Posted on: September 03, 2025 04:53 PM

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Silverstein is gaining foothold over Cohen in NYC

It's 10 billion vs 8 billion.

A long time legend named Silverstein Properties is gaining foothold for the one of three licenses for that casino in downtown NY ahead of Flushing location. Their budget is $10 billion compared to $8 billion for Flushing.

As of now, the current lead goes to Resorts World in South Ozone Park and MGM Empire City in Yonkers to keep the operation going with existing players. The next one most predicted is Cohen and Flushing CitiField but the West Side Manhattan calling the casino, Avenir. Silverstein has a large presence in real estate around Manhattan including the World Trade Center. Despite opposition, one part of the area is a prime spot for easy access including tourism.

The latest report confirms that seven of the Community Advisory Committees (CACs) for the eight applicants have held the first of their two mandated public hearings. Next Tuesday at the Queens Borough Hall will have a public hearing on Flushing casino proposal and now local legislatures are having some thinking if Resorts World is on, then 9 miles next another casino needs more brain storming. Zoning and housing are the two priorities followed by public transportation which will require more infrastructure investments the Governor has to come up with for Queens but not Manhattan which already has all the details in place.

The dates for the announcement of three casinos will be made before the end of this year and the state will get $1.5 billion, that's $500 million each per license approved.