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Thor Equities, a real estate investment firm, is partnering with Saratoga Casino Holdings and the Chickasaw Nation to build a casino in Coney Island. Bally’s plans to develop a 500,000-square-foot gaming hall on the Bronx site, along with a 500-room hotel with a spa and meeting space, retail shops, a 2,000-seat event center, and two parking garages with capacity for up to 4,660 vehicles. The development would be spread across 16.75 acres on the public golf course at the park. Related Companies, a New York City real estate giant, and Wynn Resorts are looking to build a casino from the ground up in an undeveloped area of Hudson Yards, located on the Far West Side of Manhattan. Rolled out last June, the plan also includes $250 million in community reinvestment to support businesses and groups in Midtown and nearby Hell’s Kitchen. The Times Square plan involves redeveloping 1515 Broadway, an office skyscraper in the heart of Times Square by West 44th Street that has an existing Broadway theater located on the ground floor.
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Steve Cohen, the billionaire owner of the New York Mets, has floated the possibility of building a casino as part of an entertainment complex on the 50-acre asphalt parking lot next to Citi Field. According to Soloviev, the overall project is being dubbed “Freedom Plaza,” and it would also include the construction of a museum dedicated to democracy. The project, first reported by the New York Times, would not require major development and could be up and running within a year. According to reports, SL Green has also pledged to use a portion of the casino’s revenues to fund safety and sanitation improvements in Times Square. In February 2024, Resorts World rolled out a $5 billion expansion and redevelopment plan should it receive a full gaming license.
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