Thor Equity Launches $3 Billion Bid For Coney Island Casino; New York Licensing Competition Fights

In 2013, New York authorities approved casinos in Brooklyn for the first time, and will now issue three casino licenses in Brooklyn starting in January.

The first two licenses are expected to go to businesses that already operate but do not have full casino licenses, such as Resorts World New York City in Queens and Empire City Casino in MGM in Yonkers. These two casinos currently offer e-gambling only.

For the third license, Thor Equity is one of the main competitors that partnered with Saratoga Casino Holdings, Legend and Chicaso Nation last week to receive support.

However, in addition to Thor Equities, there are many strong contenders competing for a third license, with The Related Companies working with Wynn on a Hudson Yards casino offering and SL Green, Manhattan’s largest landlord, working with Caesars Entertainment for the Times Square casino. Mets owner Steve Cohen is also reportedly in the casino licensing race near City Field and has discussed potential partnerships with influential Las Vegas casino owners.

Tor Equity, a real estate development, rental and management company, has made a $3 billion bid to build a new casino and entertainment venue on Coney Island, Brooklyn, backed by partners Saratoga Casino Holdings, Legend and Chicaso Nation. 경마사이트

Across the U.S., interest is focused on building casinos in densely populated areas such as Chicago, with the first casino accepted earlier this year and Bailey proposing a $1.7 billion casino and entertainment venue at the former Chicago Tribune Publishing Center. The site’s owner, Oak Street Real Estate Capital, will invest $300 million in casino construction.

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