#Thor Equities

Trip Pub

Las Vegas Sands eyes Nassau Coliseum site for new casino

There's a new entry in New York's high-stakes competition for one of three downstate casino licenses. Las Vegas Sands is looking to set up a multibillion-dollar casino at the Nassau Veterans Memorial Coliseum site on Long Island. The gaming juggernaut is the latest entry into the fray, joining about half a dozen other firms since Albany said it…

Industry ・ 14 December 2023

Trip Pub

No dice: Vornado backs out of NYC casino race

Vornado Realty Trust CEO Steven Roth revealed Tuesday that a New York City casino is likely not in the cards for the company. "It's highly likely that we will not pursue the casino license," he said on an earnings call. Real estate giant Vornado previously expressed an interest in entering the crowded bidding war for one of three casino licenses on…

Land-based ・ 01 November 2023

BK Reader

Coney Island Residents Oppose the Opening of a Casino

A resort with a luxury casino is proposed to be built on the sandy entertainment strip in Brooklyn. However, the residents of Coney Island are skeptical about it. This was revealed in a community engagement report from the office of Brooklyn Borough President Antonio Reynoso. The report was released on Tuesday. It was forty pages of printed text.…

Land-based ・ 09 September 2023

US Bets

Eleven New York Casino Bidders Wait For Answers

At some point in September - date to be announced - the New York State Gaming Commission will hold a meeting during which it may have answers to hundreds of questions posed by the 11 potential bidders for the state's three downstate casino licenses. "May" is the word of choice because this question-and-answer process started back in February, when…

Travel ・ 30 August 2023

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readsludge.com

Hochul Raises Casino Developer Cash Ahead of Licensing Decisions

A bidding war for New York City area casino licenses is underway, and New York Gov. Kathy Hochul and the state Democratic Party are taking large donations from the gaming companies and real estate giants developing pricey proposals, according to recently-released campaign finance filings. In the past two months, Hochul's fundraising committee…

Land-based ・ 20 July 2023

New York Post

Coney Island leaders not feeling lucky about casino plan

A pitch to build a casino and entertainment complex in Coney Island got losing snake eyes from community leaders who voted against a gambling joint along Brooklyn's historic beach and boardwalk. Community Board 13 members overwhelmingly passed a resolution rejecting the plan, 23 to eight - with the chairwoman saying she didn't want to turn Coney…

Politics ・ 01 May 2023

The Real Deal

Las Vegas Sands Inks Nassau Coliseum Lease

Las Vegas Sands has agreed to lease the land needed for its Long Island megadevelopment, which could include a casino. The company's deal would give Sands control of the Nassau Coliseum property in Uniondale for the next 99 years, Newsday reported. The agreement is the first in a litany of steps that could bring full-scale gambling to Nassau…

Politics ・ 29 April 2023

AMNY

Rolling the dice: A closer look at the 10 contenders seeking lucrative New York casino licenses

This story was reported by Timothy Bolger, Ben Brachfeld, Jada Camille, Aidan Graham, Carlotta Mohamed, Dean Moses, Bill Parry, Aliya Schneider, Robbie Sequeira and Ethan Stark-Miller. It was edited by Christian Murray and Robert Pozarycki. New Yorkers are bearing witness to a World Series of Poker-style showdown featuring ten bids involving some…

Land-based ・ 09 March 2023

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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

AMNY

NYC casino bidding war: Latest entrant pitches huge hotel and Ferris wheel near UN

Are you ready for a high-rollin', high-flyin' time near the UN? Yet another entrant has joined the field in the fierce bidding war for a casino license in New York City - this time led by a billionaire developer who also wants to construct a huge Ferris wheel on vacant land just south of the United Nations. The wheel is the centerpiece of a joint…

Land-based ・ 02 February 2023

New York Post

New York charging $500 million fee for NYC casino license

The operators awarded licenses to run any of the three New York City-area casinos will have to pay the state at least a $500 million fee for the chance at rolling the dice, according to new rules approved by a state siting board Tuesday. The New York Gaming Facility Board released the request for applications, which includes a rating system that…

Politics ・ 02 February 2023

The New York Times

Latest NYC Casino Bid Includes a Ferris Wheel Near the UN

After more than two decades, a developer's megaproject could finally take root at the sprawling, fallow site near the United Nations headquarters in Midtown. Its latest bid: a proposal for Manhattan's first Vegas-style casino. Soloviev Group, the longtime owner of the 6.7-acre plot, said on Tuesday that it will partner with Mohegan, the casino and…

Industry ・ 31 January 2023

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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

Markets Insider

Saks Fifth Avenue Makes Bid to Open Casino in NYC Flagship Store

Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Watch out, Las Vegas - Manhattan may become the country's next big gambling hub. Saks Fifth Avenue is throwing its hat in the ring for a coveted license to open one of New York City's first casinos. A source close to Hudson's Bay Company, owner of…

Industry ・ 14 January 2023

Politico

High rollers vie for New York casino in Times Square

But the real estate honchos promising pomp and circumstance - namely, Related Companies at Hudson Yards and SL Green in Times Square - have to overcome something their money can't buy: A handful of local politicians who not only don't care about the flashy proposals, but are turned off by Manhattan's years-long transformation into a playground for…

Politics ・ 14 January 2023

The Street

Saks Fifth Avenue Takes a Gamble on NYC Casino

Saks Fifth Avenue is feeling lucky. The iconic New York City department store, which opened its doors on September 15, 1924, is looking to get into the casino business. Hudson's Bay Company, the owner of the Saks Fifth Avenue department store chain, said it would bid with the state to convert the top three floors of its flagship store in Midtown…

Industry ・ 14 January 2023

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New York Post

Mets owner Steve Cohen seeks Queens input while eyeing casino bid

Mets owner Steve Cohen wants input from locals in Queens about the future of the property around Citi Field as he eyes submitting a bid to open a casino near the stadium. Cohen announced Monday he'll be hosting a Jan. 7 public "visioning session" at Citi Field in Flushing to discuss ideas to "re-imagine space" around the ballpark. "For months, we…

Travel ・ 14 January 2023

The New York Times

Saks Fifth Avenue Owner Unveils Plan for Casino at NYC Store

The race to build New York's first full-service casino is going upscale. Hudson's Bay Company, the owner of the Saks Fifth Avenue department store chain, said it would bid with the state to convert the top three floors of its flagship store in Midtown Manhattan into a Monte Carlo-style casino. The project is one in a growing list of bids to secure…

Industry ・ 13 January 2023

Yogonet

Las Vegas Sands reportedly exploring Nassau County as location for potential New York casino bid

Nevada-based casino and resort giant Las Vegas Sands is reportedly eyeing Nassau County for a potential casino application in New York, according to local media. The firm's interest in pursuing an opportunity in the Empire State follows a New York Gaming Facility Location Board vote on Tuesday that opened up the application process for three…

Law ・ 12 January 2023

The Real Deal

Las Vegas Sands Pitches Nassau Coliseum for New York Casino

Sensing opportunity, the Las Vegas Sands entered New York's casino sweepstakes, setting its sights outside of the city. The Sands entered into an agreement to purchase the long-term lease of the Nassau Veterans Memorial Coliseum site in Uniondale on Long Island, News 12 Long Island reported. Financial terms of the agreement, which requires further…

Bonuses ・ 12 January 2023

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Sands joins downstate NY casino race with multi-billion dollar Long Island bid

Las Vegas Sands announced Thursday it will bid for a multi-billion dollar casino at the Nassau Veterans Memorial Coliseum site on Long Island, New York. The company's move to pursue an opportunity in the Empire State follows a New York Gaming Facility Location Board vote earlier this month that opened up the application process for three downstate…

Travel ・ 12 January 2023

The Sports Geek

Steve Cohen Meets With Locals to Discuss Casino Plans

New York Mets team owner Steve Cohen met with more than 500 Queen residents last Saturday to solicit inputs on how to best develop the area around CitiField, including the possibility of bringing a casino to the Willets Point property. Cohen and the local community members talked about how to turn the long-dormant property into an all-weather and…

Industry ・ 10 January 2023

casinogamespro.com

New York State to Accept Gambling Companies’ Applications for Full-Scale Casino with $500-Million License Fee

On January 3rd, 2023, New York officials confirmed that the state's bid to hand out three operating permits for full-scale casinos will go as planned after they unanimously approved the beginning of the formal application process for gambling companies. Each of the licenses will cost at least $500 million. The Gaming Facility Location Board had a…

Live Gambling ・ 05 January 2023

World Casino News

New York's iGaming regulator is charging a $500 million fee for city casino license

Once licensed to operate any of New York state's three casinos, the operators are required to pay the state at least a $500 million fee for the gambling license, under new rules authorized by the state's site committee announced Tuesday. Request for applications: The filling was revealed by the New York Gaming Board, known as New York's iGaming…

Law ・ 05 January 2023

Yogonet

New York State officials approve rules for casino license bidding process

New York State officials have released the criteria they will use to determine how up to three new casino licenses will be awarded. The operators awarded licenses to run any of the New York City-area properties will have to pay the state at least a $500 million fee for the permits, according to the rules the New York Gaming Facility Board approved…

Industry ・ 04 January 2023

Casino Reports

Stefan Soloviev Eyes Downstate Casino License in NY

Yet another candidate has emerged who is interested in joining the New York State's casino industry, and his name is Stefan Soloviev. The real estate developer has expressed interest in one of the three available downstate casino licenses and has allegedly already started discussions with Las Vegas brands to potentially develop one south of the…

Industry ・ 30 December 2022

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

Vegas Slots Online

Jay Z Ties-up With Caesars for NYC Times Square Casino

The eleventh-hour interloper in the multi-corporation gold rush for just three downstate New York casino licenses has upped the ante by adding star power to its pitch. Jay-Z and his world famous entertainment agency, Roc Nation For their Times Square casino project, the New York Post revealed Sunday, Caesars Entertainment and New York property…

Industry ・ 05 December 2022

The New York Times

Related Companies and Wynn to Bid for New Casino in Midtown Manhattan

One of New York City's most prolific developers on Thursday announced that it was teaming up with a Las Vegas gambling giant to bid on a casino in Midtown Manhattan. The bid by Related Companies, the developer of Hudson Yards, and Wynn Resorts represents the first publicly announced bid for one of three new casino licenses open to city…

Law ・ 01 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

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

Times Union

Saratoga Casino, Yankees owners, Cowboys, Chickasaw tribe NYC casino license

SARATOGA SPRINGS - Saratoga Casino and Raceway is joining forces with a real estate investment group, a Native American tribe, and an affiliate of the Yankees baseball team to pursue a license to open what, if awarded, would be one of three full-service casinos in the New York City area in coming years. "We haven't put anything formally into…

Law ・ 30 November 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

iGaming Business

Thor Equities gains support for $3bn Coney Island casino bid in NY

Authorities in New York are expected to issue three downstate casino licenses in the coming months, with Thor Equities aiming to secure one of these permits to open the new facility within the popular entertainment area of Brooklyn. Though details of the casino are yet to be released, Thor Equities said the investment in the project would be worth…

Jobs ・ 26 November 2022

World Casino News

New York Yankees Roll Dice for new casino license

The competition is about to start - and all the interested sides are determined to win. New casino in New York: New York City is about to get one more casino, and many are interested in betting for the newest license. The casino will be placed on Coney Island, a famous Brooklyn neighborhood. Among the ones who are ready to roll the dice on the…

Travel ・ 23 November 2022

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

US Bets

New York Casino Board Adds Members As New Proposal Emerges

All five boroughs now have checked in with a plan to build a Las Vegas-style casino in their corner of New York City. Staten Island Borough President Vito Fossella is the latest official to make a pitch for one of the three downstate casino licenses that will be under consideration by the New York State Gaming Commission beginning this month. Since…

Gaming Authorities ・ 26 October 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

AMNY

Real estate and gaming giants eye new casino in Times Square

Times Square, the Crossroads of the World, might soon become the Crossroads of Craps. Two giants in real estate and gaming, SL Green and Caesars Entertainment, have announced a joint bid for a coveted once-in-a-lifetime license to build a casino in the nexus of New York City. If selected, their proposed gaming hall atop SL Green's skyscraper at…

Land-based ・ 21 October 2022

World Casino News

Thor Equities interested in New York City casino license

The process of bringing three casinos to the downstate area of New York continues, with a board formed and more companies showing interest in licensing. Just after board members were announced for the location and siting of the new casinos were named, a real estate development firm made known its interest in licensing. Thor Equities appears to be…

Land-based ・ 13 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

iGaming Brazil

Wynn teams up with developer to design the first 'Las Vegas-style' casino in New York

A major player in the Las Vegas gambling industry, Wynn Resorts has teamed up with New York real estate giant Related Companies - promoter of Hudson Yards - to bid for a casino in midtown Manhattan. The parties want to place a casino in the western half of Hudson Yards. The casino will be located near the Javits Center, in the western area of the…

Gaming Authorities ・ 21 September 2022

The Real Deal

Related Partners, Wynn Resorts to Bid for Hudson Yards Casino

Related Companies announced Thursday it will be partnering with Wynn Resorts in the first publicly announced bid for one of three new casino licenses open to city developers, the New York Times first reported. The casino would be located next to the Javits Center on the undeveloped western side of Hudson Yards, the mega-development by Stephen Ross'…

Travel ・ 16 September 2022

New York Post

NYC developers eyeing casinos for Hudson Yards, Times Square, Willets Point, Coney Island

New York City developers and gaming operators are putting their chips on the table in a frenzied bid for the right to open local casinos, including in Times Square and Hudson Yards, The Post has learned. Some of the other sites being eyed are Willets Point near the Mets Citi Field ballpark in Queens and Brooklyn's Coney Island, according to sources…

Politics ・ 25 July 2022

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