Billionaire Mets Owner Proposes $8B Casino In Queens

November 7, 2023 Business, New York City

The New York Post reports:

Steve Cohen has finally laid his cards on the table. The billionaire Mets owner finally unveiled his long-awaited Queens casino plan Tuesday — revealing a sprawling $8 billion gaming center, hotel, and music venue near Citi Field that he has dubbed “Metropolitan Park” after the team’s full corporate name.

The proposed entertainment playground, which will be operated with Cohen by Hard Rock International, also offers the community goodies such as 20 acres of green space and access to Flushing Bay. “It’s time the world’s greatest city got the sports and entertainment park it deserves,” said Cohen.

The Messenger reports:



Cohen, a hedge fund manager worth about $14 billion, has been eyeing a casino in the Citi Field vicinity for at least several months. The details of his proposal were released Tuesday morning as he competes with other applicants for one of just three state licenses to build a full-scale casino in downstate New York.

Earlier this year, New York State authorized three casino licenses for New York City, Long Island and Westchester. The proposed site sits on state-owned parkland, meaning Cohen would need all kinds of approval from local officials. Cohen, 67, bought the team before the 2021 season.

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