Steve Cohen, Bally’s, Genting Picked to Run Casinos in NYC

New York Mets owner Steve Cohen won approval to operate a casino next to Citi Field in Queens, one of three projects the state gaming commission’s facility location board selected for gambling licenses in New York City.

Cohen, the hedge fund mogul who submitted an $8 billion casino proposal with partner Hard Rock International, was picked alongside Genting Group’s Resorts World and Bally’s Corp. Genting proposes to expand a casino next to the Aqueduct racetrack in Queens, while Bally’s plans to operate a gaming facility at the site of a Bronx golf course previously developed by President Donald Trump. Bally’s shares jumped as much as 11.5% before paring gains to about 1%.