Resorts World Catskills

Resorts World Catskills
Location Monticello, New York, U.S.
Address 888 Resorts World Drive
Opening dateFebruary 8, 2018; 6 years ago (2018-02-08)
No. of rooms332
Total gaming space65,000 sq ft (6,000 m2)
Casino typeLand-based
OwnerEmpire Resorts
ArchitectJCJ Architecture[1]
Previous namesMontreign Resort Casino (in planning)
Websiterwcatskills.com

Resorts World Catskills is a hotel and casino located in Monticello, New York.[2][3]

History

It opened on February 8, 2018,[4] and is owned and operated by Empire Resorts.[5] It was built on the former site of the Concord Hotel.[6] The property features 65,000 square feet (6,000 m2) of gaming space with 112 table games and over 2,150 slot machines,[7] and an 18-story hotel tower with 332 suites.[8]

The property was originally to be named Montreign Resort Casino but announced in April 2017 that it would instead license the Resorts World name from Genting Group, the majority owner of Empire Resorts.[9][10]

In mid-2018, construction was begun on the Entertainment Village, a building next to the casino containing retail space, restaurants, and 105 hotel rooms.[11] The project opened in December 2018 as The Alder at Resorts World Catskills.[11][12]

In August 2019, an SEC filing indicated that Empire Resorts, the casino's parent company, was considering bankruptcy. During the period between the casino's February 2018 opening and June 2019, the company reported $211.5 million in losses. The Times Herald-Record asserted that the losses occurred "due to gross gaming revenues that lagged 45 percent below company projections in year-one alone, in a Northeast market over-saturated with gambling options".[13]

References

  1. ^ "Resorts World Catskills". JCJ Architecture. Retrieved 2018-04-12.
  2. ^ Axelrod, Daniel (February 7, 2018). "Finally it's here: Sullivan's casino opening Thursday". Times Herald-Record. Middletown, NY. Retrieved 2018-02-08.
  3. ^ Axelrod, Daniel (March 26, 2019). "Resorts World Catskills cuts 25 percent of slots". Times Herald-Record. Middletown, NY. Archived from the original on March 22, 2020. Retrieved 2019-06-23.
  4. ^ "Resorts World casino opens in Sullivan County". Daily Freeman. Kingston, NY. Mid-Hudson News Network and Associated Press. February 8, 2018. Archived from the original on 2018-09-07. Retrieved 2018-02-08.
  5. ^ "New casino opens in Catskills after decades of waiting". Times Union. Albany, NY. AP. February 8, 2018. Retrieved 2018-02-08.
  6. ^ Blain, Glenn (February 3, 2018). "Catskills takes chance opening $900M hotel and casino". Daily News. New York. Retrieved 2018-02-08.
  7. ^ "Empire Resorts cuts ribbon on latest New York casino". New York Business Journal. February 8, 2018. Retrieved 2018-02-08.
  8. ^ Spector, Joseph (February 8, 2018). "Resorts World Catskills: Five things to know about the new casino". The Journal News. White Plains, NY. Retrieved 2018-02-08.
  9. ^ Axelrod, Daniel (May 18, 2017). "New casino to be called Resorts World Catskills". Times Herald-Record. Middletown, NY. Retrieved 2018-02-09.
  10. ^ "Montreign Resort Casino to be rebranded a Resorts World property" (Press release). Empire Resorts. April 6, 2017 – via EDGAR.
  11. ^ a b "Entertainment Village under construction at Sullivan County casino site". Daily Freeman. Kingston, NY. Mid-Hudson News Network. June 18, 2018. Archived from the original on 2018-06-22. Retrieved 2018-06-19.
  12. ^ Sucato, Sabrina (December 18, 2018). "This New Resort Hotel Brings Luxury and Comfort to the Catskills". Hudson Valley Magazine. Retrieved November 6, 2019.
  13. ^ Axelrod, Daniel (August 9, 2019). "Sullivan casino's parent company considers bankruptcy". Times Herald-Record. Middletown, NY. Archived from the original on August 9, 2019.

41°39′26.9″N 74°38′48.8″W / 41.657472°N 74.646889°W / 41.657472; -74.646889

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