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

Bill Belichick gives understated scouting report of Tom Brady

Five teams that failed to improve this offseason

Steelers fans were more profane on social media

Seahawks praise Tom Brady's trash-talking ability

Richard Sherman's girlfriend talks possible Super Bowl baby

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

DeMarco Murray: I don't pay attention to being replaced

Bucs believed to be going for Marcus Mariota with No. 1 pick

Report: Wrigley Field renovation causing massive rat problem

Rex Ryan praises Patriots, calls Deflategate 'unfortunate'

Brady hopes Peyton Manning comes back next season

Report: Thibodeau’s relationship with Bulls 'beyond repair'

DeMarcus Cousins calls out writer for five-year-old tweet

What if Drew Bledsoe didn't get injured in 2001?

Who should make up the 2015 Hall of Fame class

WATCH: Porn sounds played during Predators broadcast

Five worst teams to win a Super Bowl

Matt Damon, Ben Affleck defend Patriots on Kimmel

Watch: John Oliver tackles the Super Bowl

The Washington Redskins and their forgotten dynasty

WATCH: Katy Perry cracks Deflategate, Marshawn jokes

Devon and Leah Still write a book for kids fighting cancer

Five potential heroes of Super Bowl XLIX

WATCH: Timberwolves throw shade at Kevin Love in promo

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

Cousins calls out writer's old tweet

Seahawks praise Brady's trash-talk

Who should be in 2015 HOF class

Five potential Super Bowl XLIX heroes

Rex Ryan downplays Deflategate

Brady hopes Manning comes back

The worst Super Bowl commercials of all-time

SB anthem, halftime performers through the years

Super Bowl should smash TV records

Super Bowl records unlikely to fall

15 amazing Super Bowl XLIX stats

Teammate: Manziel not a joke

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.