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Monticello—the old gaming adage: “the house always wins,” doesn't apply yet to the hudson valley's only full-licensed casino gaming resort. But resorts world catskills, roughly 85 miles northwest of new york city, has lost money every quarter since it opened in february 2018. The resorts world catskills in monticello has lost money every quarter since it opened in february. Photographer: the new york times. Resorts world catskills in upstate new york delivered its parent company a nearly $140 million loss last year, as the integrated casino. Town of thompson - regional casinos like resorts world catskills face unprecedented coronavirus-related financial challenges. The days of new york state losing casino money to other states is over, i've officially declared it over. ” declared or not, the meadowlands. Monticello, ny -- the owner of the state's largest new casino -- built to help boost the catskills economy -- lost $58 million in its first. 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