"Cohen, who is teaming up with Hard Rock International, wants to turn 50 acres of parking lots near Citi Field into a casino complex that includes a 1,000-key hotel, a 5,650-person live music venue and 25 acres of green space. The team has billed the project as a way to turn the Flushing, Queens, ballpark into a year-round destination and to keep Mets fans onsite after games."
"With the number of casino contenders slashed in half, the real competition for a license in New York may boil down to two teams. Many consider existing slot parlors MGM Empire City in Yonkers and Queens Aqueduct Casino, operated by Resorts World to be shoo-ins for two of the three state casino licenses up for grabs. That leaves New York Mets owner Steve Cohen's Metropolitan Park and Bally's Bronx."
"The Bally's casino would be built on 16 acres of parking lots and practice-green area at Bally's Golf Links at Ferry Point. The project would include 500 hotel rooms and a 2,000-seat entertainment venue. The golf course is city-owned land, which is managed by Bally's. The company acquired the golf course's lease from the Trump Organization in 2023. If it secures a casino license, as part of that 2023 deal, it must pay Trump $115 million, according to the New York Times."
Two proposals, Steve Cohen's Metropolitan Park and Bally's Bronx, emerged as primary contenders after other proposals were eliminated. Existing slot parlors MGM Empire City and Queens Aqueduct operated by Resorts World are widely viewed as likely recipients of two of three state licenses. Metropolitan Park proposes a 50-acre complex near Citi Field with a 1,000-key hotel, a 5,650-person music venue and 25 acres of green space to create a year-round destination. Bally's proposes a 16-acre Ferry Point development with 500 hotel rooms and a 2,000-seat venue and would owe $115 million to the Trump Organization if licensed. The Gaming Facility Location Board must recommend winners by Dec. 1 and the state Gaming Commission plans to issue licenses by year-end, while the commission characterizes the process as open with no front-runners and may not award all three licenses.
Read at therealdeal.com
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