The official name and image renderings for the proposed Coney Island casino have been released by the project’s bid group of Thor Equities, Saratoga Casino Holdings, Chickasaw Nation and Legends Hospitality.
Named ‘The Coney’, the project’s officials have claimed that the casino ‘will help revitalize Coney Island, bringing year-round jobs and world-class entertainment to Brooklyn and New York City’.
The casino will be located on the boardwalk and the beach as the statement adds that The Coney ‘seamlessly fits into the neighbourhood with a style fitting of Brooklyn’s only casino bid’.
The statement also says the project will ‘help drive a Coney Island comeback for a community that has lagged behind Brooklyn and the rest of New York City in several areas, including a higher poverty rate, unemployment rate, and higher rates of New Yorkers without health insurance’.
The Coney will also be a ‘year-round entertainment venue’ that will supply jobs and ‘help jump-start the economic revival of the legendary neighbourhood’.
Saratoga Casino Holdings and the Chickasaw Nation announced they had joined Thor Equities for the Coney Island casino bid in November last year, applying for one of three casino licenses on offer by the New York State Gaming Commission.
If The Coney casino project is successful with its bid for one of the three licenses, it will be required to pay a minimum capital investment and license fee of $500m each.
Other casino operators interested in acquiring a New York casino licence include Bally’s Caesars Entertainment, Las Vegas Sands, MGM Resorts, Mohegan Gaming and Wynn Resorts.