Resorts World New York City generated $30.4 million in gross gaming revenue in the week ending Nov. 1, even as its casino floor had expanded markedly since its April conversion to commercial gaming. The New York State Gaming Commission recorded $20.1 million from slots and $10.3 million from live table games.
The result was below the property’s $32.2 million weekly high for the period, set in the week ending Oct. 18, but remained within a relatively narrow range since the launch. Weekly gross gaming revenue ran from $26.7 million in the week ending May 10 to the October peak, while averaging about $30 million from early May to early November.
As reported Nov. 9, the casino retained a commanding role in New York’s October commercial-casino revenue after introducing live dealer gaming in April. Resorts World ceased operating as a video lottery facility on April 27 and began operating as a commercial casino the following day.
The number of slots and electronic table games averaged 2,465 in the week ending May 3. That figure rose to 3,716 by the week ending July 26 and 4,068 by Nov. 1, an increase of about 1,600 units. The property began with 242 live tables and kept that daily average through mid-October before increasing to 301 and then 345 in the final two reported weeks.
The larger slot floor did not produce a comparable increase in weekly slot revenue. It remained between $18.5 million and $22.3 million, while average daily win per unit fell from $1,505 in the first reported week to $706 in the week ending Nov. 1. The measure reached its low of $663 in the week ending Sept. 27.
Table games supplied the main area of revenue growth. Weekly table-game revenue climbed from $4.9 million in the first reported week to $10.3 million in the week ending Nov. 1, after reaching $12.3 million in the week ending Oct. 18, when the casino averaged 242 tables. In the following two weeks, table-game revenue was below $10.5 million despite the larger table count.
Promotional credits also rose over the period, from roughly $700,000 a week in the first few months to more than $1.7 million later in the period. Resorts World’s stated long-term buildout allows for as many as 6,000 slot machines and 800 live table games, with a planned 350,000-square-foot gaming floor by 2030.
