 20 hours a day.
The Town of Newburgh Planning Council has approved plans for the game room with 1,300 electronics games on Thursday evening. City Council had adopted a zoning change for the project a week earlier, granting the only other local license that the casino operator required, according to Times Herald-Record.
The company has agreed to pay the City of Newburgh $ 3 million per year in hospitality benefits, in large part to offset additional policy costs or other expenses caused by the casino.
Meghan Taylor, Vice President of Government Affairs and Public Relations for Resorts World, thanked the city council and the local community for supporting the project in a statement Friday.
“We look forward to getting started soon and keeping our commitment to create well-paying union jobs for local residents, help revitalize the Newburgh Mall, serve as an economic engine in the Hudson Valley and get started. to generate revenue for New York State public schools. “Taylor said.
Resorts World planned the slot machines at its Newburgh casino to generate $ 160 million in gross gaming revenue, part of which goes to the state to finance education.
The Newburgh project stems from a deal added to the 2019 state budget that enabled Resorts World to move to Orange County tVideo lottery terminals previously operated at Monticello Raceway.
Under the deal, Newburgh is also expected to collect around $ 780,000 one year of state aid as a video lottery terminal host, in addition to the payments he will receive from Resorts World. Orange County will receive approximately $ 450,000 per year.
In addition, the agreement required New York to continue paying approximately $ 1.2 million per year in aid of city of Thompson, the village of Monticello and the county of Sullivan for the terminals previously housed on the circuit.