Thor Equities and Its Partners Reveal Coney Island Casino Bid Details

Thor Equities and Its Partners Reveal Coney Island Casino Bid Details

A coalition led by Thor Equities has released the first renderings of what the property would look like in case of receiving one of the three NY casino licenses. The group, which also includes The Chickasaw Nation, Saratoga Casino Holdings, and Legends, said the official name of the project is The Coney, and its location is down by the shores of the island.

There are renderings that show The Coney towering above the fairground attractions by the beach and feature what appears to be a rooftop bar. The pictures also unveil that the property would host seasonal events such as Winter Wonderland, with an ice rink depicted on one of the renderings as it aims to be a year-round location.

According to the coalition, if the project is approved, it will boost the region’s economy, create year-round jobs, and bring high-class entertainment. Also the group hopes to put the area, which has been long-forgotten, back on the map and attract plenty of visitors every year.

As it was said in the group’s statement, the first renderings showed what’s possible if Coney Island — an iconic community that’d been a beloved destination for generations of New Yorkers and people worldwide — would be selected as a casino and entertainment venue.

It was also noted that the project’s revitalizing power would help drive a Coney Island comeback for a community that had lagged behind Brooklyn and the rest of New York City in several areas, including a higher poverty rate, unemployment rate, and higher rates of New Yorkers without health insurance.

Thor Equities-led coalition’s bid is the only one applied from the Brooklyn area, but the competition is still strong. A whole host of casino operators including Caesars, Bally’s, Wynn, MGM, Las Vegas Sands, and Mohegan have expressed interest in holding a license, with the request for proposals currently out.

In other news, Exacta Systems launches Everi’s first HHR games at Boston Billiard Club & Casino.

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