Genting’s Disclosure Gaps Cloud New York Casino License Bid
Posted on: December 4, 2025, 02:17h.
Last updated on: December 4, 2025, 02:23h.
- Regulators say Genting omitted fines at three New York properties
- Selection board calls company’s lack of transparency “concerning” for licensing
- Resorts World plans massive Queens resort if license is ultimately approved
As New York considers awarding its first downstate casino licenses, regulators have flagged a potential stumbling block for one of the contenders.
Resorts World New York City (RWNYC), part of the multinational Genting Group, was one of three operators to receive a recommendation for licensing Monday from the New York State Gaming Facility Location Board – along with Bally’s Bronx and Hard Rock Metropolitan Park.
But buried in the long-awaited selection report is a rebuke of Genting’s transparency, which may come back to bite the Malaysian casino giant.
As part of the formal bidding process, all casino applicants were required to list any disciplinary actions within the past five years involving the applicant or related entities.
According to the report, Genting omitted “violations resulting in fines at Resorts World Catskills, Resorts World Hudson Valley, and its current video lottery gaming facility at Aqueduct (in Queens).”
In other words, the operator failed to report to New York regulators disciplinary action already on file with the same regulators.
$10.5 Million Fine
The board also noted that Genting did declare one regulatory issue involving Resorts World Las Vegas, but even that was incomplete.
The operator “disclosed a settled disciplinary action involving Genting Berhad – RW Las Vegas LLC without providing details,” per the report.
This almost certainly refers to the $10.5 million fine imposed on Resorts World Las Vegas by Nevada regulators in March 2025 for multiple violations involving illegal gambling and alleged failure to uphold anti-money laundering (AML) controls.
Resorts World Las Vegas management allegedly allowed illegal bookie Mathew Bowyer to gamble millions at the casino, while repeatedly failing to verify his source of funding.
The report didn’t provide details of the violations at the operators’ New York properties, such as the dates, amounts of the fines, or the regulatory findings behind them. No publicly available regulatory filings appear to explain the nature of those fines either.
Ominously for Genting, the board said it viewed “this lack of transparency as concerning” and recommended that the commission “weigh this in its licensing evaluation.”
Multibillion-Dollar Decision
If licensed, Genting has pledged to convert the existing Aqueduct video-lottery facility into a 5.6-million-square-foot integrated resort with up to 800 gaming tables, thousands of slot machines, a 7,000-seat entertainment arena, and 2,000 hotel rooms.
The group is prepared to pay a $600 million license fee, according to its application, and potentially billions in state tax revenue within a few years.
The New York State Gaming Commission is expected to reach a decision by the end of 2025, according to its published timeline.
No comments yet