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By Brian Warner on September 26, 2025 in Articles › Entertainment
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Each plan promised jobs, tax revenue, and neighborhood revitalization. But every bid also faced the challenge of securing local political and community support. Still, Resorts World was limited by law — it could not offer live dealers or Las Vegas–style gaming. That changed in 2023 when New York lawmakers authorized up to three full casino licenses in the downstate region.
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If he owns 5%, multiply the numbers above by five, but I am extremely skeptical that Nas owns 5% of this project. And, hopefully, future disclosures will give us the real nitty-gritty details. In 2009, the luckiest Russian billionaire of all time, Mikhail Prokhorov, bought 80% of Ratner’s team stake and 45% of the Barclays Center. As a reminder, the project carries a $5.5 billion price tag, funded primarily by Genting Group. And this week, he took the first of many steps on the path to becoming a casino tycoon.
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As a reminder, apparently, the Aqueduct casino currently generates $1 billion per year in revenue. And they plan to build one of the largest casino floors in the world, a 7,000-seat entertainment venue, and more than 1,600 hotel rooms. If all goes to plan PERFECTLY, let’s say the future casino generates $2.5 billion in revenue per year. All gambling in India, whether land-based or online, is regulated at the state level. Many states prohibit gambling, which includes both online and in-person gambling, while other states have legalized gambling and have introduced regulation to create a safe gaming environment.
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- In January 2004, real estate developer Bruce Ratner bought the New Jersey Nets for $300 million.
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- In India, gambling is regulated at both the federal and state level.
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Prior to Durango’s debut, the area was served only by small neighborhood casinos and taverns. Durango Casino & Resort opened on December 5, 2023, on a 71-acre site in the southwest Las Vegas Valley — a rapidly growing residential corridor that had long lacked a full-scale luxury resort. The commission is expected to consider the expansion proposal at its October 22 meeting, but has already recommended approving it. Construction is expected to begin construction by July 2028. They will also elevate Durango to the standards set by the locals casino company’s flagship properties, Red Rock Casino Resort & Spa in Summerlin and Green Valley Ranch in Henderson. Red Rock Resorts is doubling down on its Durango Casino & Resort.