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Resorts World ups the ante in revenue

| tcullen@queenscourier.com

Resorts World

Talk about hitting it big.

The Resorts World Racino announced that the venue topped Las Vegas, Connecticut and Atlantic City, among others, for the most slot machine revenue in May.

The casino brought in $57.5 million last month. Mohegan Sun came in second in May with about $2 million less, according to Racino officials.

About $40 million from this revenue went back into the community, they said, including education and the racing industry. More than $252 million in taxes has been sent back to the state since Resorts World opened its doors eight months ago; $162 million of that amount has been allocated for education spending.

“Resorts World’s model has maximized gaming revenue for New York State in a manner that has not been replicated by any other facility in the nation,” said Michael Speller, president of Resorts World Casino New York City. “We are proud of the incredible revenue Resorts World has generated to support the education of New York’s students and the more than 3,000 jobs we have created for hard-working New Yorkers.”

State Assemblymember J. Gary Pretlow, who is the chair of the Assembly Racing and Wagering Committee, said the education system greatly benefited from this revenue, and any future gambling expansion must continue this, or strengthen, the system.

“As New York State proceeds down the path of full legalized gaming, it is crucial that taxpayers and students not get shortchanged in the process,” Pretlow said. “As evidenced by Resorts World’s May figures, the state’s education system greatly benefits from our current gaming structure. Any changes to that structure must ensure that students get more, not less, of the revenue that gaming brings to the state.”