Resorts World New York, under the umbrella of Genting Malaysia, launched the first batch of gambling tables in New York City history on April 28, but the first report card turned out to be a mixed bag. A research report released by Malayan Banking on Sunday showed that the casino operated 242 gambling tables from April 28 to May 3, generating only $4.9 million in gross gaming revenue over six days, with an average daily income of only $3,400 per table, far below the bank's previous estimate of $7,500. Analyst Samuel Yin Shao Yang attributed the sluggish performance in the first week partly to the dealer's bad luck—the actual win rate was only 14%, much lower than the normal level. Malayan Banking estimated that if the win rate were normalized to 20%, these new tables should have generated about $6.9 million in gross gaming revenue, with an average daily income per table rising to about $4,759, with the main gap due to the initial phase of the game favoring the gamblers.
Slot machines set a record against the trend during the opening week of the tables
In stark contrast to the tepid debut of the gambling tables, the slot machine gross gaming revenue at Resorts World New York soared to $23.5 million during the same period, more than four million dollars higher than the average weekly value estimated by Malayan Banking for the same period last year. Samuel Yin Shao Yang provided an industry-insightful explanation—the customer-gathering effect brought by the opening of table games might have pushed more attracted gamblers towards the more familiar and simpler slot machine area. This judgment implies that for this casino, which has long been dominated by video lottery terminals, its core customer base still needs time to adapt to table games.
Meanwhile, Resorts World Catskills in upstate New York, also operated by Genting, showed unexpected resilience in this regional competition—its gross gaming revenue during the same period fell only 11.1% to $3.3 million, far from reaching the severe diversion level previously feared by the market. Malayan Banking maintained a buy rating for Genting Malaysia, emphasizing that New York City is still in the early stages of operation, and Resorts World New York has formulated a clear phased expansion blueprint—planning to gradually increase the number of gambling tables and slot machines by 2030, and expand hotel rooms, conference spaces, and a large integrated sports arena.
PASA official website continues to track the performance climb and competitive landscape evolution of the emerging North American gaming market, noting the dramatic differentiation between table games and slot machines shown by Resorts World New York in its opening week, providing an important operational reference for the city's first Class III casino during its cultivation period.
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This article is from "PASA-Global iGaming Leader" gambling industry news channel: https://t.me/pasa_news
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