SL Green, Caesars Entertainment Propose Times Square Casino

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New York Post

Who'll win NYC's casino race? Gambling experts set odds

As New York's summer grinds on, the battle for three city casino-licenses heats up. Proposals - plus $1 million application fees - are due on August 31 and billions hang in the balance. Outside of two racinos - Resorts World New York City in Queens and Empire City in Yonkers - which already have profitable electronic gaming and are said to be…

Law ・ 22 June 2024

Silive

A casino in Times Square? Manhattan coalition and Broadway group certainly hope not

NEW YORK, N.Y. - A new alliance of Manhattan groups and associations, including The Broadway League and the many theatre owners and producers it represents, are aiming to stop Caesars Palace Times Square from rising. The "No Times Square Casino" Community Coalition, which unveiled its messaging and purpose Friday, says major traffic congestion, a…

Land-based ・ 20 April 2023

Gothamist

Broadway group doubles down on Times Square casino opposition

A group of Broadway theater owners and producers is leading an effort to lower the curtain on plans for a Times Square casino. The Broadway League, a theater industry trade group, is joining forces with local restaurant owners to block a bid for a new gambling hub nearby. The group, called the "No Times Square Casino" Community Coalition, says that…

Travel ・ 16 April 2023

AMNY

Rolling the dice: A closer look at the 10 contenders seeking lucrative New York casino licenses

This story was reported by Timothy Bolger, Ben Brachfeld, Jada Camille, Aidan Graham, Carlotta Mohamed, Dean Moses, Bill Parry, Aliya Schneider, Robbie Sequeira and Ethan Stark-Miller. It was edited by Christian Murray and Robert Pozarycki. New Yorkers are bearing witness to a World Series of Poker-style showdown featuring ten bids involving some…

Land-based ・ 09 March 2023

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City & State New York

How do you convince Manhattanites a casino will be good for their neighborhood?

Casino companies are used to having a house advantage. But in the bidding process for three downstate casino licenses, it's the local communities that those companies are hoping to call home that just might have the edge. Roughly a dozen casino companies and real estate developers are mulling or planning on bidding for one of three casino licenses…

Industry ・ 07 March 2023

Review Journal

Las Vegas Sands Corp. to build Long Island casino resort

Las Vegas Sands Corp. is proposing to build a multibillion-dollar resort on Long Island, New York, as part of a bid for one of three downstate New York casino licenses. Las Vegas Sands said Thursday it has entered into agreements to purchase the long-term lease of the site that's currently home to the Nassau Veterans Memorial Coliseum. The…

Land-based ・ 13 January 2023

Politico

High rollers vie for New York casino in Times Square

But the real estate honchos promising pomp and circumstance - namely, Related Companies at Hudson Yards and SL Green in Times Square - have to overcome something their money can't buy: A handful of local politicians who not only don't care about the flashy proposals, but are turned off by Manhattan's years-long transformation into a playground for…

Industry ・ 11 January 2023

The New York Times

Where’s the Best Place to Build a Casino in New York City?

Two public development projects are in the works that will indelibly change the character of New York City. Both are fraught with political and economic risks, and both will strike a nerve with many New Yorkers. The first is the closing of the notorious Rikers Island jail complex. The city's plan, which includes relocating the incarcerated…

Industry ・ 30 December 2022

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Jay-Z In Times Square Casino State Of Mind

Developers and casino operators are pulling out all the stops in their pursuit of one of the New York City-area casino licenses being dangled by the New York State Gaming Commission as the selection process draws closer. Brooklyn native Jay-Z and his Roc Nation entertainment agency have joined a group of investors pushing for a Las Vegas-style…

Law ・ 06 December 2022

Commercial Observer

New York City Casino Competition Heats Up: The Details

A downstate casino license in New York seems to be the ace of spades for developers, with five groups having made their plans known to compete for only three available licenses. However, the details of each project will depend upon a request for proposals expected to be issued by the New York State Gaming Commission before Jan. 6. Until then,…

Land-based ・ 05 December 2022

The Real Deal

Casino State of Mind: Jay-Z Joins SL Green Bid

You can't knock the hustle of SL Green Realty and Caesars Entertainment. The companies behind the Times Square casino bid at 1515 Broadway brought in rapper and business mogul Jay-Z to add to their effort to win one of the few licenses soon to be available, the New York Post first reported. Roc Nation, the Brooklyn native's company, announced…

Industry ・ 08 December 2022

New York Post

Jay-Z joins Times Square team bidding for prized NYC casino

SL Green and Caesars Entertainment have a glam new partner in their hoped-for Times Square casino - Brooklyn-born billionaire rapper and entertainment impresario Jay-Z and his Roc Nation, Realty Check has learned. The three-way partnership, to be announced at SL Green's annual investor conference on Monday, marks a dramatic twist in the developer's…

Land-based ・ 05 December 2022

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Broadway World

The Broadway League Voices Further Opposition to Potential Times Square Casino

As BroadwayWorld, commercial developer, SL Green Realty Corporation and gambling corporation Caesars Entertainment joined a bidding war to obtain a casino license to bring a new gaming and gambling location to Times Square. The Broadway League sent a letter to its members expanding upon their strong opposition to a casino being opened in Times…

Travel ・ 30 November 2022

The Washington Post

A casino in hectic Times Square? This theater critic says heck no.

NEW YORK - That "permanent floating crap game" that good old reliable Nathan is always trying to set up may be coming to Times Square. I'm not talking about "Guys and Dolls" - though that, coincidentally, may be in the cards, too. No, what's actually being pitched is a casino in the heart of the theater district, a serious proposal that has deeply…

Travel ・ 29 November 2022

Propmodo

Do Casinos and Big Cities Mix? Some Major Real Estate Developers Think So

Thousands of miles east of Las Vegas, big-name developers are clamoring for a rare casino license in one of the most densely-populated cities in the country. A long-in-the-works set of licenses, which will cost at least $500 million each, are up for grabs in New York state, which has led to a rush of bids from companies including Manhattan's…

Land-based ・ 01 December 2022

The Points Guy

Slot machines over Broadway: Caesars Entertainment the latest to bet on NYC casino license

In a few years, the unlimited soup, salad and breadsticks at the Olive Garden might not be the only jackpot that awaits tourists heading to New York City's Times Square. Developer SL Green Corporation and Caesars Entertainment - owner of casino resort brands like Caesars Palace and Harrah's - want to put a casino in a skyscraper at 1515 Broadway in…

Travel ・ 31 December 2022

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Poker News Daily

Would a Casino in Times Square Work? New York Eyes Gaming Expansion to the Big Apple

We have seen it across the States of America. Areas that had never embraced gaming have moved forward with regulating online sports betting, daily fantasy sports (DFS), and even casino gaming (online poker, alas, lags far behind). Now states are beginning to eye areas of expansion for their "brick and mortar" operations, with the state of New York…

Sports ・ 20 November 2022

AOL

Caesars bid for a Times Square casino rattles Broadway

Gambling giant Caesars bid for a casino in Times Square is sparking strong opposition from Broadway. As news of the idea for a Caesars Palace Times Square was announced, the Broadway League jumped into the debate, saying they don't see a gambling mecca as a good fit alongside the dramas and musicals that draw tourists to New York. In this June 19,…

New Year ・ 22 October 2022

The New York Times

Where Could a Casino Be Built in New York City? What We Know

For years, casino companies have salivated over the prospect of a casino in New York City, one of the last major untapped gambling markets in the United States and a global tourist destination anchoring a metropolitan area with about 23 million residents. They may soon get what they were looking for. In April, elected officials in Albany authorized…

New Year ・ 21 October 2022

AMNY

Real estate and gaming giants eye new casino in Times Square

Times Square, the Crossroads of the World, might soon become the Crossroads of Craps. Two giants in real estate and gaming, SL Green and Caesars Entertainment, have announced a joint bid for a coveted once-in-a-lifetime license to build a casino in the nexus of New York City. If selected, their proposed gaming hall atop SL Green's skyscraper at…

Land-based ・ 21 October 2022

Forbes

Blackjack On Broadway: Caesars Palace Casino May Come To Times Square

Caesars Entertainment unveiled plans Thursday to develop a massive casino resort on Broadway in the heart of Times Square amid the already bright and boisterous neighborhood, as the highly lucrative battle to bring gambling to Manhattan heats up. Caesars Palace Times Square would be located at 1515 Broadway- once home to MTV's famous Times Square…

Land-based ・ 15 December 2022

The New York Times

Times Square May Get One of the Few Spectacles It Lacks: A Casino

Times Square, New York City's famed Crossroads of the World, could hardly be considered lacking. It has dozens of Broadway theaters, swarms of tourists, costumed characters and noisy traffic, all jostling for space with office workers who toil in the area. Now one of the city's biggest commercial developers is pitching something that Times Square…

Travel ・ 17 December 2022