Thor says it’s aiming to bring jobs and cash flow to the southern Brooklyn enclave, which sees its boardwalk become a ghost town during the winter months. Times Square, for example, already has an abundance of entertainment attractions, according to Gliatta. It is, after all, the home neighborhood of Thor Equities Chairman Joe Sitt and what they believe is the most appropriate place for a casino in the five boroughs. Thor has been amassing property in Coney Island - 5 acres between Stillwell Avenue, West 12th Street, Surf Avenue and Wonder Wheel Way - for over 20 years, Gliatta said. Melissa Gliatta, chief operating officer at Thor, believes the firm could provide to Coney Island - usually a seasonal destination for New Yorkers - a year-around attraction to an underserved neighborhood. 22 that it is bringing on Saratoga Casino Holdings, The Chickasaw Nation and Legends in a plan for a $3 billion gambling house in Coney Island, Brooklyn.

Thor Equities, for example, announced Nov. Some of the requirements for the commission to approve a casino application, as of an April 2022 version of a 2013 law, include obtaining public support from community advisory committees and compliance with state and local zoning.Īlthough the law allowing for four upstate and three downstate casinos was passed nine years ago, there was a 10-year delay in granting the ones downstate to provide a competition-free grace period to the upstate facilities.Īnd the application fee? It’s not cheap, coming with a price tag of $1 million. SEE ALSO: Longpoint’s Dwight Angelini on Buying an Infill Industrial Portfolio in South FloridaĪs Kenny “The Gambler” Rogers famously said, among other things, “If you’re gonna play the game, boy, you gotta learn to play it right.” So developers such as the Related Companies, SL Green (SLG) Realty and Thor Equities have been stacking their bench with gaming partners to help them win one of those three downstate licenses.

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