Bloomberg Intelligence Steve Cohen, Bally’s Picked to Run Casinos in NYC
Dec 1, 2025
Join Randall Williams, a U.S. sports business reporter, who shares insights on Steve Cohen's new casino project next to Citi Field and how it reshapes the Queens sports landscape. Sam Fazeli, a senior pharmaceutical analyst, discusses Eli Lilly’s price cuts for its weight-loss drug, Zepbound, and competitor dynamics in the GLP-1 market. George Ferguson, an aerospace expert, highlights Airbus's production challenges and quality control issues impacting their A320 model. Lastly, John Butler outlines future growth strategies for U.S. telecoms as they face increased competition.
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Cohen's Vision: Sports + Casino Resort
- Steve Cohen plans a mixed-use resort around Citi Field combining the Mets, hotels, and a casino.
- Randall Williams says that integration creates a sports-owner playground that can drive significant local demand.
Plan For Delays On Big Developments
- Expect long, uncertain construction timelines for large casino-hotel projects.
- Randall Williams warns stakeholders not to rely on precise completion dates because such projects often run late.
Three Casino Licenses Reshape NYC Map
- New York approved three casino projects including Cohen's and expansions by Genting and Bally's.
- Paul Sweeney notes the approvals concentrate more gambling capacity into Queens and the Bronx.