Originally written on The Other Paper  |  Last updated 11/16/14

The New York Mets owners are still reeling from the $162 million in losses they suffered in the Bernie Madoff scandal and, according to The New York Post, are betting that a casino built next to Citi Field would generate enough cash to recoup some of their money from the Ponzi-scheme mess. Fred Wilpon and Saul Katz — who have been pretty stingy with signing ballplayers over the past few years — want to build a Las Vegas-style casino on a plot of land next to the stadium and even offered the City of New York $100 million for stretch of land. That's more than the Mets' $93 million entire payroll this season. Live-dealer casino gambling is currently illegal in the state of New York, except on tribal lands, but that won't stop Wilpon and his company, Sterling Equities, from throwing the dice on a proposal that aims at building a huge casino with gaming tables and slots, a 500-room, full-service hotel with 1.8 million square feet of retail with a lot of other amenities to the Queens site. The Southampton-based Shinnecock Indian Nation signed on tho operate the casino, according to the  development team's proposal, which was first obtained by project opponents Willets Point United and NYC Park Advocates, reports The Post. "This will be a place about fun — for families, sports fans and thrill seekers alike," read the proposal. "It will attract millions of visitors from the New York area and around the world." Fun and visitors — two things that have been in short supply at Citi Field in recent years. Wilpon has a long way to go before anyone gets to double-down or punch a slot button on the city-owned patch of junkyard land — even if the idea has Mayor Bloomberg's blessing. Although Sterling Equities wouldn't directly build or operate the casino, you can bet Major League Baseball — with its tough anti-gambling policies — will be keeping a keen eye on the project. A MLB spokesman said that they would "need to get all the details of the agreement" and it would ultimately be Commissioner Bud Selig's call. Selig and Wilpon are longtime friends. I wonder how the Shinnecock operators will feel when the Atlanta Braves come to town.

GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
2 Comments:
MORE FROM YARDBARKER

MLB reportedly will try to show compassion to Josh Hamilton

Jon Gruden: Bears need to move on from Jay Cutler

Blue Jays OF tears meniscus in freak sprinkler accident

Death threats show why some fans take sports too seriously

Five bubble teams playing well heading into March

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Falcons release Steven Jackson

Bill Walton has some words of advice for Derrick Rose

Five under-the-radar National Player of the Year candidates

Judge overturns Peterson suspension; NFL to appeal

Dez Bryant's mother in 2012: Dez threatened to knock me out

Full offseason breakdown for all 32 NFL teams

Rex Ryan has truck with Buffalo Bills paint scheme

WATCH: Sidney Crosby catches teammate's stick in mid-air

WATCH: Vanderbilt coach tells own player 'I'll f-ing kill you'

Are the Kings willing to trade DeMarcus Cousins?

Johan Santana signed by Blue Jays to minor league deal

Leafs trade David Clarkson to Blue Jackets For Nathan Horton

Panthers acquire Jaromir Jagr from Devils

Russell Westbrook is surging into the MVP conversation

HBO picks up The Rock’s football series, ‘Ballers’

The key offseason moves for every MLB team

Giancarlo Stanton gets first-ever customized facemask

Ronda Rousey, Arianny Celeste have verbal sparring match

MLB News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

Bostick death threats show why some fans take sports too seriously

Russell Westbrook is surging into the MVP conversation

Five-round NFL Mock Draft

Key offseason moves for every MLB team

Rousey, Arianny Celeste get into it

Dallas sportscaster back with another powerful essay

The parallels of Rose and Hardaway

Offseason breakdown for all 32 NFL teams

On Josh Hamilton's addiction and feeling alone

Judge rules against AP's suspension

Why the Lions should let Suh walk

Chris Jones charged with rape, sodomy

Today's Best Stuff
For Bloggers

Join the Yardbarker Network for more promotion, traffic, and money.

Company Info
Help
What is Yardbarker?

Yardbarker is the largest network of sports blogs and pro athlete blogs on the web. This site is the hub of the Yardbarker Network, where our editors and algorithms curate the best sports content from our network and beyond.