NYC bets on mega casinos
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 1 December 2025
⏱️ 5 minutes
🧾️ Download transcript
Summary
Show Notes:
U.S. stocks turn lower, crypto falls while yields rise at the start of December
Episode transcripts: seekingalpha.com/wsb
Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Good afternoon and welcome to December. Today is Monday, December 1st, and I'm your host, |
| 0:14.8 | Rina Sherble, filling in for Kim Khan, who you hopefully have already heard from in this morning's |
| 0:20.2 | Wall Street breakfast. |
| 0:21.6 | Our top story so far, the streets of New York will soon be echoing with the sounds of slots, |
| 0:27.3 | craps, and roulette. |
| 0:28.3 | The New York State Gaming Commission has approved casino licenses for resorts World New York City, |
| 0:34.5 | ticker G.E.B.H.F. Bally's Bronx Project, and the Metropolitan Park Casino, |
| 0:40.5 | led by Mets owner Steve Cohn and Hard Rock International. The commission now has until |
| 0:45.3 | December 31st to ratify opening the first full commercial casinos within New York City. |
| 0:51.2 | Metropolitan Park is planning an 8 billion entertainment and casino resort |
| 0:54.8 | next to City Field in Queens. The project includes a hard rock resort, concert venue, |
| 1:00.7 | and a slate of attractions aimed at revitalizing the area. Bally's plans a 4 billion |
| 1:06.2 | casino and hotel complex at Ferry Point in the Bronx. It's projected to attract |
| 1:10.2 | more than 9 million |
| 1:11.4 | visitors annually and generate close to 400 million a year in tax revenue. Resorts World New York City |
| 1:18.2 | said its 7.5 billion proposal would create the largest integrated resort in the U.S. Building |
| 1:24.7 | on its aqueduct slots venue, the expansion includes a 500,000 square foot |
| 1:29.1 | gaming floor with 6,000 slots and 800 live table games. Gaming could begin as early as mid-20206 |
| 1:37.0 | at Resorts World, while the Bally's Bronx and Metropolitan Park projects aren't expected to open |
| 1:42.6 | until around 2030. Meanwhile, Missouri has officially |
| 1:46.6 | launched legal sports betting statewide. Analysts expect a highly competitive online market |
| 1:52.5 | for the 19th largest state, with the first year handle projected at 3.5 billion to 4 billion. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Seeking Alpha, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Seeking Alpha and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

