Silverstein and Greenwood Enter the Race for a New York Casino License

Their new “Avenir” casino hotel will be located in Manhattan’s far West Side, promising significant economic benefits to the surrounding area.

Leading real estate development and investment firm Silverstein Properties, and Greenwood Gaming and Entertainment, a prominent casino operator, have announced their intentions to bid for a commercial casino license in downstate New York. The collaboration between these two companies brings them in direct competition with other high-profile operators hoping to obtain one of the limited licenses.

The Developers Promise Enduring Prosperity
Manhattan’s far West Side presents a lucrative opportunity for casino operators, encompassing densely populated areas with developed tourism infrastructure. Silverstein Properties and Greenwood Gaming and Entertainment have recognized the region’s merits. They are eager to capitalize on its growing demand for entertainment and gaming options, proposing a new high-profile casino establishment.
 
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