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Mets Want to Let it Ride

by Bill Chuck on February 5, 2013

The New York Post reports today that Mets’ team owners, Fred Wilpon and Saul Katz, want to build a Las Vegas-style casino next to Citi Field.

Through their development arm, Sterling Equities, Wilpon and Katz have put together a proposal to bring a casino with gaming tables and slots, a 500-room, full-service hotel, 1.8 million square feet of retail and other amenities to the Willets Point development site in Queens.

Although Sterling Equities wouldn’t directly operate or build the casino, any investment by the Mets’ owners in such a venture could raise eyebrows, considering Major League Baseball’s tough antigambling policies. The Southampton-based Shinnecock Indian Nation signed on to operate the casino.

The Mets owners are looking for ways to recoup some of the $162 million they lost following the Bernie Madoff Ponzi-scheme debacle.

A league spokesman said that MLB would “need to get all of the details of the agreement” and that it would ultimately be Commissioner Bud Selig’s call.

“This will be a place about fun — for families, sports fans and thrill seekers alike,” the proposal says.

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