The success of online gambling across the United States and the sharp increase in the number of residents who have been vaccinated seems to have inspired land-based casino operators to take the plunge on new developments.
The latest of these developments to receive approval will benefit the once-proud town of Newburgh, New York.
Newburgh Needs New Life
Over the past few years, the city of Newburgh, a mere sixty miles north of Manhattan, has suffered a serious decline.
The once-grand city was founded in 1709 and rose to prominence on the back of hard working Americans. Over time, as jobs faded away and crime, replaced entrepreneurship the city fell into decay.
The current leadership of the city, however, is determined to see the city reclaim its former glory. Step one is to reinvigorate the local economy through investments and job creation.
Meghan Taylor, vice president of public relations for Resorts World, said:
“We look forward to breaking ground soon and delivering on our commitment to create good-paying union jobs for local residents, help revitalize the Newburgh Mall, serve as an economic engine in the Hudson Valley, and begin generating revenue for New York State’s public schools.”
The approval of the proposed Resorts World casino, which will be hosted in the Newburgh Mall, will bring $32 million in investment capital to Newburgh and create at least 225 full-time employment opportunities once complete.
The town will also benefit from increased policing as the five-member board of Resorts World approved an additional $3 million a year for additional law enforcement officers and programs.
American Casinos Take Note
It is not only New York that is banking on the reopening of casino venues as a way to resuscitate their ailing economies.
There are several land-based casinos which are either approved, awaiting approval or currently under development, including:
- May 2021 saw the launch of the $300 million Hard Rock Casino in Northern Indiana.
- $4.3 billion Resorts World Las Vegas is set for launch in June 2021.
- The Catawba Two Kings Casino Resort in North Carolina offers punters access to 500 ‘pre-launch’ slot machines.
- Richmond Virginia approves the $600 million One Casino + Resort project.
- Arizona and the Yavapai-Prescott Indian Tribe are revisiting an $80 million casino proposal for the state.
- Red Rock Resorts announced its intention to launch a new casino project in 2022.
We can only hope that the investors and leaders of these corporations know something we do not. Having them so heavily invest in launching new casino resorts only to have them shuttered by a resurgence in the infection rates and lockdowns could be disastrous for the already tentative US economy.