Same as it ever was: “That’s how you get [casino] projects done, right? You inflate the job prospects, you inflate the revenue.”
New York Magazine's May 28, 2024 feature New Jackpot City is well worth the read. Note the subheading, "Eleven rivals. Countless billions. One prize: the right to build a casino in the heart of New York." Noah Shachtman writes: The Encore [Boston Harbor], which is operated by Wynn [Resorts], is considered a relatively strong performer among recent big-city casino projects, not all of which have proved profitable. A recent report by researchers at the University of Massachusetts Amherst found that the site has generated nearly 10,000 jobs and is netting the state $1 billion a year in new economic activity. But Chicago’s casino experiment has been a disaster, pulling in less than half the revenue promised... In New York, Resorts World is one of three companies operating casinos upstate, and none of them have hit the revenue projections they initially promised. Several have renegotiated with the state to substantially cut their tax rates. One source with deep gaming-indust...