Aqueduct Revenues Outpace Nation’s Other Casinos

Aqueduct Revenues Outpace Nation’s Other Casinos

Resorts World Casino at Aqueduct outpaced the rest of the nation in terms of slot machine revenue this month. File photo.

Aqueduct racino is leading the pack as far as slot machine revenue is concerned.

The Resorts World Casino in South Ozone Park has outpaced every other casino in the nation in slot machine earning, according to state gaming figures.

On Monday, the company announced the casino generated $57.5 million of revenue in May, outpacing Connecticut’s second place Mohegan Sun at $55.4 million.

They trumpeted their contribution to the state, paying about $40 million of May’s revenues as taxes.

$25 million of that was earmarked for the state education fund.

Since it opened in October, the casino has sent more than $252 million in taxes to the state with $162 million headed to education.

“Resorts World’s model has maximized gaming revenue for New York State in a manner that has not been replicated by any other facility
in the nation,” said Michael Speller, the casino’s president. “We are proud of the incredible revenue Resorts World has generated to support
the education of New York’s students and the more than 3,000 jobs we have created for hardworking New Yorkers.”

Resorts World’s parent company, Genting, has been lobbying the state legislature and Gov. Andrew Cuomo to legalize full Las Vegas style gaming—despite beating out each Vegas casino in the revenue they brought in.

And on Monday, Resorts World continued that push.

“As New York State proceeds down the path of full legalized gaming, it is crucial that taxpayers and students not get shortchanged in the
process,” Assemblyman J. Gary Pretlow, Chair of the Assembly Racing and Wagering Committee said in a release from Resorts World. “As
evidenced by Resorts World’s May figures, the state’s education system greatly benefits from our current gaming structure. Any changes
to that structure must ensure that students get more, not less, of the revenue that gaming brings to the state.”

To date, in just eight months of operation, Resorts World Casino New York City has sent more than $252 million in taxes to the state,
with more than $162 million earmarked for education.

“This is a partnership that works, and as the State considers a referendum to permit table games, it should ensure that the current high
tax base is not eroded,” Speller added. “Resorts World looks forward to pursuing additional opportunities in the future to generate even
more revenue and create thousands more jobs for New York.”

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