Billionaire hedge fund titan Steve Cohen is pursuing the rights to build a casino in Queens with the same zeal with which he has stockpiled the high-priced roster of his Mets, according to a report.
Cohen, whose net worth is valued by Bloomberg at $13.1 billion through his ownership of the Point72 Asset Management hedge fund, has hired an army of lobbyists to persuade local officials to grant him a license to operate one of three casinos planned for the New York City area.
“He has hired the best team that money can buy,” Warren Schreiber, who heads a Queens civic organization opposed to the casino, told Bloomberg News.
Cohen was the largest single donor to Mayor Eric Adams’s 2021 election campaign, pumping $2 million into outside PACs to support Adams in the Democratic primary, Bloomberg reported.
