Committee listens to proposal for Coney Island, New York casino project
In the vibrant city of New York, a significant development is on the horizon. A joint group consisting of Thor Equities, Saratoga Casino Holdings, the Chickasaw Nation’s Global Gaming Solutions, and Legends Hospitality, have proposed a world-class casino and entertainment complex named "The Coney." The project, valued at a staggering $3.4 billion, aims to revitalise the iconic Coney Island area [1][2].
The complex, slated to include a 500-room hotel, a casino occupying about 25% of the footprint, a 2,400-seat entertainment venue, over 20 restaurants, a convention center, rooftop parkland, and various other amenities, is expected to create a substantial number of jobs in the Coney Island area [1]. Currently grappling with an unemployment rate of approximately 17%, four times the national average, the project is designed to address this issue directly [1].
The developers emphasise that the casino complex will help economically revitalise the area by attracting visitors year-round, rather than just seasonally [1]. While the exact number of jobs to be created has yet to be detailed, the project’s scale and community commitments—including a $200 million community trust fund for workforce development—indicate a major positive impact on local employment [3].
Construction is scheduled to commence in June 2026, with a targeted completion date of June 2029 [1][3]. The developers assure that the project is privately financed and “shovel-ready,” and includes investments in public safety and community enhancements to support sustainable economic growth [1][3].
The proposed development has been the subject of a meeting, the first of eight meetings with applicants for three downstate casinos. The prospective developers of the complex met with members of an advisory committee of the state gaming commission in Brooklyn [1].
The development news has been associated with Marvin Scott, WPIX-TV, who has been reporting on the project's progress. The project aspires to renew Coney Island, providing a much-needed boost to the area's economy and offering a new, exciting destination for both locals and tourists alike [1].
[1] - [News Source 1] [2] - [News Source 2] [3] - [News Source 3]
Casinos and gambling trends are set to reshape Coney Island's landscape, as a proposed casino complex in the area—dubbed "The Coney"—promises to introduce casino games, a 500-room hotel, an entertainment venue, and several restaurants, among other amenities. The project, which aims to address the area's high unemployment rate of approximately 17%, is expected to be a significant part of the growing casino-and-gambling culture, particularly in popular casino destinations like Las Vegas, and contribute to the revitalization of Coney Island's economy.
