Major Competition for NY License as Thor Equities invests $3 billion
Thor Equities has made a 3 billion dollar bid to build a new casino and entertainment venue at Coney Island, Brooklyn.
New York authorities accepted casinos for Brooklyn for the first time in 2013. They are expected to issue three Brooklyn’s casino licenses starting in January. The first two licenses are predicted to go to operators that are already operating but do not have a full casino license. Thor Equities is one of the main contenders for third license, but there are also competitors.
The proposed Coney Island casino by Thor Equities would incorporate a roller coaster near the Cony Island boardwalk, an indoor water park, multiple hotels and museums.
Thor Equities invests $3 billion in NY license. Chicago's first casino was accepted earlier this year. Bailey proposed a $1.7 billion casino and entertainment venue in the former Chicago Tribune publishing center. Oak Street Real Estate Capital will invest $300 million in construction of the casino.
Thor Equities invests $3 billion in a U.S. casino industry. The industry is growing fast in the U.,S., and many cities rely on casinos for economic development and job growth.