New York City Moves a Step Closer to Landmark Casino Development
The long-anticipated Coney Island casino project has advanced significantly as the New York City Planning Commission officially approved the proposal, clearing a critical regulatory hurdle. The approval propels the project into the next phase, edging closer to a formal bid submission to the New York State Gaming Commission as part of the state’s initiative to issue three downstate casino licenses.
The project, spearheaded by a consortium including Thor Equities, Chickasaw Nation (Global Gaming Solutions), Legends, and Saratoga Casino Holdings, envisions a $3 billion world-class entertainment complex. This will include not only a casino but also hotels, restaurants, performance venues, and community spaces—all located at the historic Coney Island boardwalk.
Local Economic Boost and Job Creation
Backers of the project argue that the casino will revitalize South Brooklyn, generating approximately 4,000 permanent jobs and 15,000 construction jobs. According to economic projections shared by the developers, the project could bring in $5 billion in economic output over the next decade and significantly enhance tourism footfall to Coney Island—traditionally known for its amusement parks and seaside attractions.
Community Concerns and Oversight
Despite Planning Commission approval, the project faces mixed public sentiment. Community stakeholders have raised concerns about gambling addiction, crime, and impacts on local infrastructure. In response, the developers have pledged robust community investment, including commitments to problem gambling programs, enhanced policing measures, and infrastructure upgrades.
Furthermore, before a formal casino license can be awarded, the project still needs endorsement from the six-member Community Advisory Committee (CAC) and the City Council—critical components in New York’s competitive casino licensing process.
With this approval in hand, the Coney Island consortium positions itself as a serious contender in the fierce race for one of New York’s coveted downstate casino licenses.
