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Cohen has held meetings, including two visioning sessions, with the public to solicit feedback as to what to incorporate in his plans. According to Soloviev, the overall project is being dubbed “Freedom Plaza,” and it would also include the construction of a museum dedicated to democracy. The casino would be upscale and would be part of the newly created district that has been developed by the Related Companies that consists of office towers, high-end stores and luxury apartments. The company aims to create a Monte Carlo-style casino that will attract wealthy tourists from around the world. In February 2024, Resorts World rolled out a $5 billion expansion and redevelopment plan should it receive a full gaming license.
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The company plans to lease the county-owned facility that has remained largely unused since the coronavirus pandemic. Advocates say the casino would bring year-round foot traffic and transform Coney Island from a seasonal venue into a year-round entertainment area. Their proposal would feature a towering glass building overlooking the amusement park in the heart of the waterfront community. The structure, dubbed “The Coney”, would feature a new hotel just steps from the iconic boardwalk. Bally’s, a large gaming company that operates in Atlantic City, is looking to develop a casino at Trump Golf Links in Throggs Neck.
Resorts World’s expansion plan includes the creation of a new 50-acre park on the Aqueduct Racetrack site, as well as a 7,000 sq. 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. The ante to merely apply is $1 million, with successful bidders required to pay $500 million upfront for the license and at least $500 million as part of a development plan. Licenses will be good for a minimum of 10 years and a maximum of 30 years. Without question, the three winning bids will have the potential to reshape the socioeconomic landscape of the New York City metro area. Ten high rollers continue to vie for three lucrative full great rhino megaways licenses in downstate New York in a years-long race that evolved from a sprint to a marathon.
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