NYC Casinos Could Become World’s Biggest, Bidders Predict
Forecasts from resort developers are sometimes optimistic
The proposed site of the 'Freedom Plaza' project in New York.
Photographer: Yuvraj Khanna/BloombergBidders for three New York City-area casino licenses are projecting revenue that would place them among the most lucrative resorts in the world, according to an analysis of their proposals.
In Manhattan, the Freedom Plaza project is expected to generate $2.2 billion in annual revenue in its first year of operation, rising to $4.2 billion by year 10, while billionaire Steve Cohen’s project near Citi Field in Queens is forecast to produce $3.9 billion annually by year three, according to executive summaries the bidders filed with the New York State Gaming Facility Location Board.