Back in November 2022 Saratoga Casino Holdings and Legends announced their partnership with Thor Equities to bid on a Coney Island Casino, dubbed The Coney, and brand new renderings have just been released by released by Thor Equities, Saratoga Casino Holdings, The Chickasaw Nation, and Legends.
Saratoga Casino Holdings is responsible for Upstate New York’s most successful racino, The Chickasaw Nation, a Native American tribe that operates thousands of hotels, electronic games and more, and Legends is a joint venture first founded with the New York Yankees and Dallas Cowboys.
On November 23, 2022 they announced their plans to “to submit a comprehensive casino, hotel, and entertainment proposal for Coney Island that [would] transform and create lasting prosperity for an important community.”
A press release writes that the $3 billion investment would turn Coney Island into a year-round destination “to bring Coney Island security and vitality for the next century,” ensuring the area’s economy wouldn’t have to rely as heavily on summertime visitors.
Bill Rhoda, President, Legends Global Planning, states that the resort would be a “world class entertainment destination, with gaming, a variety of restaurants and entertainment for locals and tourists year-round.”
The Coney is just one of several proposals for NYC casinos, including others in Times Square (which Caesars Entertainment and SL Green Realty Corporation are hoping to secure a license for), the Trump Organization’s golf course in the Bronx, and the area surrounding Citi Field in Queens.
Though these new Coney Island Casino renderings were jut released, experts don’t expect a decision on which bids will win one of the available casino licenses for downstate until sometime next year in 2025.