Casino plans for Mets ballpark and golf course Trump once ran among 3 awarded NYC gambling licenses

11 hours ago 2
FILE - In this photo provided by the Office of the Mayor of New York, Mayor Eric Adams, third left, participates in the ribbon cutting ceremony and sign unveiling of Bally Links, formerly Trump Links, at Ferry Point in the Bronx borough of New York, Thursday, Jan. 11, 2024.FILE - In this photo provided by the Office of the Mayor of New York, Mayor Eric Adams, third left, participates in the ribbon cutting ceremony and sign unveiling of Bally Links, formerly Trump Links, at Ferry Point in the Bronx borough of New York, Thursday, Jan. 11, 2024. Photo by Michael Appleton /AP

Article content

NEW YORK (AP) — The New York Mets’ ballpark in Queens. A Bronx golf course once operated by President Donald Trump ‘s company. A slot parlor on a horse racing track near John F. Kennedy International Airport.

Financial Post

THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY

Subscribe now to read the latest news in your city and across Canada.

  • Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
  • Daily content from Financial Times, the world's leading global business publication.
  • Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
  • National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
  • Daily puzzles, including the New York Times Crossword.

SUBSCRIBE TO UNLOCK MORE ARTICLES

Subscribe now to read the latest news in your city and across Canada.

  • Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
  • Daily content from Financial Times, the world's leading global business publication.
  • Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
  • National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
  • Daily puzzles, including the New York Times Crossword.

REGISTER / SIGN IN TO UNLOCK MORE ARTICLES

Create an account or sign in to continue with your reading experience.

  • Access articles from across Canada with one account.
  • Share your thoughts and join the conversation in the comments.
  • Enjoy additional articles per month.
  • Get email updates from your favourite authors.

THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.

Create an account or sign in to continue with your reading experience.

  • Access articles from across Canada with one account
  • Share your thoughts and join the conversation in the comments
  • Enjoy additional articles per month
  • Get email updates from your favourite authors

Sign In or Create an Account

or

Article content

The three disparate sites, located far from the tourist hub of Manhattan, will become the future homes of New York City’s first Las Vegas-style resort casinos.

Article content

Article content

Article content

The state Gaming Commission on Monday awarded the three projects licenses to operate in the lucrative metropolitan-area market during a meeting at a riverside park in upper Manhattan.

Article content

By signing up you consent to receive the above newsletter from Postmedia Network Inc.

Article content

The panel approved the licenses with the condition that the companies appoint an outside monitor to ensure they’re complying with state law and meeting the many promises and local investments they made to communities.

Article content

Brian O’Dwyer, the commission’s chair, said the state looked forward to casino projects’ promises of jobs, infrastructure investments and gaming revenue realized.

Article content

A handful of protestors opposed to billionaire Mets owner Steve Cohen’s casino plan stood up and shouted: “You picked a billionaire over New Yorkers! Shame on you!” as they walked out of the meeting.

Article content

Democratic New York Gov. Kathy Hochul has praised the projects, saying they could unlock billions for the state’s transit system and create jobs. Opponents complain that easy access to casinos will only increase gambling addiction.

Article content

The projects bested several other proposals that fell by the wayside during the high stakes competition.

Article content

Article content

Among them were three casinos proposed for Manhattan that were rejected by local boards, including a Caesars Palace in the heart of Times Square backed by rapper Jay-Z. A plan for a resort on Coney Island’s iconic boardwalk in Brooklyn was also defeated by local opposition, and MGM abruptly pulled out of the once-crowded sweepstakes, despite local support.

Article content

The state gaming commission was authorized to license up to three casinos in the New York City area after voters approved a referendum in 2013 opening the door to casino gambling statewide.

Article content

Four full casinos, all upstate, now offer table games. The state also runs nine gambling halls without live table games, many of them also miles away from Manhattan.

Article content

Monday’s decision, in some ways, was largely a formality. Millions of dollars in gambling revenues are already factored into the state budget.

Article content

A state panel charged with vetting the proposals for the commission also recommended awarding a license to all three remaining proposals earlier this month.

Article content

The Gaming Facility Location Board, in its written decision, argued that the region’s dense and relatively affluent population, combined with high tourism, would be able to support all three plans, despite their relative proximity to each other.

Read Entire Article