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City & State New York

How do you convince Manhattanites a casino will be good for their neighborhood?

Casino companies are used to having a house advantage. But in the bidding process for three downstate casino licenses, it's the local communities that those companies are hoping to call home that just might have the edge. Roughly a dozen casino companies and real estate developers are mulling or planning on bidding for one of three casino licenses…

Industry ・ 07 March 2023

Times Union

Saratoga Casino, partners seek NYC gambling license

SARATOGA SPRINGS - Saratoga Casino Holdings, along with its partners, are prepping to meet the first deadline in a series with the New York Gaming Commission to win a license for a $3 billion casino on Coney Island. The Saratoga Casino Holdings along with its partners Thor Equities, the Chickasaw Nation and Legends Global Planning, want to build a…

Law ・ 31 January 2023

Commercial Observer

New York City Casino Competition Heats Up: The Details

A downstate casino license in New York seems to be the ace of spades for developers, with five groups having made their plans known to compete for only three available licenses. However, the details of each project will depend upon a request for proposals expected to be issued by the New York State Gaming Commission before Jan. 6. Until then,…

Land-based ・ 05 December 2022

Propmodo

Do Casinos and Big Cities Mix? Some Major Real Estate Developers Think So

Thousands of miles east of Las Vegas, big-name developers are clamoring for a rare casino license in one of the most densely-populated cities in the country. A long-in-the-works set of licenses, which will cost at least $500 million each, are up for grabs in New York state, which has led to a rush of bids from companies including Manhattan's…

Land-based ・ 01 December 2022

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The New York Times

5 Things to Know About NYC-Area Casinos That May Be Coming

Whether New Yorkers are ready or not, casinos will soon be coming to the New York City area. Precisely how soon and how many remains to be determined. What we know now is that in April, New York State approved the issuance of three new casino licenses intended for the area. Technically, one or more of the licenses could be issued to a casino…

Law ・ 01 December 2022

World Casino News

Major Competition for NY License as Thor Equities invests $3 billion

Thor Equities, a real estate development, leasing, and management firm, has made a 3 billion dollar bid to build a new casino and entertainment venue at Coney Island, Brooklyn, with the backing of its partners Saratoga Casino Holdings, Legends and Chickasaw Nation. The race for a New York license: In 2013, New York authorities accepted casinos for…

Industry ・ 30 November 2022

Propmodo

Thor Equities Rolls Out $3B Bid For New York City Casino

Commercial real estate firm Thor Equities is the latest major developer to throw its hat in the ring for a casino license. The New York-based firm announced last week it has partnered with Saratoga Casino Holdings, Legends, and the Chickasaw Nation in a bid to develop a new casino and entertainment venue within Brooklyn's famed Coney Island. The $3…

Land-based ・ 29 November 2022

The Journal Record

Chickasaw Nation, partners propose Coney Island casino

The Chickasaw Nation hopes to play a part in opening a new chapter in the storied history of Coney Island in New York, known as the birthplace of amusement parks in the United States. The state of New York has planned to issue three new casino licenses in 2023, and the Chickasaw Nation has joined in a venture that has proposed development of not…

Industry ・ 29 November 2022

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The New York Times

Coney Island Has a Bit of Everything. Does It Need a Casino?

The Cyclone roller coaster. The boardwalk. The famous hot dogs. Not to mention the aquarium, baseball stadium and wide expanse of ocean beach. What more could Coney Island need? In the opinion of Joseph J. Sitt, a longstanding Coney Island landlord, the answer is a beachfront casino. On Tuesday, Mr. Sitt, the chief executive of Thor Equities, will…

Travel ・ 23 November 2022

The New York Times

Where Could a Casino Be Built in New York City? What We Know

For years, casino companies have salivated over the prospect of a casino in New York City, one of the last major untapped gambling markets in the United States and a global tourist destination anchoring a metropolitan area with about 23 million residents. They may soon get what they were looking for. In April, elected officials in Albany authorized…

New Year ・ 21 October 2022

Elite Sports NY

Thor Equities Planning Coney Island Casino Bid

Just a week after a board was formed to determine the location and siting of up to three downstate New York casinos, one real estate development firm is already making its intentions known. A source confirmed to ESNY that Thor Equities, a real estate development, leasing and management firm, will be submitting a "robust" bid to the New York casino…

Gaming Authorities ・ 12 October 2022

InvestorsObserver

Developers and Billionaires Are Lining Up for the Chance to Operate a New York City Casino

As the development of a New York City casino inches closer towards reality, the race is on to secure a license. New York state voters authorized the creation of seven casinos in 2013, and four upstate facilities opened in the first phase. Now the second phase is underway, and licenses for three casinos in the New York City area will soon be open…

Land-based ・ 05 October 2022

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Vegas Inc

5 things to know about 3 casinos that may be headed to NYC area

NEW YORK - Whether New Yorkers are ready or not, casinos will soon be coming to the New York City area. Precisely how soon and how many remains to be determined. What we know is that in April, New York state approved the issuance of three new casino licenses intended for the area. Technically, one or more of the licenses could be issued to a casino…

Gaming Authorities ・ 03 May 2022

The New York Times

5 Things to Know About 3 Casinos That May Be Headed for N.Y.C. Area

Whether New Yorkers are ready or not, casinos will soon be coming to the New York City area. Precisely how soon and how many remains to be determined. What we know now is that in April, New York State approved the issuance of three new casino licenses intended for the area. Technically, one or more of the licenses could be issued to a casino…

Gaming Authorities ・ 02 May 2022