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Stock impact report

New York City Just Approved 3 Massive Casino Developments in Queens and the Bronx [Yahoo! Finance]

Live Nation Entertainment, Inc. (LYV) 
Last live nation entertainment, inc. earnings: 10/31 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The state Gambling Commission's decision today means that the group will be the first casinos operated legally in Manhattan in the modern era, Bloomberg reported. Cohen, a hedge funder that is also the owner of the New York Mets, submitted his $8.1 billion bid to build what will be called Metropolitan Park near Citi Field in Queens back in 2023. In addition to the casino, there will also be athletic fields, a renovated mass-transit station, a food hall, and 25 acres of public park space. Cohen is teaming up with Hard Rock International on the project, which is predicted to rake in $3.9 billion in revenue by its third year; the park is expected to open in 2030. “Since the day I bought the team, the community and Mets fans have made it clear to me that we can and should do better with the area around the ballpark,” the billionaire said in a statement . “Now, we are going to be able to deliver the sports and entertainment district that our fans have been asking for.” Bally's, meanw Show less Read more
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