Mets’ Owner Cohen Receives Zoning Approval for Queens, New York Casino

Photo by Flickr, CC by-ND 2.0 (https://creativecommons.org/licenses/by-nd/2.0/)
Key Takeaways
- Cohen is one of about a dozen serious casino hopefuls
- The zoning approval still needs to be finalized by Mayor Eric Adams
- The project plans on building on 50 acres of parking lot space near Citi Field
New York Mets owner Steve Cohen had a major breakthrough in his effort to obtain one of the three New York casino licenses.
The City Council voted overwhelmingly to amend zoning regulations that would pave the way for Cohen’s project in Queens. The 41-2 vote with three voters abstaining now puts the baseball billionaire and his partner, Hard Rock Entertainment, one giant step closer to his goal of opening a casino.
New York Gov. Kathy Hochul is expected to announce the recipients of the licenses later this year.
An enormous victory for Cohen
Cohen’s plans would completely transform a 50-acre parking lot west of Citi Field, the Mets’ home stadium, into an entertainment complex fitted with a casino, a 25-acre public park, retail stores, restaurants, and a food hall.
The project would also take on the job of redeveloping the Mets-Willets Point subway station and improving roads and bike paths in the surrounding area.
Developers estimated the total cost of the endeavor to be $8 billion.
“From the very beginning we have been focused on creating something the community can truly be proud of,” Cohen said in a statement. “It’s time the world’s greatest borough gets the investment it deserves.”
The vote was needed to redesignate the use of the asphalt-laden land next to the Mets’ field that was technically classified as park space.
The Council’s Land Use Committee voted 9-0 in favor of the project, and the Council’s Zoning and Franchises Subcommittee voted 6-0 in support, both on Tuesday.
Closing in on a license
Approval from the City Council marks the penultimate stage of the Uniform Land Use Review Procedure (ULURP). The final step will be to receive approval from New York City Mayor Eric Adams.
Cohen and his team wanted to redefine the zoning for the Citi Field parking lot and receive approval to build on several nearby streets.
“This project is about more than building a new venue – it's about creating lasting job opportunities, transforming this area into a world-class destination, and elevating our local economy to unprecedented heights,” councilmember Francisco Moya said before the vote on Wednesday.
All five community boards that reviewed the plans signed their approval in November.
Then, Queens Borough President Donovan Richards declared his support for the project in December, two months after Metropolitan Park began the city review.
Richards is also on record supporting plans to turn a racino at Resorts World New York City in South Queens into a full-fledged casino, provided it can secure one of the three licenses.
Grant is an industry news expert who covers legislative news, financial updates, and general industry trends. As a veteran of the gambling industry, Grant has experience in the world of casinos, sports betting, and iGaming. As a former long-distance runner, he knows a thing or two about persistence and consistently holding himself to a high standard.
Related News

Australia Targets Gambling Influencers as Social Media Crackdown Intensifies
Australian regulators are turning their attention to social media influencers who promote gambling content online. As authorities continue efforts to combat illegal gambling and reduce gambling harm, influencers are increasingly finding themselves in the regulatory spotlight.

Andy Burnham odds-on favourite to replace Starmer as Prime Minister
Betting markets have moved quickly following Keir Starmer's resignation, with Andy Burnham installed as the clear favourite to become the UK's next Prime Minister.

87-Year-Old Robbed Casino Guest of $5,000 During A Bathroom Break
Senior citizen James N. Gallagher III allegedly swiped $5,050 in slot machine credits from another patron at Boyd Gaming’s Ameristar property in St. Charles.

BGC Rejects Claims Linking Members to Illegal Gambling Sites
The Betting and Gaming Council has dismissed allegations that some of its supplier members are providing games to unlicensed gambling websites, arguing that criminal operators are cloning legitimate products and stealing intellectual property.

South Africa's Online Casino Grey Market Faces Growing Regulatory Pressure
South Africa's online gambling laws continue to create confusion for players. While online sports betting is fully regulated, online casino gaming remains largely prohibited under existing legislation. As regulators increase their focus on consumer protection and compliance, pressure is mounting on the country's growing grey-market casino sector.

Pizza Hut Sold in $2.7 Billion Deal as Yum Brands Reshapes Portfolio
The transaction ends nearly five decades of Pizza Hut ownership under Yum Brands and PepsiCo.

FanDuel Predicts Expands Event Contracts Through Crypto.com Partnership
The agreement adds new sports and entertainment contract opportunities for users.

ACMA Blocks More Illegal Gambling Websites As Australia Tightens Enforcement
Australia's communications regulator has expanded its crackdown on offshore gambling operators, ordering additional illegal gambling websites to be blocked across the country. The latest action forms part of a broader effort to protect consumers from unlicensed operators that fall outside Australia's regulatory framework.

NBA to Name Winning Bidders for 12 European Teams Within 90 Days
The NBA is moving closer to launching a permanent European basketball league.

Wealthsimple and Kalshi Launch Predict App in Canada
Wealthsimple and Kalshi are launching Wealthsimple Predict this summer, giving Canadian investors regulated access to roughly 4,000 event-based contracts.

FBI Offers Reward for Help With Armed $1.3 Million Missouri Casino Robbery
According to public records, the robbery began with two masked individuals entering the casino. One held a handgun, and the other had a rifle.

Ireland expands gambling oversight with new anti-money laundering rules
Ireland has strengthened its approach to gambling regulation with a new national risk assessment and 30-point action plan.

German regulator investigates World Cup prediction market advertising
Germany's gambling regulator has launched an investigation into FIFA World Cup prediction market partner ADI Predictstreet.

Black market eyes £200m World Cup payday during FIFA World Cup
The Betting and Gaming Council has warned that illegal gambling operators could take up to £200m in bets during this summer’s FIFA World Cup.

BGC challenges tech platforms over illegal gambling threat
The Betting and Gaming Council has published an open letter to Britain's major technology platforms, urging them to do more to stop illegal gambling operators reaching vulnerable consumers online.

Little Caesars Owner Adds Gaming Division Ahead of Casino Purchase
“The formation of Ilitch Gaming marks a defining new chapter in the evolution of our gaming and hospitality business,” said Chris Ilitch.

Gambling Commission highlights AML risks and FATF preparations
John Pierce used the GAMLG Annual Conference to warn operators about persistent AML failings and prepare the industry for upcoming regulatory changes.

Las Vegas Visitor Wins $10.3 Million With $5 On a Slot Machine
An anonymous guest in America’s gambling capital hit a $10.3 million jackpot on an IGT Megabucks slot machine on Tuesday.

Gambling Commission targets illegal operators while exploring crypto future
Gambling Commission executive director Sue Young has outlined a tougher approach to tackling illegal gambling operators while signalling a willingness to explore crypto payments within the regulated market.

Does anyone really know how big the gambling black market is?
The gambling industry frequently cites concerns about black-market growth, but increasing VPN use is raising fresh questions about how accurately illegal gambling can be measured.

New Zealand Online Casino Licence Race Heats Up Ahead Of July Applications
New Zealand's new online casino market is edging closer to reality, with operators preparing to compete for one of only 15 available licences as the licensing process begins next month.

Circa Boss Derek Stevens Invites “Freddy” to Las Vegas Casino via Private Jet
Stevens also invited “Freddy” and his friends to a watch party at Stadium Swim, an aquatic viewing area that plays sports events on a massive screen.

Elon Musk Becomes World's First Trillionaire After SpaceX IPO
The SpaceX IPO dramatically increased Elon Musk's fortune and created new millionaires.

LIV Golf CEO Says League Remains on Track Despite Funding Questions
LIV Golf leadership remains confident despite uncertainty surrounding the league's long-term funding.

Canada's Historic World Cup Point Overshadowed by Empty Seats
Cyle Larin's late goal gave Canada a 1-1 draw with Bosnia in Toronto, their first World Cup point, but empty seats fueled ticket price backlash.

Chicago Mayor Wants Committee to Reinstate Recently-Scrubbed Video Gambling Ban
A spokesperson for the Mayor said on Friday afternoon that the committee would meet Monday to discuss an ordinance, but would not call for a vote.

iGB L!VE 2026 brings global iGaming industry to London
iGB L!VE returns on 1-2 July 2026, welcoming more than 15,000 industry professionals to London for two days of networking, innovation and discussions on the future of online gambling.

Flutter to leave London Stock Exchange as US focus grows
Flutter Entertainment has confirmed it will delist from the London Stock Exchange in August 2026, ending its dual listing structure.

BGC launches five-point plan to tackle illegal gambling black market, Wikimedia Commons CC BY 3.0
The Betting and Gaming Council has launched a new five-point strategy aimed at tackling the UK's growing illegal gambling market.

Canada's World Cup 2026 Betting Boom Fuels Gambling Ad Debate
Canadian bettors are set to wager big on World Cup 2026, but rising gambling ad exposure has officials weighing tighter rules.

Star Sydney Fined AU$10 Million as Regulatory Pressure Continues
Star Sydney has received another major regulatory penalty after NSW authorities imposed a AU$10 million fine over financial crime compliance failures and ordered an additional AU$5 million investment in monitoring technology.

Hard Rock Wins Casino Operator of the Year at SBC Awards 2026
Finalists included BetMGM, Caesars Entertainment, Oklahoma casino Choctaw Casino & Resort - Durant, FanDuel Casino and Rush Street Interactive.

Alberta iGaming Launches Just Days Before the World Cup Ends
Alberta's iGaming market opens July 13, just six days before the World Cup final, leaving operators little time to cash in on the biggest soccer betting event ever.

