In a stunning turn of events, Steve Cohen’s bid to build a casino at Citi Field has suffered a major blow, leaving the future of the project uncertain. The billionaire hedge fund manager had been one of the leading contenders to win the bid to build a casino at the home of the New York Mets, but news of a potential conflict of interest has thrown a wrench in his plans.
According to sources close to the situation, it was recently discovered that Cohen has a financial stake in a competing casino project in the area. This conflict of interest has raised concerns among city officials and other bidders, who worry about the potential for unfair advantage should Cohen win the bid.
In response to these revelations, the New York City Gaming Commission has launched an investigation into Cohen’s involvement in the competing project. While the details of the investigation are still unclear, it is expected to delay the decision on the Citi Field casino bid indefinitely.
The news has sent shockwaves through the gambling industry, as Cohen’s bid was widely considered to be one of the strongest. With his deep pockets and vast experience in the financial world, many believed he had the resources and know-how to make the Citi Field casino a reality.
However, with the recent setback, the project’s future is now up in the air. Other bidders, including several major casino operators, are now scrambling to position themselves as the frontrunners in the wake of Cohen’s troubles.
Despite the uncertainty surrounding the project, city officials remain optimistic about the future of the Citi Field casino. In a statement released earlier today, Mayor Bill de Blasio expressed confidence that a suitable bidder would be found to bring the project to fruition.
“We remain committed to bringing a world-class casino to Citi Field,” de Blasio said. “While the recent developments are certainly concerning, we are confident that we will find a solution that works for all parties involved.”
As the investigation into Steve Cohen’s bid continues, the fate of the Citi Field casino remains uncertain. Stay tuned for further updates on this developing story.
