Thor Equities’ Coney Island casino in major jeopardy
Industry insiders are skeptical of Thor Equities' proposed casino in Coney Island after community advisory committee members voiced opposition.
Thor Equities' proposed casino in Coney Island is facing major hurdles as three members of the community advisory committee have come out against the project, according to Crain's. With the scheduled CAC vote on September 29 and the deadline for approvals set for the following day, the project's fate hangs in the balance.
The opposition from City Council member Justin Brannan, Brooklyn Borough President Antonio Reynoso, and State Sen. Jessica Scarcella-Spanton is enough to potentially kill the project. Reynoso expressed doubt in the proposal, stating that it "failed to prove its worth" to the community.
Industry insiders are skeptical of the project's future, especially after other casino proposals in Manhattan were shut down by community advisory committees. With the CAC vote looming, it remains to be seen if Thor Equities can salvage their Coney Island casino.
https://therealdeal.com/new-york/2025/09/22/thor-equities-coney-island-casino-in-major-jeopardy/