• Loading stock data...
Thursday, July 10, 2025

Citi Field Needs Better Surroundings. The Mets Owner Wants A Casino

  • Team owner looks to transform oft-criticized stadium neighborhood
  • State legislators have approved up to three downstate casino licenses
Brad Penner-USA TODAY Sports

New York Mets owner Steve Cohen has made it clear he wants to transform the oft-criticized Queens neighborhood adjacent to Citi Field — and he thinks building a casino is the way to do it.

For years, the area has been dominated by a glut of auto repair shops, and Cohen envisions a casino as the center of a mixed-use development drawing fans before and after Mets games, similar to many other sports facility projects around the country.

“There’s nothing going on. The only thing you can do at Citi Field is get your hubcap changed or maybe get back a catalytic converter,” Cohen said at a Sportico conference. “The way I would describe it is 50 acres of cement.”

There is some additional development coming to the area with NYCFC’s separate plans to develop a $780 million soccer-specific stadium adjacent to Citi Field. But Cohen sees a potential opportunity in landing one of the maximum three casino licenses approved by legislators earlier this year for downstate New York.

“I have tons of ideas I want to implement,” he said. “You can’t spend an unlimited amount of money, so you’ve got to budget. And also, dealing with the underinvestment that I had to deal with coming in, I call it the money pit.”

Several other MLB teams have physical sportsbooks in or near their ballparks, including the Mets themselves at Citi Field. But a casino would be new for a major league ballpark setting.

Cohen’s expenditures also extend to the Mets’ record-setting payroll, which reached $344 million before a series of trade deadline moves amid a highly disappointing 75-87 season. The owner later apologized for the poor performance in an open letter to fans and pledged a “sustainable” future for the club.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Stephen Curry celebrates after sinking the winning putt during the final round of the American Century Celebrity Championship golf tournament at Edgewood Tahoe Golf Course in Stateline, Nev., Sunday, July 16, 2023.

Golf’s Hottest Celebrity Tournament Keeps Getting More Exclusive

The American Century Championship tees off at Lake Tahoe on Friday.
Jul 10, 2025; Wimbledon, United Kingdom; Iga Swiatek of Poland at her on court interview after winning her match against Belinda Bencic of Switzerland on day 11 at All England Lawn Tennis and Croquet Club.

Wimbledon Set to Deliver Strong Finals Matchup for ESPN

Novak Djokovic is still in the hunt for his 25th Grand Slam.
Oct 27, 2024; Philadelphia, Pennsylvania, USA; A general view of the Wells Fargo Center before game between Philadelphia Flyers and Montreal Canadiens.

New Philly Arena Will Redefine Home-Court Advantage, CEO Says

The forthcoming venue will arrive with plenty of ambition among its owners.

Jalen Williams Signs Max Deal As Thunder Commit $822M to 3 Stars

Oklahoma City also extended Shai Gilgeous-Alexander and Chet Holmgren.

Featured Today

Jun 28, 2025; Arlington, Texas, USA; Seattle Mariners catcher Cal Raleigh (29) bats during the game between the Texas Rangers and the Seattle Mariners at Globe Life Field.

The Torpedo Bat Business Is Still Going Strong: ‘Here to Stay’

Demand for the oddly shaped bats has stayed strong across the sport.
July 6, 2025

American Celebs Want to Be Sports Owners. Soccer Is Where They Start

As U.S. team prices climb, investors set their sights abroad.
July 5, 2025

Baseball’s Celebrity Row: Behind MLB’s First-Pitch Ritual

Often planned, sometimes spontaneous, the ritual throw is baseball’s celebrity row.
July 4, 2025

3,000 Hot Dogs, $20K in Prizes: Behind the Nathan’s Eating Contest

Nathan’s serves up thousands of hot dogs and $20,000 in prize money.
Alex Sarr

Wizards Pushing Limits of Youth With 11 Players on Rookie Deals

Washington’s 2025 first-round pick is top-eight protected.
Chelsea
July 8, 2025

Chelsea Club World Cup Run Banks at Least $100M for Mark Walter..

The Blues will likely take home between $100 million and $120 million.
July 9, 2025

From Dynasty to Disarray: Red Bull Fires Christian Horner

He served as Red Bull team principal for more than two decades.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class
July 8, 2025

Texas Sports Teams, Leagues Donate Over $5M to Flood Relief

NFL, MLB, and NBA teams in Texas donate to flood recovery efforts.
Chelsea
July 8, 2025

Club World Cup Semis Are Battle to Make Richest Soccer Final Ever

Semifinalists have each earned at least $60 million from the tournament so far.
July 7, 2025

Nationals Hit Reset Button, Oust Rizzo and Martinez Before Draft

The MLB club made major leadership changes just days before the draft.
July 6, 2025

Liverpool to Pay Diogo Jota’s $20M Contract to His Widow

Jota had two years remaining on his contract.