Hard Rock, Mets Owner Steve Cohen Get Final Green Light for Queens Casino
PositiveFinancial Markets

- The New York State Gaming Commission has granted Hard Rock International and Mets owner Steve Cohen a gaming license, paving the way for an $8.1 billion casino project near Citi Field in Queens. This approval marks a significant step forward for the ambitious development, which aims to enhance the local entertainment landscape.
- For Steve Cohen, this project represents a major expansion of his business interests beyond baseball, potentially transforming the area surrounding Citi Field into a vibrant entertainment hub. The casino is expected to attract visitors and generate substantial economic activity.
- The approval of this casino comes amid a broader trend of increasing gambling facilities in New York City, with two additional casinos planned in Queens and one in the Bronx. This surge in gaming establishments raises discussions about economic benefits, job creation, and concerns regarding gambling's social impacts, reflecting a complex landscape of opportunity and caution.
— via World Pulse Now AI Editorial System
