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September 18, 2025

Jay-Z-backed plan for Times Square casino loses bid for NYC license amid Broadway opposition

  • An advisory committee rejected the $5.4 billion plan to redevelop an office tower into a Caesars-branded hotel, gambling and entertainment complex.
    • By PHILIP MARCELO
    Associated Press

    Photo via SL Green Realty Corp [enlarge]
    SL Green owns the office tower at 1515 Broadway that currently houses the Minskoff Theatre, which is home of “The Lion King” musical.

    NEW YORK — A proposed Caesars Palace casino in Times Square that's backed by Jay-Z lost its bid for a lucrative New York City-area gambling license on Wednesday after running into fierce opposition from Broadway theater owners and producers who were worried about its potential impact on the theater district.


     
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