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

Real estate developer Thor Equities has proposed plans to open a new land-based casino in Coney Island, New York, with backing from Saratoga Casino Holdings, Chickasaw Nation and premium experiences business Legends.


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 in excess of $3.0bn (£2.5bn/€2.9bn) and lead to the creation of 2,500 construction jobs, as well as thousands of permanent jobs when the casino opens.

Read the full story on iGB North America.