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

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New York Lawmakers Want To Speed Up Casino Licenses

Two New York state lawmakers, Sen. Joseph Addabbo Jr. and Assemblyman Gary Pretlow - who were instrumental in getting online sportsbooks off the ground in New York - are pushing a bill to accelerate the timetable for awarding casino licenses in the New York City area. The proposed law would require bids to be submitted by July 31 of this year and…

Law ・ 22 May 2024

New York Post

State won't decide on casino licenses for NYC area until 2025

Don't bet on a Big Apple casino opening any time soon. State regulators said they won't decide on new casino licenses in the New York City area until late 2025 - a delay critics say deals the local economy a bad hand. The footdragging pushes out the over-under on the earliest a gaming facility could open in the metro area to some time in…

Law ・ 18 May 2024

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

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

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

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

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

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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

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…

Industry ・ 11 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

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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

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…

Travel ・ 04 January 2023

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

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

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

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