Border Conflict: New York City Casinos May Endanger New Jersey's Gaming Industry
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 18 2025
0mins
Source: SeekingAlpha
New York City Casino Licenses Approved: The New York State Gaming Commission has awarded three downstate casino licenses for projects in New York City, including Bally's in the Bronx, Hard Rock near Citi Field, and an expansion of Resorts World in Queens.
Projected Opening Timelines: Resorts World aims to open its full commercial casino by late March 2026, Hard Rock's project may open in phases starting in late 2027, and Bally's Bronx is expected to open in the mid-2030s.
Impact on New Jersey's Casino Industry: The new NYC casinos are anticipated to significantly threaten New Jersey's gaming revenue, with projections suggesting a potential 20% to 30% revenue loss for Atlantic City casinos.
Current Performance of New Jersey Casinos: Despite the looming competition, New Jersey's casino industry has seen a strong performance in 2025, with total gaming revenue increasing by 10.4% year-over-year, reaching $6.38 billion.
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Analyst Views on MGM
Wall Street analysts forecast MGM stock price to rise
14 Analyst Rating
5 Buy
7 Hold
2 Sell
Hold
Current: 34.190
Low
29.00
Averages
40.31
High
56.00
Current: 34.190
Low
29.00
Averages
40.31
High
56.00
About MGM
MGM Resorts International is a global gaming and entertainment company with national and international locations featuring hotels and casinos, meetings and conference spaces, live and theatrical entertainment experiences, and a range of restaurant, nightlife and retail offerings. The Company’s segments include Las Vegas Strip Resorts, Regional Operations, MGM China, and MGM Digital. The Las Vegas Strip Resorts segment consists of Aria, Bellagio, The Cosmopolitan of Las Vegas, MGM Grand Las Vegas, Mandalay Bay, Luxor, New York-New York, Excalibur, and Park MGM. The Regional Operations segment consists of MGM Grand Detroit in Detroit, Michigan; Beau Rivage in Biloxi, Mississippi; Gold Strike Tunica in Tunica; Borgata in Atlantic City, New Jersey; MGM National Harbor in Prince George’s County, Maryland; MGM Springfield in Springfield, Massachusetts; Empire City in Yonkers, New York, and others. MGM Digital is its online gaming portfolio which is primarily comprised of LeoVegas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Intensifying Market Competition: Despite Kalshi outspending Polymarket by 19 times and DraftKings by 35% in marketing, traditional sports betting giants like DraftKings and FanDuel remain dominant, with daily active users reaching 5 million and 4.2 million, respectively.
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- Massive Market Potential: With major sports events approaching in 2026, prediction markets are expected to see increased trading opportunities, and Robinhood's event contracts are described as the fastest-growing business in the company's history, highlighting significant future profitability potential.
- Aggressive Marketing Strategy: Kalshi's marketing expenditure in the U.S. is approximately 19 times that of Polymarket and about 35% more than DraftKings, and this proactive marketing approach is likely to enhance brand visibility and attract more users to participate.
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