NYC Casino Dreams Shattered: Jay-Z & Caesars Bids Rejected in Manhattan

Two prominent proposals to establish casinos in Manhattan's bustling Times Square and on the undeveloped West Side have been rejected by community advisory committees, significantly dimming the prospects for a gaming facility in the borough. These rejections, which occurred through crucial votes on Wednesday, mean that only one Manhattan casino proposal may remain in the running for up to three coveted downstate New York gaming licenses.
The first proposal to face rejection was the Times Square casino, a joint venture between SL Green Realty Corp. and Caesars Entertainment Inc., which also had the backing of hip-hop mogul Jay-Z's Roc Nation company. This $5.4 billion plan aimed to transform an aging office building at 1515 Broadway, home to the Minskoff Theatre, into a Caesars Palace Times Square. The vision included a hotel, four restaurants, a theater, and a world-class gambling hall, estimated to generate $23.3 billion in gambling revenue over 10 years. Proponents, including Mayor Eric Adams, Governor Kathy Hochul, and the Rev. Al Sharpton, argued it would complement Times Square, drawing visitors who would patronize Broadway shows, restaurants, and shops, with additional promises of a $250 million investment in community projects including a public safety plan and a civil rights museum.
However, the Times Square bid faced fierce opposition. Broadway theater owners and producers, represented by The Broadway League, argued that a casino would draw patrons away from local businesses and threaten a theater industry still recovering from the COVID-19 pandemic. Community groups raised concerns about potential increases in crime, sanitation issues, and traffic congestion. Jason Laks, president of The Broadway League, succinctly stated, “This was a vote to protect the magic of Broadway. A casino can go anywhere, but Broadway only lives here.” Following the vote, an agitated Marc Holliday, CEO of SL Green, confronted committee members, labeling the decision a
Recommended Articles
Hollywood Legend Dick Van Dyke Hits Centenarian Milestone, Reflecting on Iconic Career

Discover the incredible seven-decade career of Dick Van Dyke, from his early struggles and groundbreaking television rol...
Wicked Takes Over: 'Wicked: For Good' Dominates Box Office and Hearts with Record-Breaking Debut

"Wicked: For Good" has delivered a much-needed boost to the box office, grossing $226 million globally and setting new r...
Broadway Buzz! Alicia Keys Surprises Yolanda Adams' Debut, Teases New Holiday Anthem

Alicia Keys had a momentous Friday, marked by the release of a new holiday song for her musical 'Hell's Kitchen' and a g...
The Most Glamorous Muppet, After 49 Years, Gets Her Own Feature Film!

The iconic Miss Piggy is set to star in her own movie, produced by Jennifer Lawrence and Emma Stone, with a script from ...
One Piece Season 3 Casts Fan-Favorite Bon Clay Ahead of Grand Line Release

Netflix’s One Piece Season 3 casts Broadway star Cole Escola as Bon Clay ahead of the Grand Line release, marking a majo...
Marvel Shocker! Jessica Jones Makes Triumphant Return to MCU in 'Daredevil: Born Again' Season 2 First Look!

New York is bracing for war as Matt Murdock teams up with Jessica Jones and Karen Page in 'Daredevil: Born Again' Season...
You may also like...
AFCON 2025 Countdown: Tanzania Coach Battles Cold Fears Ahead of Super Eagles Clash
)
Nigeria kicks off their AFCON Group C campaign against Tanzania in Fes, with the Super Eagles aiming for a strong start ...
Rogers' Double Secures Aston Villa Win Over Man United; Fernandes Injured
)
Aston Villa secured their tenth consecutive win, defeating Manchester United 2-1 at Villa Park thanks to a brace from Mo...
Blockbuster Reign: ‘Avatar: Fire and Ash’ Explodes With $88 Million Opening Weekend
James Cameron's "Avatar: Fire and Ash" opened to $88 million domestically and $345 million globally, a decent but lower ...
Disney Mourns Loss: Architect Behind Global Expansion, Diego Lerner, Dies at 71

Diego Lerner, a foundational leader in The Walt Disney Company's Latin American and European expansion, has died at 71. ...
Cher Delivers Iconic Holiday Cheer on SNL with Festive Song Medley

Pop icon Cher made a triumphant return to Saturday Night Live after 38 years on December 20, 2025, performing tracks fro...
Hennessy Artistry Ignites Nation with Sound & Culture Extravaganza!

Hennessy Artistry's 2025 'The Reboot' campaign successfully delivered a multi-city journey across Nigeria, fusing music,...
West Africa's BRVM Celebrates 29 Years of Anchoring Regional Capital Markets

The Regional Stock Exchange (BRVM) celebrated its 29th anniversary, highlighting its crucial role in regional financing ...
Liberian President Boakai Claims Ignorance on Controversial 'Presidential Villa' Launch

Liberian President Joseph Boakai has made a striking admission, revealing a major, highly secured construction project i...