New York State Lieutenant Governor Kathy Hochul believes that Resorts World Catskills signifies the \u201crebirth of the Catskills.\u201d But Moody\u2019s warns the resort is entering a saturated market and predicts cannibalization. (Image: Anthony Lucarelli\/MidHudson News)<\/figcaption><\/figure>\n\u201cIt was so exciting to be the first one to cash in a ticket,\u201d a woman, known only as \u201cAlice,\u201d told The Times Record-Herald<\/em> after she pocketed the casino\u2019s first slot payout of $121.36. \u201cI walked up and they said, \u2018Wow. We got a winner already.\u2019\u201d<\/p>\nIt\u2019s just over four years since state residents voted to legalize full-scale commercial casino gaming, and two years since Malaysia\u2019s Resorts World Genting was granted a license to develop and operate the new resort. Now, two decades on from the closure of the famous Concord Hotel, the region once again has what state officials are praying is a tourist magnet.<\/p>\n
This is the rebirth of the Catskills. You heard it here first,\u201d declared New York State Lieutenant Govenor\u00a0Kathy Hochul. \u201cThe days of New York state losing casino money to other states is over, I\u2019ve officially declared it over.\u201d<\/strong><\/p><\/blockquote>\n