Steve Cohen, Jay-Z chase New York City casino license

Steve Cohen, Jay-Z chase New York City casino license

Article brief provided by New York Post
  • Michael Kaplan and Emily Smith, New York Post
December 19, 2022 8:37 PM
  • Michael Kaplan and Emily Smith, New York Post

Five of New York City’s billionaires are rolling the dice on gambling in the Big Apple.

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Each is vying for what is predicted to be a single license to open a legal casino in New York City. Technically, three licenses are on offer for downstate, but it is expected that two of the licenses will go to Genting Resorts World at Aqueduct and MGM-Empire City Yonkers (established, successful “racinos” which will further benefit from having table games such as blackjack and paigow poker).

Mets owner Steve Cohen, real-estate scion Stefan Soloviev, Gristedes CEO John Catsimatidis, Hudson Yards developer Stephen Ross and music mogul Jay-Z are all gunning for that license to win money.