Wall Street Breakfast NYC bets on mega casinos
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Dec 1, 2025 New York's Gaming Commission has given the green light for three major casino licenses, including Resorts World and Bally's Bronx. Meanwhile, Zootopia 2 is making waves with a record opening at the box office, both domestically and in China. The ISM Manufacturing Index shows a concerning slip, hinting at broader economic challenges. Additionally, SoftBank has offloaded its stake in NVIDIA to invest in promising AI ventures, as the AI trade landscape continues to evolve.
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NYC Approves Mega Casino Plans
- New York approved three casino licenses for Resorts World NYC, Bally's Bronx, and Metropolitan Park, enabling full commercial casinos in the city pending ratification by Dec. 31st.
- Projects range from $4B to $8B with Resorts World aiming to open gaming by mid-2026 and others near 2030.
Massive Economic Footprint Expected
- Metropolitan Park plans an $8 billion resort next to Citi Field while Bally's and Resorts World propose $4B and $7.5B developments respectively.
- Resorts World would create a 500,000 sq ft gaming floor with 6,000 slots and 800 table games, claiming the largest integrated resort in the U.S.
Missouri Joins Sports Betting Market
- Missouri has launched statewide legal sports betting with analysts expecting fierce online competition and a first-year handle of $3.5B–$4B.
- The expansion signals continued growth of U.S. sports betting markets beyond major states.