Steve Cohen Wins Approval for Casino Near Mets Stadium

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.

Cheryl McKissack Daniel, President and CEO of McKissack and McKissack, highlighted the persistent issue of bureaucratic red tape hindering construction in New York City during an interview on Bloomberg's 'The Close.' She noted that her firm is currently in discussions with the city's new mayor, who is reportedly aware of the necessary changes to improve the situation.

The New York State Gaming Commission has officially awarded licenses for three Las Vegas-style casinos in New York City, marking a significant expansion in the metropolitan gaming market. This decision is expected to enhance the city's entertainment landscape and generate substantial tax revenue.

Hedge fund manager Steve Cohen has received approval to develop an $8 billion casino complex adjacent to the Mets baseball stadium in Queens, New York City. This project marks a significant expansion of Cohen's business interests beyond his ownership of the Mets, as he aims to tap into the growing gambling market in the region.