{"id":69580,"date":"2018-02-09T18:00:37","date_gmt":"2018-02-10T02:00:37","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=69580"},"modified":"2018-02-09T14:08:56","modified_gmt":"2018-02-09T22:08:56","slug":"resorts-world-catskills-opens-rejuvenate-region","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/resorts-world-catskills-opens-rejuvenate-region\/","title":{"rendered":"Resorts World Catskills Opens with Promise to Rejuvenate Region"},"content":{"rendered":"

Resorts World Catskills<\/a> flung open its doors on Thursday morning. And nine minutes after the biggest of New York State\u2019s four new commercial casinos opened for business, we had a winner from among the throng of people checking out upstate New York\u2019s newest attraction.<\/p>\n

\"New
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>\n

It\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

Faded Glamour<\/strong><\/h2>\n

Resorts World is built on the site of the of the Concord, which was the region\u2019s biggest hotel during its \u201cBorscht Belt\u201d heyday. From the 1920s to 1970s the Catskills was a roaring summer vacation resort for especially Jewish New Yorkers, until the rise of cheaper air travel and package vacations to more exotic destinations drained it of visitors and blighted its economy.<\/p>\n

New York\u2019s four new casinos are all about economic revitalization, and Resorts World is hoping to lure back visitors from the New York metropolitan area \u2013 just like the old days.<\/p>\n

Around 100 hotel rooms were available on Thursday, with a further 300 more to follow. Also to follow later this year are an indoor water park and 18-hole gold course.<\/p>\n

Will New Yorkers Come Back to the Catskills?<\/strong><\/h2>\n

But its three predecessors into the market \u2013 Tioga Downs in Nichols in the Southern Tier, Del Lago Resort in Seneca County and the Rivers Casino Resort in Schenectady \u2013 have reported disappointing revenues so far.<\/p>\n

\n

Moody\u2019s<\/a> noted last month that Resorts World would be entering a \u201cvery tough gaming market\u201d and predicted it would cannibalize business from its competitors in the state.<\/p>\n<\/div>\n

When the The Times Record-Herald<\/em>\u00a0asked Genting Group chairman and CEO KT Lim whether he was concerned about market saturation he replied that we wasn\u2019t.<\/p>\n

\u201cNo,\u201d he said. \u201cAs you can see it\u2019s a wonderful facility. We\u2019ll be able to hold our own. It\u2019s a true resort setting here. As we get into the summer, the golf course and the water park will come online. These are world-class facilities.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Resorts World Catskills flung open its doors on Thursday morning. And nine minutes after the biggest of New York State\u2019s four new commercial casinos opened for business, we had a winner from among the throng of people checking out upstate New York\u2019s newest attraction. \u201cIt was so exciting to be the first one to cash […]<\/p>\n","protected":false},"author":42,"featured_media":69583,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,18],"tags":[],"acf":[],"yoast_head":"\nResorts World Catskills Opens with Promise to Rejuvenate Region<\/title>\n<meta name=\"description\" content=\"Genting Group\u2019s Resorts World Catskills, the biggest of the new upstate New York casinos, finally opens its doors in what Moody\u2019s believes is a tough, oversaturated market.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Resorts World Catskills Opens with Promise to Rejuvenate Region\" \/>\n<meta property=\"og:description\" content=\"Genting Group\u2019s Resorts World Catskills, the biggest of the new upstate New York casinos, finally opens its doors in what Moody\u2019s believes is a tough, oversaturated market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/resorts-world-catskills-opens-rejuvenate-region\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-10T02:00:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-02-09T22:08:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/02\/Hochul.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/resorts-world-catskills-opens-rejuvenate-region\/\",\"url\":\"https:\/\/www.casino.org\/news\/resorts-world-catskills-opens-rejuvenate-region\/\",\"name\":\"Resorts World Catskills Opens with Promise to Rejuvenate Region\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/resorts-world-catskills-opens-rejuvenate-region\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/resorts-world-catskills-opens-rejuvenate-region\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/02\/Hochul.jpg\",\"datePublished\":\"2018-02-10T02:00:37+00:00\",\"dateModified\":\"2018-02-09T22:08:56+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"Genting Group\u2019s Resorts World Catskills, the biggest of the new upstate New York casinos, finally opens its doors in what Moody\u2019s believes is a tough, oversaturated market.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/resorts-world-catskills-opens-rejuvenate-region\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/resorts-world-catskills-opens-rejuvenate-region\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/resorts-world-catskills-opens-rejuvenate-region\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/02\/Hochul.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/02\/Hochul.jpg\",\"width\":600,\"height\":300,\"caption\":\"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. 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