The cost of a potential Wynn casino complex in New York has risen from 10 billion to 12 billion

The cost of Related Companies and Wynn Resorts’ joint project to build a potential casino complex at Hudson Yards has increased. According to the New York Daily Post, the projected cost is now $12 billion (1.12 trillion rubles) instead of the $10 billion (930.55 billion rubles) announced in May 2023.

Developer Related Companies has teamed up with casino operator Wynn Resorts in 2022 to offer New York City a mixed-use project in the Hudson Yards neighborhood. Three skyscrapers with heights ranging from 74 to 85 floors are planned to be built on the 52,600 square meter site. In addition to a 241,500-square-meter casino, which will occupy five floors, the project includes many amenities. Among them – a hotel with 1,750 rooms, a conference hall, parking for 500 cars, offices and stores. More than 1,500 apartments will also be available in the complex.

If the project is approved, construction will be completed around 2030. However, before Related Companies and Wynn Resorts need to beat out competitors in the battle for three casino licenses in New York. The contenders, which include Caesars, Las Vegas Sands and Bally’s, are now finalizing their proposals to convince the authorities of their advantages.

According to the New York Daily Post, Related Companies and Wynn Resorts filed a request with the Department of City Planning on Feb. 20 to change the Hudson Yard zoning. The document details the transformation of the area if the casino license is granted. The transformation calls for, among other things, a new47252

Of note: Resorts World NYC is recognized as the best U.S. casino outside of Nevada in 2023.






Leave a Reply