Resorts World, Bally’s, Steve Cohen Submit Supplemental New York Casino Applications

The Wall Street JournalWednesday, October 15, 2025 at 11:00:00 PM
Resorts World, Bally’s, Steve Cohen Submit Supplemental New York Casino Applications
Resorts World, Bally's, and Steve Cohen have submitted supplemental applications for downstate casino licenses in New York, following MGM Resorts International's recent withdrawal from the competition. This development is significant as it highlights the ongoing interest and investment in the New York gaming market, which could lead to increased economic activity and job creation in the region.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
Bill Ackman donates $1mn to oppose Zohran Mamdani’s NY mayoral campaign
NegativeFinancial Markets
Bill Ackman, the hedge fund billionaire, has made headlines by donating $1 million to oppose Zohran Mamdani's campaign for New York mayor. This move highlights the intense battle between traditional financial interests and the rising influence of democratic socialism in city politics. Ackman's significant contribution underscores the stakes involved in the election, as Mamdani, a frontrunner, represents a shift towards progressive policies that challenge the status quo. This clash not only reflects the broader national debate over economic inequality but also sets the stage for a pivotal moment in New York's political landscape.
Antonio Marras Brings Sardinia To New York With New Boutique
PositiveFinancial Markets
Antonio Marras, the Sardinia-based designer celebrated for his enchanting and meticulously crafted clothing, has opened a new boutique in New York. This expansion not only enhances his retail presence but also brings a slice of Sardinian culture and theatrical storytelling to the bustling fashion scene of New York. It's an exciting development for fashion enthusiasts who appreciate unique artistry and craftsmanship.
Best Banks and Credit Unions in the Northeast for 2026
PositiveFinancial Markets
In 2026, the Northeast is showcasing some of the best banks and credit unions across its nine states, including Connecticut and Massachusetts. With so many options available, it can be daunting to choose the right financial institution. However, our research highlights top-performing banks and credit unions that stand out for their account offerings and customer service. This matters because selecting the right bank can significantly impact your financial health and savings potential.
New York Manufacturing Activity Increases for Third Time in Four Months
PositiveFinancial Markets
In October, New York's manufacturing sector showed encouraging signs as factory activity increased for the third time in four months, driven by a rise in orders and shipments. This uptick is significant as it reflects a recovering economy and suggests that businesses are gaining confidence, which could lead to more job creation and investment in the region.
NY Empire State Manufacturing Index rebounds, beating expectations
PositiveFinancial Markets
The latest report on the New York Empire State Manufacturing Index shows a significant rebound, surpassing expectations and indicating a positive shift in the manufacturing sector. This is important as it suggests that businesses are gaining confidence and the economy may be on a path to recovery, which could lead to increased investment and job creation.
MGM withdraws commercial casino license application in New York
NegativeFinancial Markets
MGM has decided to withdraw its application for a commercial casino license in New York, a move that raises questions about the future of the gaming industry in the state. This decision is significant as it reflects the challenges and complexities of entering the competitive New York market, which could impact local economies and job creation. The withdrawal may also influence other potential investors and the overall landscape of casino operations in the region.
ECB Likely to Cut Rates Next, Villeroy Says
PositiveFinancial Markets
Francois Villeroy de Galhau, a member of the European Central Bank's Governing Council, has indicated that the bank is more likely to cut interest rates rather than raise them in its upcoming decisions. This shift could provide relief to borrowers and stimulate economic activity in the Eurozone. Additionally, he emphasized the need for France to implement spending cuts to manage its debt effectively. This news is significant as it reflects the ECB's approach to navigating economic challenges and its potential impact on financial markets.
TeraWulf Floats $3.2 Billion of Junk Bonds for New York Data Center
PositiveFinancial Markets
TeraWulf has made headlines by floating $3.2 billion in junk bonds to fund its new data center in New York, marking a significant moment in the artificial intelligence debt boom. This move not only highlights the growing demand for AI infrastructure but also reflects investor confidence in the potential of data centers to drive future growth. As companies increasingly rely on AI technologies, TeraWulf's initiative could pave the way for more investments in this sector, making it a noteworthy development in the finance landscape.
Mamdani Seeks to Charm New York’s Most Powerful Capitalists
PositiveFinancial Markets
Zohran Mamdani is gaining traction among New York's influential capitalists despite facing significant opposition in the Democratic primary. Recently, he attended a breakfast hosted by the Association for a Better New York, where he impressed attendees, including a real estate developer who described him as 'personable.' This shift in perception could be crucial for Mamdani as he navigates the political landscape and seeks support from key power brokers.
Latest from Financial Markets
Amazon is selling a $400 assembly-free cloud sofa with a perfect 5-star rating for only $270
PositiveFinancial Markets
Amazon has launched a fantastic deal on its assembly-free cloud sofa, originally priced at $400, now available for just $270. This stylish and comfortable couch, which boasts a perfect 5-star rating, comes in three beautiful colors, making it an attractive option for anyone looking to upgrade their living space. This sale not only highlights the quality of the product but also offers consumers a great opportunity to enhance their home decor without breaking the bank.
Bank of England survey shows credit availability rising in UK
PositiveFinancial Markets
A recent survey by the Bank of England indicates that credit availability is on the rise in the UK, which is a positive sign for both consumers and businesses. This increase in credit can stimulate economic growth, allowing individuals to make significant purchases and companies to invest in expansion. As the economy continues to recover, this trend could lead to more job creation and improved financial stability for many.
Portugal’s electricity regulator proposes 1% tariff increase for 2026
NeutralFinancial Markets
Portugal's electricity regulator has proposed a 1% increase in tariffs for 2026, a move that could impact consumers and businesses alike. This adjustment is part of ongoing efforts to balance energy costs and ensure the sustainability of the electricity market. While the increase is modest, it highlights the challenges faced in the energy sector and the need for regulatory measures to maintain service quality.
JPMorgan initiates Wacom stock with Overweight rating on improved profitability
PositiveFinancial Markets
JPMorgan has initiated coverage of Wacom with an Overweight rating, highlighting the company's improved profitability. This is significant as it reflects confidence in Wacom's financial health and growth potential, which could attract more investors and positively impact the stock market.
JPMorgan upgrades Jumbo Interactive stock to Overweight on diversification
PositiveFinancial Markets
JPMorgan has upgraded Jumbo Interactive's stock rating to Overweight, highlighting the company's successful diversification strategy. This move is significant as it reflects confidence in Jumbo's ability to navigate market challenges and capitalize on new opportunities, potentially leading to increased investor interest and stock performance.
Chrysos stock initiated with Buy rating by Goldman Sachs on PhotonAssay growth
PositiveFinancial Markets
Goldman Sachs has initiated coverage of Chrysos Corporation with a 'Buy' rating, highlighting the company's innovative PhotonAssay technology as a key driver for growth. This endorsement is significant as it reflects confidence in Chrysos's potential to revolutionize gold analysis in the mining sector, which could lead to increased investor interest and market performance.