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Council approved the amended zoning proposals with no gambling portion in two separate 6-3 votes.
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Yeet.com, a new crypto casino and sportsbook, today announced it has raised $7.75 million in a funding round led by crypto venture fund Dragonfly, with participation from notable angel investors like Pudgy Penguins CEO Luca Netz and LayerZero CEO Bryan Pellegrino. The company plans to lease the county-owned facility that has remained largely unused since the coronavirus pandemic. Their proposal would feature a towering glass building overlooking the amusement park in the heart of the waterfront community.
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Rolled out last June, the plan also includes $250 million in community reinvestment to support businesses and groups in Midtown and nearby Hell’s Kitchen. Public comments stretched into the early hours of Tuesday morning, with some residents voicing strong objections and others supporting the economic potential of the project. Despite the discussion, any recommendation made Monday night will still require approval from the Irving City Council on Thursday. “In that community of that size, where are the people going to come from? And that again could change the dynamics of the community, but that’s true for every community.
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- An official with University of Dallas, which would neighbor the resort, was among those to voice concerns about the plans.
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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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Las Vegas Sands drops gambling from zoning request
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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. The bidders include some of the state’s wealthiest interests, often in partnership with major gaming outlets across the country — stretching from Connecticut to Las Vegas.
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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 playtsogo bonus code 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.
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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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