New York Mets owner Steve Cohen is in discussion with Las Vegas Sands about bringing a new casino next to the Mets ball park, Citi Field.
The talks are reportedly preliminary, according to sources who were given anonymity because the matter is private. New York is in the early stages of considering a gaming expansion in the New York City area although that plan still needs to go through a series of regulatory and legislative approvals.
NY Gauging Interest in Awarding Three Casino Licenses
Earlier this month, the New York Stat Gaming Commission issued a 14-pag request information to gauge interest in the three unawarded casino licenses around New York City in a move considered to be a precursor to the opening a formal bidding process.
Cohen is interested in bringing sports betting to the Mets fans but with New York only allowing legal sports betting via land-based casinos, he needed a partner to bring him one . The Mets own Citi Field which is located adjacent to the site of the team’s’ former ball park-Shea Field. If he can pursue Las Vegas Sands to put a gaming property near it, that would be huge for both companies.
LVS Long Rumored to be Eyeing New York
Las Vegas Sands has long been rumored to be eyeing to enter the Big Apple gambling picture. In fact, that plan was reportedly signed off by Sheldon Adelson before he passed away. Building a casino near a sports stadium in New York city would be an enticing proposition for LVS which currently lacks exposure in the United States.
Earlier this year, the company sold its Las Vegas assets to Apollo Global Management and VICI Properties for $6.25 billion. Las Vegas Sands’ efforts to bring an integrated resort to Texas languished as lawmakers there didn’t prioritize the matter in their last legislative assembly. LVS was also linked to the potential construction of a gaming property in Jacksonville but that rumor died down after a few months.