A $1 billion investment will help. Monticello is presently home to just 6,500 residents. Resorts World Catskills says it needs to fill over 2,000 employment positions to operate the 332-room hotel and spa, and 100,000 square foot casino.Revenue Projections
Resorts World Catskills underwent a name change last spring from the to its present name. The company said the name switch was to include the allure of the Catskills to the venue.
When it opens in March of 2018, Resorts World will be hoping to find a different fate compared with the three other commercial casinos in Upstate New York.
Tioga Downs in Nichols, Rivers Casino near Albany, and del Lago in the Finger Lakes are all predicted before they opened their doors.
That s leading to reduced gaming taxes for state coffers, but the New York Gaming Commission says it s far too early to judge financial results.
It is entirely premature to give credence to any analysis of how well the casinos are operating. In fact, the Gaming Facility Location Board asked specifically for estimated gaming projections for THIRD year of operation in its 2014 Request for Applications. Such an estimate is a better metric for analysis, as it assumed all four facilities would be fully constructed and operational, and have at least two years to establish themselves in the region and marketplace, the gaming agency said in a release.
In 2013, New York authorized the construction of four commercial casinos upstate to provide an economic boost to struggling regions. A total of 17 applicants bid for the four licenses.
Resorts Would is the costliest of the gaming resorts.
