Coney Casino developers strategize ideas to counter New York bid concerns

Article by : Charles Perrin Jan 24, 2024

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The developers behind The Coney project are growing increasingly confident of procuring one of the coveted casino licenses in downstate New York, but they are also covering all bases to address any potential worries.

Global Gaming Solutions and Saratoga Casino Holdings are part of the consortium willing to roll the dice on a $3 billion resort materializing in Brooklyn, and they have snuck up as a potential contender.

Indeed, the plan to place a brick-and-mortar casino on the Coney Island Boardwalk could make the Brooklyn seaside area a year-round destination to attract visitors.

So far, The Coney has garnered more than 10,000 signatures from residents in the area, and they have already received backing from a NYC Community Board in Brooklyn’s Community Board 11.

Indeed, Paul Pippin, who is Global Gaming Solutions’ Chief Operating Officer, is thrilled by the support the proposed casino has received so far, however, he admits they are taking nothing for granted.

He said: “We’re excited there’s momentum. We want to make sure we’re tackling the feedback and addressing their concerns.”

Among the main concerns with any prospective new casino revolves around claims that gambling could lead to an increase in crime rates, higher rents, and more property taxes levied.

Meanwhile, Saratoga CEO Sam Gerrity, admits continuing community conversations will ensure The Coney stays on the right path to satisfy the needs of the residents.

“It’s always been our desire to engage with the community. That’s paramount for us.

“It’s a two-way street. It’s extremely helpful for them to educate us on their biggest concerns.

“The more we can engage, the more we reach mutual solutions.”

The Coney developers have been conceiving ideas to counter any potential worries, and this includes expanding the parameters of its casino program that will enable resort guests to use at established restaurants and local shops.

Meanwhile, to alleviate any transport worries, Pippin and Gerrity have agreed that upon receiving a gaming license, they’d work with the MTA to create an established express subway service and improve ferry routes to and from Coney Island.

Approximately 10 casinos are vying for three New York City licenses, although MGM Resorts’ Empire City Casino and Genting’s Resorts World NYC are widely considered to be the frontrunners to obtain two of the allocated permits.

The Gaming Control Facility Board, who will select the winners, are fielding applications for the coveted licenses, which will cost a one-time upfront fee of $500 million.

For The Coney, their race still has a way to the run, but the noises emanating from its developers suggests they shouldn’t be discounted.