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Resorts World passes $4 billion mark in revenue for New York public schools

Aug. 10, 2023 By Bill Parry

Resorts World New York City in South Ozone Park, the state’s largest taxpayer, announced that it surpassed a major milestone. As of July 21, Resorts World passed the $4 billion mark in revenue generated for New York’s lottery education fund.

In just 12 years, Resorts World has generated enough revenue to pay the salaries of 45,000 public school teachers. The milestone comes as Hyatt Regency JFK Airport at Resorts World celebrates its second anniversary in Queens.

The Hyatt Regency at Resorts World New York City celebrates two years in South Ozone Park.Photo by Gabriele Holtermann

Resorts World New York City is one of five properties owned by Genting Americas East, which is set to reopen the Rees Jones-designed Monster golf club at Resorts World Catskills later this month while it’s Resorts World Hudson Valley is proving instrumental in the revitalization of Newburgh Mall and the surrounding community.

“This has been a summer to remember for all Resorts World properties in New York State, but I’m most proud of what we’ve been able to accomplish for New York’s public schools by supporting students and education with much-needed resources,” Genting Americas East President Robert DeSalvio said. “From Queens to the Catskills to the Hudson Valley, we are continuing to deliver on our commitment to communities, our commitment to our workforce, and our commitment to all of New York.”

Revenue will be increased exponentially if Resorts World NYC (RWNYC) is awarded one of the three full casino licenses slated for downstate New York. Currently, RWNYC offers visitors 8,500 slots and electronic table games but a full license would allow them to introduce live dealers at table games such as poker, blackjack and roulette on two levels of gaming space. It would also mean doubling its workforce in Southeast Queens, adding more than 1,000 union jobs.

“The best part is we’re just getting started and we can build on this significant momentum and elevate our contributions across the state,” DeSalvio said.

Genting Americas East president Robert DeSalvio welcomes the community to a Lunar New Year celebration at Resorts World in January.Photo by Paul Frangipane

Queens Chamber of Commerce president and CEO Tom Grech has been an ardent advocate for RWNYC due to its “proven track record” as a community partner who has stepped up during some of the city’s most challenging times, including the COVID-19 pandemic impacted communities across Southeast Queens as well as its response to Superstorm Sandy more than a decade ago.

“Thanks to the ongoing growth and success of Resorts World in Queens, students and educators across the borough, across the city, and across the state are greatly benefiting,” Grech said. “These numbers not only demonstrate the positive impact that Resorts World has had during its first dozen years but the potentially greater impact it can have in the next dozen.”

The addition of the $400 million Hyatt Regency at Resorts World two years ago created an additional 500 jobs in southeast Queens while bringing the total investment in RWNYC to $1.1 billion. Its close proximity to JFK has also proven beneficial for incoming and departing flight crews, who often need a safe and comfortable place to stay between flights, Count British Airways among the hotel’s satisfied customers.

“Our flight had returned back to JFK after a technical fault, and by the time we arrived at your hotel, all the crew were very stressed and tired,” said Eric Gee, Inflight Manager HCC, British Airways. “From the moment we arrived at the hotel in the early hours of the morning, to the time we departed later that day, your reception team really looked after us and that was very much appreciated.”

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