New York & Tri-State + Outer + Hospitality | January 3, 2023

Thor Equities and its development partners are proposing a $3-bilion casino project for Coney Island

Thor Equities-Led Group Affirms Plan for Coney Island Casino Bid

Thor Equities, Saratoga Casino Holdings, The Chickasaw Nation and Legends jointly announced on Monday their plans to respond to New York State’s request for applications to operate a casino in New York City. The group plans to submit a comprehensive casino, hotel, and entertainment proposal for Coney Island.

In a joint statement, the group said, “For more than a generation, Coney Island has been waiting for a year-round economy that creates not just jobs – but careers. Our partnership is unique, combining unrivaled gaming expertise, an unsurpassed track record in entertainment, and a commitment to serving the local community like no other. We look forward to submitting our bid and setting a new standard in economic revitalization and resiliency for New York.”

Added Thor Equities COO Melissa Gliatta, “This is Brooklyn’s moment and we can think of no better place for a world-class entertainment destination than right here in Coney Island.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).