New York Mets owner Steve Cohen has agreed to submit a proposal with Hard Rock International to build a casino and entertainment complex that is expected to cost $8 billion, according to Bloomberg.
New York Mets owner Steve Cohen has agreed to submit a proposal with Hard Rock International to build a casino and entertainment complex that is expected to cost $8 billion,. The project, which would replace a 50-acre parking lot, will be next to Citi Field. The stadium, which is located in Queens, has been the home of the Mets since 2009.— is competing with more than other 10 applicants for a state license to build a casino in southern New York.
New York’s state legislature would be required to pass a bill for the land to be relinquished. In 2022, a similar piece of legislation was introduced but has yet to receive a vote from lawmakers. Cohen will also be required to receive approval from local elected officials to move forward with the project. If approved, he will need a New York gaming board to grant the coveted license.for September, up from $98.5 million for the month prior. The uptick stemmed from the start of a new NFL season. New York’s total sports betting handle reached $1.76 billion in September — representing a 60% increase month-over-month. Its operators reported a 9.2% hold for the month, a touch higher from 8.
A downstate casino offering is poised to contribute to New York’s gaming revenue. A casino in Queens is projected to generate roughly $1.9 billion in revenue annually, per Spectrum Gaming.Copyright © 1995 - 2023 CS Media Limited All Rights Reserved. If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on this website, we strongly recommend that you carefully check your local laws before doing so. It is your sole responsibility to understand your local laws and observe them strictly.
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