One of those would be to acquire the approval for the annexation of its land due to its proposed site being state-owned property. Cohen and Hard Rock would have to overcome several other challenges to acquire a license to develop and launch the US$8-billion casino plan titled the Metropolitan Park. However, experts are worried that the state could slow down the process to 2025. ![]() Initially, the licenses were on schedule to be issued by the end of 2023 or early 2024. Cohen’s net worth is estimated to be over US$19.8 billion and he will be competing with more than 10 other applicants for a full-scale commercial license in downstate New York. The project is estimated to be worth US$8 billion and it would replace a 50-acre parking lot. For the project, the billionaire has partnered up with Hard Rock International, and the two will submit a proposal for one of the available downstate casino licenses. Owner of the New York Mets, Steve Cohen is looking to launch a casino next to Citi Field in Queens.
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