Hogan Lovells advises Resorts World as proposal for Queens casino moves to final stage

As of the final local community advisory committee vote held on 30 September, four applications are now moving forward to the next and final review stage – RWNYC (Queens), Metropolitan Park at Citi Field (Queens), Bally’s Bronx in Ferry Point (Bronx), and MGM Empire City (Yonkers). All of the Manhattan casino proposals, along with The Coney in Coney Island, Brooklyn did not receive the necessary votes to advance.

RWNYC’s initial proposal was developed in collaboration with community partners and elected officials and includes a commitment to invest US$50 million back into the community through support for local organizations, charitable efforts, and infrastructure improvements. With community ties and a focus on inclusive growth, its plan aims to deliver significant economic and social benefits to Queens and New York State. If approved, the casino could mean 24,000 new jobs and more than US$1 billion in new, incremental revenue by next year, and billions of dollars in economic activity beginning as soon as next July.

More information on the casino proposal can be found here.

The Hogan Lovells New York-based real estate team was led by partners Ross Moskowitz, Trevor Adler, and Karen Scanna, counsel John Engantios-Beene, and associate Brandon Hamroff.