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The property will also feature a tiny homes village called “Tiny Town,” the return of the Chip’s legendary summer oasis “Bikini Beach,” and a replica of the “over-the-top” Big Engine Bar. A rezoning could grant the company the ability to develop the site even if no casino license is awarded. However, Thor simply doesn’t see any way to truly revitalize Coney Island from an economic standpoint without a gaming facility attracting visitors to the beach during the slow winter months.

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The planned casino marks what the company calls an “exhilarating” new chapter of expansion outside of South Dakota. Details on a specific timeline and location in Southern Nevada are still unannounced, but the Chip said the project is slated to open by 2028. Buffalo Chip Global announced plans Thursday for a new themed casino-hotel in Southern Nevada through a partnership with Mark Advent, the developer behind the New York-New York Casino & Hotel. At $7 billion, the casino would be joined by a 1,000-room hotel, restaurant, entertainment venue and 2,000 apartments. Freedom Plaza, however, has failed to win over locals, with Manhattan’s Community Board 6 voting 39-to-1 against the plan in January 2024. Unlike the Bally’s proposal, the Council approved the land use request to redesignate that parkland property in Queens for use as a casino.

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