New York Senate committee advances Cohen-backed Queens casino bill
A New York State Senate committee voted 4-3 in favour of a bill that would allow Steve Cohen to develop a casino and entertainment project beside Citi Field in Queens. The proposed project is valued at $8 billion, but Cohen still needs to secure a downstate casino licence; applications are due by 27 June, and the New York Gaming Commission plans to award up to three licences by the end of 2025.
The committee vote advances a proposed casino project but does not secure the licence Cohen needs to proceed.