Lawmakers in Indiana Halts Proposals for Moving Casino to New Haven
Revised Article
Let's dive into the latest casino gossip, y'all! Today, we're talking about the Hudson Yards' potential new casino and the juicy numbers surrounding it.
Now, here's a shocker for you - the Rising Star Casino's annual revenue has taken a nosedive, falling barely half of what it was 12 years ago. And it ain't pretty. But fear not, New Yorkers, because the new casino could bring some serious cash to the table – an estimated whopping $80 million in annual taxes!
To make this dream a reality, the casino operator's agreed to invest a hefty $500 million into this new casino project. Wanna know who's been working the scene? None other than sports-loving, ex-track-and-field athlete, and former Virginia Tech graduate – Grant Mitchell. This guy's been making waves in the sports betting industry since joining the pros in 2021, collaborating with heavy hitters like Forbes and VSiN and building a solid rep.
Now you might be thinking, "Hey, where's all the nitty-gritty on this Hudson Yards casino deal?" Well, here's a bit of the scoop I've dug up so far:
- Hudson Yards Casino Zoning Approval: It's official! On April 10, 2025, the City Planning Commission gave the thumbs up to rezoning for a potential casino in Manhattan's Hudson Yards. But watch out, the plan still needs City Council approval, and it's in a fierce battle for one of the upcoming New York casino licenses.
- Lack of Financial Specifics: As of now, there's no chatter about the exact numbers, like projected taxes or investment amounts, for this project. Things like tariffs on imported gaming equipment and labor disputes are causing delays for other casino projects across the nation.
- Industry Context: Gaming execs are reporting steady Q1 2025 revenues and stressing the growth of online gaming. However, no operator's spilling the beans about their financial plans for the Hudson Yards development. Say what? Didn't they get the memo – it's 2025, and folks want answers!
Keep an eye out for more updates from Grant Mitchell as this story unfolds! In the meantime, let's hope those estimated taxes aren't just a fanta-sea. Cheers!
[1] Hudson Yards Casino Zoning Approval Source
[2] Gaming Executives Report Q1 Revenues Source
[3] Tariffs on Imported Gaming Equipment Source
[4] Labor Disputes Affecting Casinos Source
- The Hudson Yards Casino operator, Grant Mitchell, has made a name for himself in the sports betting industry, collaborating with big names such as Forbes and VSiN.
- With the City Planning Commission's approval for casino rezoning in Hudson Yards, the project is now battling for one of the upcoming New York casino licenses.
- In 2025, the revenue of online gaming is reported to be growing steadily, but operators have kept mum about their financial plans for the Hudson Yards development.
- To invest in the Hudson Yards casino project, $500 million is expected, as previously agreed by the operator.
- The current casino scene is facing challenges such as tariffs on imported gaming equipment and labor disputes, causing delays for many casino projects across the nation.
- With the new casino potentially bringing in an estimated $80 million in annual taxes, one can only hope that the projected numbers will pan out in reality, just like the progressive jackpot in online slot machines or the big wins in Las Vegas sports betting.
