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US – Thor Equities unveils renderings of The Coney Casino

By - 6 March 2023

Thor Equities, Saratoga Casino Holdings, The Chickasaw Nation and Legends, a consortium looking to bring casino gaming to New York’s Coney Island have released the first images of what the casino would look like if it wins one of three fully-fledged casino licences in New York.

Named as the Coney, the casino towers looms above the fairground attraction at Coney Island beach. As welll as a casino, there will be a roller coaster, an indoor water park, hotels and museums

The group stated: “The first renderings show what’s possible by selecting Coney Island – an iconic community that’s been a beloved destination for generations of New Yorkers and people worldwide – as a casino and entertainment venue. 

“The project’s revitalizing power will help drive a Coney Island comeback for a community that has lagged behind Brooklyn and the rest of New York City in several areas, including a higher poverty rate, unemployment rate, and higher rates of New Yorkers without health insurance. 

“The Coney, a brand new, state-of-the-art, year-round entertainment venue, will provide jobs and help jump-start the economic revival of the legendary neighborhood.”

Thor COO Melissa Gliatta added: “The Coney Island Casino is going to help revitalize an area in desperate need of a boost, and we are looking forward to sharing our vision for a year-round entertainment venue that’s going to create jobs and economic growth with the community and the rest of New York.”

Saratoga Casino Holdings runs the most successful racino in Upstate New York. The combined mastery of Saratoga Casino Holdings and The Chickasaw Nation will provide Coney Island with expertise in gaming, coupled with a deep understanding of the importance of meeting local community needs. Together, they will operate gaming in Coney Island. Legends, the venture’s entertainment partner, brings three decades of experience delivering in the New York, national, and global markets – ranging from stadiums to concert venues to conventions.

Thor Equities Group was founded in 1986 in New York by CEO and Chairman, Joe Sitt, a visionary investor, and developer who has successfully revitalized urban communities and properties across the globe for decades. As a Brooklyn native who was raised near Coney Island, Mr. Sitt holds a deep-rooted personal connection to the iconic neighborhood which has inspired his vision to bring in businesses to focus on local job creation and benefit the underserved community.

He said: “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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