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Bally’s plans to develop a 500,000-square-foot gaming hall on the Bronx site, along with a 500-room hotel with a spa and meeting space, retail shops, a 2,000-seat event center, and two parking garages with capacity for up to 4,660 vehicles. The development would be spread across 16.75 acres on the public golf course at the park. The Empire City Casino, which is 15 miles from Times Square, has attributes similar to those of Resorts World and operates thousands of slot machines.
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- Boekenheide’s presentation before City Council members largely echoed what he showed planning and zoning commissioners Monday, but he took time at the end to respond to concerns raised and allegations made against the company.
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The Midtown East proposal, which would also involve the construction of a new development, is led by real estate billionaire Stefan Soloviev and the Mohegan Tribe. It calls for a 1,200-room hotel, about 1,300 apartments, and an underground casino—all to go up just south of the United Nations headquarters. Both Resorts World NYC and MGM Empire city are likely to have little community resistance, pundits say, and would be able to convert to a full casino relatively quickly. Furthermore, they have the infrastructure needed for expansion, with parking and access to highways.
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Without question, the three winning bids will have the potential to reshape the socioeconomic landscape of the New York City metro area. Currently, only video lottery terminal (VLT) wagering is available in this region at places like Resorts World New York City Casino at Aqueduct Racetrack and MGM Empire City at Yonkers Raceway — with the parlors helping to support the horse racing industry statewide. In order to make this happen, the group is working with legislators to get a bill passed to amend the South Carolina Code of Laws. It aims to establish the ‘South Carolina Gaming Commission’ to award casino licenses in certain counties. A handful of speakers supported the zoning change, but those who did highlighted the potential economic benefits of the Sands Corp. proposal.
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The structure, dubbed “The Coney”, would feature a new hotel just steps from the iconic boardwalk. Thor Equities, a real estate investment firm, is partnering with Saratoga Casino Holdings and the Chickasaw Nation to build a casino in Coney Island. Bally’s, a large gaming company that operates in Atlantic City, is looking to develop a casino at Trump Golf Links in Throggs Neck. Cohen has held meetings, including two visioning sessions, with the public to solicit feedback as to what to incorporate in his plans.
The license would merely be an expansion with new restaurants and entertainment facilities, and not a project that has to be built from the ground up. The applicants must also meet all environmental and zoning requirements before the Gaming Facility Location Board reviews their betkong plans. It is anticipated a final decision on the three licenses will come at the end of 2025. Like an exclusive, high-stakes game of Texas Hold’em, the process has been reserved for the uber-wealthy — with an applicant needing more than $1 billion just to be in the running.
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The amended zoning proposals with no gambling portion passed in two separate 6-3 votes. Another factor, he explained, was the uncertainty of when or if gambling would be legalized in Texas. The Texas Legislature would need to vote to send a constitutional amendment to voters state-wide for consideration.
