Originally posted on The Other Paper  |  Last updated 2/6/13

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
MORE FROM YARDBARKER

Report: Grizzlies want Kevin Durant in free agency

WATCH: Karl-Anthony Towns throws down monster dunk

Dos Anjos: McGregor will 'break like a girl' at UFC 196

WATCH: D'Angelo Russell hit in groin by LeBron pass

Kobe Bryant has great response to Tyronn Lue story

Report: St. Louis Blues no longer interested in Jonathan Drouin

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Doc Rivers: Warriors have 'swagger' of defending champion

Damian Lillard added as a finalist for 2016 U.S. Olympic Team

Celtics legend Paul Pierce prepares for what ‘could be’ his last game in Boston

Free-agent WR Josh Morgan accidentally shot himself, charged with crime

Jon Beason retires after nine NFL seasons

Brewers Association sends Peyton Manning case of craft beer

Fighter says sex before fight partly to blame for loss

Kevin McHale: James Harden being out of shape hurt Rockets early

WATCH: Kevin Love re-injures left shoulder

Johnny Manziel’s grandpa on ex-girlfriend: ‘The girl has her problems’

Andy Dalton reunited with missing luggage thanks to social media

Chad ‘Ochocinco’ Johnson used to soak his ankles in urine

Why Tom Thibodeau needs to be in New York

Defensemen in high demand as NHL trade deadline looms

Thank you Daniel Bryan

The timeless greatness of Jaromir Jagr

Security guard indicted for assaulting University of Houston football fan

The LeBron-Kobe rivalry and Finals matchup that never was

Mario Williams recognizes Bills may release him

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

Thank you Daniel Bryan

The timeless greatness of Jaromir Jagr

The NCAAB power rankings

Report: Kings to keep coach George Karl

Was Alain Vigneault right about NHL's lack of punishment towards Wayne Simmonds?

Report: Knicks fire coach Derek Fisher

The best and worst commercials from Super Bowl 50

Best and worst from Super Bowl 50

Six best plays from Super Bowl 50

Eli doesn't look thrilled as Peyton wins Super Bowl

Today's Best Stuff
For Publishers
Company Info
Help
Follow Yardbarker