In this article, you will get all the information regarding Yankees and Mets owners competing for coveted NYC casino license
The owners of the Yankees and Mets are competing in a new kind of Subway Series.
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But it’s not bragging rights – the winner could end up with one of the city’s coveted casino licenses.
Legends, a firm partially owned and co-founded by the Yankees, is part of a consortium proposing a casino at Brooklyn’s famed Coney Island, along with developers Thor Equities, Saratoga Casino Holdings and the Chickasaw Nation.
One source said that the Yankees have about 25% of the Legends. Another quarter is owned by Jerry Jones, owner of the Dallas Cowboys.
The Legends’ other ventures include running the 1st World Trade Observatory, Circle Line, the Intrepid Museum, and the Major League Baseball Store.
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The Bronx Bombers entertainment conglomerate’s interest in southern Brooklyn’s Coney Island may raise a few eyebrows.
Coney Island is home to the Brooklyn Cyclones, the minor league team of cross-town rival Mets, and the borough was home to the capable Brooklyn Dodgers before the team moved to Los Angeles.
Meanwhile, Mets owner Steve Cohen is not standing idly by.
He has been trying for months to secure one of three downstate commercial casino licenses to be awarded next to Citi Field. He believes plans to open a 25,000-seat football stadium in Willetts Point help his cause, sources previously told the Post.
Cohen has been in discussions with potential casino partners, including the Hard Rock & Sands Hotel and Casino.
“Legends are involved in the entertainment part of the proposal that is being put together. I am confident there will be a proposal and it will be a winning proposal. I think Coney Island is the best of the five New York City boroughs for casinos.” Good location,” said James Featherstonehaugh, a longtime Albany lobbyist and a principal at Saratoga Casino, which is part of the consortium.
The Yankees declined to comment, referring questions to Legends Hospitality Group.
“Legends is proud to work with Thor Equities and our gaming partners Saratoga Casino and The Chickasaw Nation to bring a premier resort casino to Coney in New York,” said Bill Roda, president of Legends, in a statement released Tuesday. provide operational and experiential expertise.” island.”
“This incredible resort will be a world-class entertainment destination, featuring gaming, a variety of restaurants, and year-round entertainment for locals and tourists alike.”
Joe Sitt, founder and CEO of Thor Equities, said a casino would help “reclaim the legacy of Coney Island” and turn it into “a vibrant year-round destination for all to enjoy”.
Melissa Gliatta, chief operating officer of Thor Equities, said she enjoyed the competition.
“We’ve never been afraid of a fight. We’re badass. We believe in Coney Island,” Gilatta said, noting that Thor has been “committed to Brooklyn for a long time.”
“Yeah, you can put something in Manhattan, but does it need anything else? Coney Island needs this project. You really do make a difference. You get a chance to tell Coney Island’s story.”
Billionaire owner of the Mets and hedge fund Hon Cohen has donated money to aid Mayor Eric Adams and Gov. Cathy Hochul and her lobbying team have built relationships with elected officials in Queens to advance their interests.
Meanwhile, John Katsimitridis, the billionaire mogul who is developing rental apartments on Ocean Drive in Coney Island, said the area would be great for a casino if the city and state could get crime under control.
He said the Coney Island bid — and other bids for the casino — would be in jeopardy if the Albany polls don’t fix state bail laws.
“You need to make sure Albany fixes the bail law and New York City is safe and make sure you get violent repeat customers off the streets. I think it’s a deterrent to our city as a whole.” Maybe,” Katsimatidis said.
“I think the laws have to guarantee the safety of visitors and residents of New York City.”
Yankees and Mets owners competing for coveted NYC casino license
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