Resorts World Catskills<\/a>. The nearly bankrupt $1.2 billion property was recently sold to Malaysian billionaire Lim Kok Thay’s Genting Berhad and his family trust.<\/p>\n<\/div>\nGenting was already a majority owner in Empire Resorts, the parent company to Resorts World Catskills. Lim taking full control is an effort to turn the resort profitable, something he believes can only be achieved by eliminating creditors and high interest.<\/p>\n
New Visitors<\/b><\/h2>\n
New York passed its sports betting regulations when it authorized the four upstate casinos in 2013. The laws would govern the gambling activity only if a change came to federal law, which occurred in May 2018 with the Supreme Court’s historic repeal of the Professional and Amateur Sports Protection Act of 1992 (PASPA).<\/p>\n
But unsuccessful legislative efforts to legalize mobile sports betting delayed land-based operations. The first legal brick-and-mortar sports bet was placed only in July 2019.<\/strong><\/p>\nThough mobile sports betting is accounting for the vast majority of handle in neighboring New Jersey, the upstate casinos nonetheless are excited to bring more foot traffic to their venues.<\/p>\n
The New York Legislature has adjourned for 2019. But when it reconvenes in January 2020, efforts to expand sports betting are expected to reignite. New York Sen. Joe Addabbo (D-Queens) said sports betting should be extended to the state’s eight racinos<\/a>, one of which is in his district \u2013 Resorts World New York City.<\/p>\n","protected":false},"excerpt":{"rendered":"The four New York casinos located upstate say the first week of the National Football League (NFL) season was a roaring success, as their sports betting lounges increased foot traffic. The NFL kicked off its 2019-20 season last week, and while the New York Giants and Jets both lost, the state’s casinos won. Sports betting, […]<\/p>\n","protected":false},"author":25,"featured_media":114663,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,1074],"tags":[],"acf":[],"yoast_head":"\n
Upstate New York Casinos Receive Assist From Sports Betting<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n