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The property would also include boutique shops, two luxury hotels, a live entertainment venue, a conference center, and open space, in addition to a casino taking up less than 10% of the footprint. The three Manhattan casino proposals, meanwhile, are filled with the kind of glitz and glamor that captures the imagination and may prove to be offers too good for the state to refuse. In February 2024, Resorts World rolled out a $5 billion expansion and redevelopment plan should it receive a full gaming license. The developers, however, must first win the support of the local community where their plan is proposed.

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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 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 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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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.

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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.

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Yet the race for all three downstate licenses is wide open — and nothing is a sure bet in the fierce competition full of big ideas and visions with billions of dollars at stake. Ten high rollers continue to vie for three lucrative full casino licenses in downstate New York in a years-long race that evolved from a sprint to a marathon. Santee Development Corporation estimates the development of the casino and resort to bring over 4 million annual visitors from in and out of state. No Sands Corp. representatives spoke during Thursday City Council meeting. Instead, an assistant city manager relayed the company’s earlier request to remove the gambling elements from the proposal.