Some people involved in the bidding process expect that two of the three available licenses will go to Resorts World New York City at Aqueduct Racetrack in Queens and the Empire City Casino in Yonkers. Cohen, who owns the New York Mets and has developed a bid with Hard Rock for a casino next to the team’s Queens stadium and Las Vegas Sands, which wants to put a casino in Nassau County. The field includes SL Green Realty Corporation, which calls itself the city’s largest commercial landlord and wants to build a casino in Times Square with Caesars Entertainment the Hudson Yards developer Related Companies and Wynn Resorts, which have proposed a casino on Manhattan’s Far West Side the hedge fund manager Steven A. About 10 teams are expected to bid for one of up to three licenses for full-scale casinos in the region. It is a novel argument in a crowded, well-financed field of competitors teeming with unique pitches (one proposal involves a roller coaster another, a Ferris wheel). “Will it be profitable? I presume so because generally, this has been the case with casinos at large.” Silverstein, the chairman of Silverstein Properties, said. “We do see it as a genuine need that the community has, the city and Albany,” Mr. Casinos can provide it, and as a major landlord, he is invested in the city’s future.

Silverstein suggested his bid was largely selfless: New York State, he said, needs tax revenue to support the transit system on which New York City’s economy depends. For that reason, his team argues, the location is less likely than others to raise residents’ hackles.įor casino expertise, he has teamed up with Watche Manoukian, a businessman based in London who owns Parx Casino in Bensalem, Pa., that state’s highest grossing venue. But he controls a site at 11th Avenue and 41st Street, four blocks west of Times Square, that he says is perfect for one because it borders several neighborhoods but is central to none. Silverstein, 92, has never owned or invested in a casino. 'The scrum of millionaires and billionaires hustling for the right to build a casino in New York City now includes Larry Silverstein, the real estate magnate who redeveloped much of the World Trade Center site after the Sept. According to The NY Times, Larry Silverstein throwing his hat into the ring.

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