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Monticello, ny -- the owner of the state's largest new casino -- built to help boost the catskills economy -- lost $58 million in its first. But resorts world catskills, roughly 85 miles northwest of new york city, has lost money every quarter since it opened in february 2018. Monticello, ny -- the owner of the state's largest new casino -- built to help boost the catskills economy -- lost $58 million in its first. The resorts world catskills in monticello has lost money every quarter since it opened in february. Photographer: the new york times. 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. Resorts world catskills, the $1 billion casino that opened in february, incurred a $58 million loss in the first six months of the year. 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