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The applicants must also meet all environmental and zoning requirements before the Gaming Facility Location Board reviews their plans. It is anticipated a final decision on the three licenses will come at the end of 2025. Yeet users will be able to deposit funds across multiple Ethereum-compatible chains, Bitcoin, and Solana. The council had a work session about the project in February and the planning and zoning commission discussed it earlier this month before voting on the rezoning Tuesday morning. The first and only town hall about the project was held Friday, less than a week before council would meet to finalize the rezoning.
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The four members of the commission to vote no on both proposals were Commission Chair Joshua Skinner, April Myrick, Fahad Ahmed and Daniel Denny, who said he was skeptical about approving a project before casino gaming is legalized. Some community members have been supportive of the project and mentioned the potential for jobs and an economic edge a casino could bring to the area. Visitors to the iconic Caesars Palace, one of the largest hotels in Las Vegas, can choose from among five towers of rooms, including high-end suites and villas.
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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. Still, The Coney project has had a difficult time winning over local residents. In January, local Community Board 13 recommended denial of the application, with residents skeptical that Thor Equities would come through with its promises of $200 million in community investment. The Midtown East proposal, which would also involve the construction of a new development, is led by real estate billionaire Stefan Soloviev and the Mohegan Tribe. It calls for a 1,200-room hotel, about 1,300 apartments, and an underground casino—all to go up just south of the United Nations headquarters.
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