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New York & Tri-State  + Outer  + Hospitality  | 
Thor Equities and its development partners are proposing a $3-bilion casino project for Coney Island

Thor Equities Partnership Makes Bid for Downstate Casino License at Coney Island

Saratoga Casino Holdings, The Chickasaw Nation’s Global Gaming Solutions and Legends are joining Thor Equities’ reportedly $3-billion bid for a comprehensive casino, hotel and entertainment proposal for Coney Island. The partnership aims to secure one of the three downstate casino licenses that New York State will issue in the coming months. 

“New York will always be our home and we are thrilled to have the opportunity to reclaim Coney Island’s legacy and bring new economic possibilities to an iconic neighborhood,” said Joe Sitt, chairman of Thor Equities.  

He continued, “With our incredible partners, we are committed to creating lasting prosperity for a community and its residents and turn Coney Island into a vibrant year-round destination for all to enjoy. Together we have the track record across development, operations, gaming, entertainment, and job creation that is best suited to bring Coney Island security and vitality for the next century.” 

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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).

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