{"id":57376,"date":"2025-12-01T17:36:09","date_gmt":"2025-12-01T17:36:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/57376\/"},"modified":"2025-12-01T17:36:09","modified_gmt":"2025-12-01T17:36:09","slug":"vote-to-approve-casinos-at-citi-field-aqueduct-and-ballys","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/57376\/","title":{"rendered":"Vote to Approve Casinos at Citi Field, Aqueduct, and Bally\u2019s"},"content":{"rendered":"

<\/p>\n

\n This rendering of Steve Cohen\u2019s plans for a casino in Queens could soon be a reality.
\n Photo: Metropolitan Park\n <\/p>\n

New York City has its casino winners: Barring any back-room high jinks or an act of God, we should soon see a casino at the Queens Aqueduct, the Bally\u2019s golf club in the Bronx, and Steve Cohen\u2019s megaproject next to Citi Field, where parking lots will be turned into parklets; concert halls; and a glassy, Hard Rock\u2013branded tower. The results were a bit anticlimactic \u2014 there were three licenses to give, and only three contenders remained by the time the gaming board met on Monday, giving them all the green light. (The only drama came from a brief interruption by protesters, chanting\u00a0\u201cShame on you!\u201d)<\/p>\n

<\/p>\n

\n A Bally\u2019s-branded casino in the Bronx.
\n Photo: HKS\n <\/p>\n

The Bronx casino will be welcome news to the president, who leased the land to Bally\u2019s and is on track to get a $115 million bonus when the casino gets its full license. (Bally\u2019s shares rose by 11.5 percent, per Bloomberg.) And Cohen, a hedge-fund manager and Mets owner, is another smiling billionaire this morning;\u00a0his Metropolitan Park fended off an 11th-hour lawsuit from the organizers of the U.S. Open.<\/p>\n

No slots will be played in Manhattan, where zero casinos won approval in earlier rounds of the licensing process, and Brooklynites will just have to dip over to the Aqueduct after\u00a0a Coney Island project, which faced intense local opposition,\u00a0also flopped.<\/p>\n

<\/p>\n

\n A rendering of the plans from Resorts World to build a casino next to the Aqueduct.
\n Photo: Courtesy of Resorts World\n <\/p>\n

This isn\u2019t the last vote \u2014 but the full state commission is \u201cexpected to follow the board\u2019s recommendations\u201d when that vote happens later this month, per the New York Times. The onetime licensing fees from each casino are expected to bring in $1.5 billion for the state. As for claims from each of the winners about future tax windfalls, jobs, and other assorted benefits for the state? Well, that\u2019s generally more of a gamble<\/a>.<\/p>\n

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