In a surprising turn of events, New York Governor Kathy Hochul has denied allegations that she assisted billionaire hedge fund manager Steve Cohen in his efforts to open a casino in the state. The allegations, which were first reported by CDC Gaming Reports, have sent shockwaves through the political and gaming communities, as Cohen is known for his vast wealth and influential connections.
According to the report, Cohen, who is the founder of the hedge fund Point72 Asset Management, has been trying to secure a casino license in New York for several years. His efforts have been stymied by legal challenges and opposition from local communities, but it appears that he may have had some help from Governor Hochul.
Sources close to the governor have alleged that she has been working behind the scenes to smooth the way for Cohen to open his casino. They claim that she has been pressuring state gaming regulators to expedite the licensing process and has been using her influence to secure support for Cohen’s project.
However, Governor Hochul has vehemently denied these allegations, stating that she has always acted in the best interests of the state and its residents. In a statement released to the press, she said, “I categorically deny any involvement in assisting Steve Cohen or any other individual in their efforts to open a casino in New York. My only focus is on serving the people of this state and ensuring that any gaming operations are conducted in a fair and transparent manner.”
The governor’s denial has done little to quell the controversy surrounding Cohen’s casino efforts. Many are now calling for a full investigation into the matter, with some lawmakers even suggesting that Hochul should be impeached if the allegations are proven to be true.
In the meantime, Cohen’s plans to open a casino in New York remain in limbo. The state’s gaming regulators have not yet granted him a license, and it is unclear how the controversy surrounding Governor Hochul will impact his chances of success.
As this story continues to unfold, one thing is certain: the gaming industry in New York is facing a period of uncertainty and upheaval. And with Governor Hochul’s reputation on the line, the stakes have never been higher.