{"id":321005,"date":"2024-05-28T11:59:53","date_gmt":"2024-05-28T16:59:53","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=321005"},"modified":"2024-05-28T13:21:35","modified_gmt":"2024-05-28T18:21:35","slug":"queens-casino-plan-on-life-support-as-ramos-declines-support","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/queens-casino-plan-on-life-support-as-ramos-declines-support\/","title":{"rendered":"Queens Casino Proposal on Life Support as Ramos Balks at Gaming Venue"},"content":{"rendered":"

Efforts by New York Mets owner Steve Cohen and Hard Rock International to bring a casino hotel to the area near Citi Field may be on life support after State Sen. Jessica Ramos (D-Queens) announced Tuesday that she won’t support legislation to change the parkland designation of Willets Point to allow a gaming venue.<\/p>\n

\"Queens
State Sen. Jessica Ramos (D-Queens). She won’t support the parkland redesignation of Willets Point for a casino. (Image: Spectrum News<\/em>)<\/figcaption><\/figure>\n

Acknowledging that she heard the voices of local business leaders and residents who opposed and supported the $8 billion Metropolitan Park<\/a> plan floated by Cohen, Ramos said that it\u2019s clear locals want more green space and recreation areas, but they shouldn\u2019t have to embrace a casino to get those amenities. However, she did propose a bill that would strip Willets Point of its parkland designation so Cohen and Hard Rock could build a convention center and hotel there.<\/p>\n

I have drafted an alternative alienation bill that strikes a balance and would Mr. Cohen and Hard Rock to build a convention center and hotel, and more than double the proposed open green space,\u201d said Ramos in a statement. \u201cThe parcel in question is in strategic proximity to LaGuardia Airport, and allows for visitors and tourists to feed into our vibrant food scene while addressing the consequence of climate change in the area. Mr. Cohen and Hard Rock would still make a profit, albeit less.\u201d<\/p><\/blockquote>\n

Cohen had been actively lobbying New York politicians and contributing to key Democrats, including Gov. Kathy Hochul (D) and New York City Mayor Eric Adams (D) to transform Willets Point into an entertainment destination with a gaming venue.<\/p>\n

Without Casino, Queens Project Likely Dead<\/h2>\n

It remains to be seen if Cohen and Hard Rock will move forward with Metropolitan Park with a casino out of the question. The odds are long that will happen.<\/p>\n

\n

Throughout the New York City-area casino bidding process, some contenders have cautioned the city that they don\u2019t have backup plans<\/a> and should they not be granted gaming licenses, they\u2019re unlikely to develop their proposed casino sites because, without gaming venues, such development wouldn\u2019t be economical.<\/p>\n<\/div>\n

That\u2019s almost assuredly true of Willets Point, which without the benefit of an integrated resort, could remain no more than a parking lot for decades to come.<\/p>\n

That is to say that while Ramos trying to find a balancing act between no development of Willets Point while eschewing a gaming venue is admirable, and the introduction of Senate Bill S9747 (SB S9747) is well-intentioned, that might not be enough to save the area from another lengthy run of going untapped.<\/p>\n

Potential Beneficiaries of Cohen, Hard Rock Misfortune<\/h2>\n

Where there are losers, there are winners, and should Cohen and Hard Rock declare that Metropolitan Park is dead without a casino, that would be to the liking of the other downstate casino bidders.<\/p>\n

\n

Assuming Cohen and Hard Rock are out of the picture, Genting, which runs Resorts World New York in Queens might benefit because it removes any reservations regulators might have about allowing two integrated resorts in the same borough.<\/p>\n<\/div>\n

Likewise, Las Vegas Sands could be a beneficiary of the death of Metropolitan Park because there has been speculation, albeit unconfirmed<\/a>, that affiliates of Hofstra University may have attempted to help Hard Rock thwart Sands\u2019 plans for a casino hotel at Nassau Hub in Uniondale.<\/p>\n","protected":false},"excerpt":{"rendered":"

Efforts by New York Mets owner Steve Cohen and Hard Rock International to bring a casino hotel to the area near Citi Field may be on life support after State Sen. Jessica Ramos (D-Queens) announced Tuesday that she won’t support legislation to change the parkland designation of Willets Point to allow a gaming venue. Acknowledging […]<\/p>\n","protected":false},"author":46,"featured_media":320617,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,61,86438],"tags":[81897,81901,86457],"acf":[],"yoast_head":"\nQueens Casino Plan on Life Support as Ramos Declines Support<\/title>\n<meta name=\"description\" content=\"Queens Casino Proposal on Life Support as Ramos Balks at Gaming Venue.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/queens-casino-plan-on-life-support-as-ramos-declines-support\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Queens Casino Plan on Life Support as Ramos Declines Support\" \/>\n<meta property=\"og:description\" content=\"Queens Casino Proposal on Life Support as Ramos Balks at Gaming Venue.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/queens-casino-plan-on-life-support-as-ramos-declines-support\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-28T16:59:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-28T18:21:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/05\/JR.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/queens-casino-plan-on-life-support-as-ramos-declines-support\/\",\"url\":\"https:\/\/www.casino.org\/news\/queens-casino-plan-on-life-support-as-ramos-declines-support\/\",\"name\":\"Queens Casino Plan on Life Support as Ramos Declines Support\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/queens-casino-plan-on-life-support-as-ramos-declines-support\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/queens-casino-plan-on-life-support-as-ramos-declines-support\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/05\/JR.jpg\",\"datePublished\":\"2024-05-28T16:59:53+00:00\",\"dateModified\":\"2024-05-28T18:21:35+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Queens Casino Proposal on Life Support as Ramos Balks at Gaming Venue.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/queens-casino-plan-on-life-support-as-ramos-declines-support\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/queens-casino-plan-on-life-support-as-ramos-declines-support\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/queens-casino-plan-on-life-support-as-ramos-declines-support\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/05\/JR.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/05\/JR.jpg\",\"width\":1280,\"height\":720,\"caption\":\"State Sen. Jessica Ramos (D-Queens). She won't support the parkland alienation of Willets Point for the purposes of a casino.(Image: Spectrum News)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/queens-casino-plan-on-life-support-as-ramos-declines-support\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Commercial Gaming\",\"item\":\"https:\/\/www.casino.org\/news\/commercial-gaming\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Queens Casino Proposal on Life Support as Ramos Balks at Gaming Venue\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Queens Casino Plan on Life Support as Ramos Declines Support","description":"Queens Casino Proposal on Life Support as Ramos Balks at Gaming Venue.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.casino.org\/news\/queens-casino-plan-on-life-support-as-ramos-declines-support\/","og_locale":"en_US","og_type":"article","og_title":"Queens Casino Plan on Life Support as Ramos Declines Support","og_description":"Queens Casino Proposal on Life Support as Ramos Balks at Gaming Venue.","og_url":"https:\/\/www.casino.org\/news\/queens-casino-plan-on-life-support-as-ramos-declines-support\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2024-05-28T16:59:53+00:00","article_modified_time":"2024-05-28T18:21:35+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/05\/JR.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/queens-casino-plan-on-life-support-as-ramos-declines-support\/","url":"https:\/\/www.casino.org\/news\/queens-casino-plan-on-life-support-as-ramos-declines-support\/","name":"Queens Casino Plan on Life Support as Ramos Declines Support","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/queens-casino-plan-on-life-support-as-ramos-declines-support\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/queens-casino-plan-on-life-support-as-ramos-declines-support\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/05\/JR.jpg","datePublished":"2024-05-28T16:59:53+00:00","dateModified":"2024-05-28T18:21:35+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"Queens Casino Proposal on Life Support as Ramos Balks at Gaming Venue.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/queens-casino-plan-on-life-support-as-ramos-declines-support\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/queens-casino-plan-on-life-support-as-ramos-declines-support\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/queens-casino-plan-on-life-support-as-ramos-declines-support\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/05\/JR.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/05\/JR.jpg","width":1280,"height":720,"caption":"State Sen. Jessica Ramos (D-Queens). She won't support the parkland alienation of Willets Point for the purposes of a casino.(Image: Spectrum News)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/queens-casino-plan-on-life-support-as-ramos-declines-support\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Commercial Gaming","item":"https:\/\/www.casino.org\/news\/commercial-gaming\/"},{"@type":"ListItem","position":3,"name":"Queens Casino Proposal on Life Support as Ramos Balks at Gaming Venue"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.","sameAs":["https:\/\/muckrack.com\/todd-shriber","https:\/\/www.linkedin.com\/in\/toddshriber\/","https:\/\/x.com\/etfgodfather"],"url":"https:\/\/www.casino.org\/news\/author\/todd-shriber\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/321005"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=321005"}],"version-history":[{"count":4,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/321005\/revisions"}],"predecessor-version":[{"id":321022,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/321005\/revisions\/321022"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/320617"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=321005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=321005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=321005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}