Las Vegas-based Wynn is also rumored to be interested in the third New York license. The same goes for Las Vegas Sands (NYSE:LVS).<\/p>\n
While it remains unclear how New York\u2019s $500 million minimum upfront license fee will affect operators\u2019 liquidity and to what company the third license will be awarded, consensus is building that MGM is a clear winner in the city.<\/p>\n
As we look across the company, we see several attractive growth areas, including BetMGM, NY tables\/expansion, Japan, the new rewards program, and repositioning on the Strip,\u201d <\/strong>said Macquarie analyst Chad Beynon in a recent note.<\/p><\/blockquote>\nCBRE analyst John DeCree highlights the area\u2019s obvious though compelling demographic benefits.<\/p>\n
\u201cThe NYC metro area is home to over 19mm residents, with an average income per capita of nearly $80,000, making it one of the largest and most lucrative markets in the world,\u201d he said in a report out Monday.<\/p>\n","protected":false},"excerpt":{"rendered":"
New York\u2019s 2023 budget features a process to award three downstate casino licenses. The potential for added competition from the largest US city is expected to have a mixed impact on the credit profiles of established operators in the Northeast, according to Fitch Ratings. Currently, the two New York City-area casinos — Resorts World New […]<\/p>\n","protected":false},"author":46,"featured_media":209172,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[81885,62],"tags":[],"acf":[],"yoast_head":"\n
New York Casinos Could Affect Atlantic City Operators, Says Fitch<\/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