Saratoga Casino Holdings joins the hotel-casino project presented in New YorkTuesday, 6 July 2023
Saratoga Casino Holdings And The Chickasaw Nation join forces with Thor Equities with the aim of creating a land-based casino in New York, in the Coney Island area. The group will also include Legends as the company's leisure partner.
New York Casino Bid Rises
We are thrilled to partner with Thor Equities, Legends, and Global Gaming Solutions, two world-class organizations, to bring a friendly gaming and entertainment venue to Coney Island.
Very little information has leaked so far about this project, but it includes the construction of a large hotel with various leisure facilities as well as a dedicated casino section. The project is budgeted at $3 billion and aims to create nearly 2,500 jobs directs.
These are actually three casino licenses that will be issued by the governor of the state, Kathy Hochul , for the development of its region. The three casinos can be located anywhere in the southern part of the state, including the lower Hudson Valley and Long Island. These investors are coming together with the aim of taking advantage of this opportunity, which is expected to be issued soon.
In a press release, Saratoga Casino Holdings CEO Sam Gerrity , said he was delighted to partner with two “world-class” organizations.
« We are pleased to partner with Thor Equities, Legends and Global Gaming Solutions, two world-class organizations, to bring a friendly place for gaming and entertainment to Coney Island. . »
Global Gaming Solutions is the business arm of The Chickasaw Nation. Together, Global Gaming Solutions and The Chickasaw Nation operate more than 25,000 slot machines and other amenities, including:
- 💥 2,000+ hotel rooms
- 💥 + 30 restaurants
- 💥 Dozens of outlets
Moreover, The Chickasaw Nation also employs nearly 13,500 people. .
"We are currently enjoying excellent strategic collaboration with Legends in our field of WinStar World Casino and Resort . Our participation and involvement in this project reflects a desire to extend this relationship to other strategic partners like Thor and Saratoga,” said Global Gaming Board Chairman Bill Lance .
"We look forward to a successful partnership based on our strengths and commitment to develop a premier leisure destination that respects the history of the neighborhood and breathes new life into this symbolic place in the city of New York. We are eager to begin our collaboration with Legends - a renowned company based in New York - to achieve our goals."
An ever-growing list of suitors
Thor Equities joins a list of suitors vying for a casino license. Steve Cohen, owner of the New York Mets , is in discussion with Hard Rock about an offer in Queens. Wynn Resorts is proposing a casino in Hudson Yards, west of Manhattan. Furthermore, Caesars Entertainment is proposing a casino in Times Square.
The NY State Gaming Commission will release its Application for Candidacy (RFA) by January 6, 2023 . Once applications are submitted, they will be reviewed by the new NY Gaming Facility Location Board.