The consortium behind the proposal to build a casino resort on Coney Island released renderings of the future building and amenities if they win one of the three available downstate casino licenses.
Casino, Hotel, Convention Hall
The consortium comprising Global Gaming Solutions (GGS), Legends Global Planning, Saratoga Casino Holdings, the Chickasaw Nation, and Thor Equities revealed Friday their plans for the casino resort it would build on the island that is home to the team from Minor League Baseball (MiLB), the Brooklyn Cyclones.
Named “The Coney Island Casino Resort & Resort Entertainment District Brooklyn,” the project will build just steps away from the Brooklyn boardwalk and beach a new casino with a Las Vegas-style entertainment hall showing visitors performances by top entertainers, a sleek hotel behind the casino and a nearby convention hall to fill the void for a large venue for business events in southern Brooklyn.
The consortium including the co-founded by the New York Yankees and the Dallas Cowboys sports and entertainment firm, Legend Global Planning, initially announced its plans to apply for one of the state’s three available land-based casino licenses in upstate New York in November last year.
Commenting on the project, Robert Cornegy, a former Brooklyn councilman and a consultant with the consortium, outlined the seamless way the new buildings will “blend in with the boardwalk and streetscape,” adamant that the casino resort that, if approved, will appear in-between the aquarium and the Cyclones ballpark will supercharge the boardwalk.
The casino project will also create new jobs for the Coney Island area, serving as a display of the consortium’s “responsibility to bring economic development to underserved communities,” Cornegy pointed out.
Competition Will Be Strong
Gaining the approval for the Coney Island casino resort will be anything but a walk in the park as there is intense competition for the three available upstate casino licenses from other gaming operators, including Bally’s, MGM Resorts, the Seminole tribe, Wynn Resorts, and Caesars Entertainment.
Bally’s is proposing a casino on the Trump Organization’s public golf course at Ferry Point, MGM Resort is part of a consortium with Genting/Resorts World that is expected to submit a bid to expand their offerings to include table games, Mets’ owner Steve Cohen, is eyeing a casino near the team’s stadium in Queens, Wynn Resorts and the Steve Ross-Related Companies is vying for a casino at Hudson Yards, and Caesars, in partnership with the landlord SL Green is targeting a casino in Times Square.