Genting Begins Phase Two of Resorts World NYC Expansion

Genting Group has initiated the second phase of its $5.5 billion Resorts World New York City expansion. This development aims to introduce new hospitality and entertainment facilities in New York City.

What Happened

The Malaysian conglomerate, controlled by billionaire Lim Kok Thay, officially broke ground on the new phase of the project on Wednesday, according to The Financial Express. This expansion follows Resorts World New York City securing one of New York City’s three gaming licenses, as reported by The Financial Express.

The second phase of the expansion for Resorts World New York City (RWNYC) commenced in late July 2026, according to VnExpress International. This development represents a significant progression for the Queens-based casino, adding substantial new infrastructure.

Prior to the ground breaking, Resorts World New York City reportedly added 1,400 slots as its $5.5 billion expansion progressed, as stated by Yogonet International. The groundbreaking event marked the formal start of this extensive development, which will introduce new facilities beyond gaming. Travelmole.com also reported on Resorts World NYC fast-tracking its $5.5 billion expansion.

Key Details

• The expansion project for Resorts World New York City is valued at $5.5 billion, according to The Financial Express.
• New additions include hotels, a 7,000-seat arena, and a sports center, as reported by The Financial Express.
• Resorts World New York City had previously added 1,400 slots, as cited by Yogonet International.
• The project is expected to create thousands of jobs and generate billions in revenue, according to The Financial Express.
• The expansion commenced after Resorts World New York City secured one of New York City’s gaming licenses, as stated by The Financial Express.

Why It Matters

The initiation of the second phase of the Resorts World New York City expansion signifies a substantial investment in the New York entertainment and hospitality market. This development, spearheaded by Lim Kok Thay’s Genting Group, extends beyond traditional casino operations to include diverse facilities such as hotels, an arena, and a sports center, according to The Financial Express. Such large-scale projects can have considerable economic impacts, including job creation and revenue generation for the region, as noted by The Financial Express. The project’s progression after securing a gaming license highlights the regulated market’s capacity for significant capital infusion and infrastructure development.

What’s Next

The expansion is projected to create thousands of jobs and generate billions in revenue, according to The Financial Express. Further progress on the construction of the new hotels, 7,000-seat arena, and sports center will follow the groundbreaking, as stated by The Financial Express. The project’s full completion timeline was not explicitly detailed in the source material.

Originally reported by The Financial Express·Published 3 Aug 2026, 14:36