Jay-Z has joined forces with a gaggle of traders looking for to open Times Square’s first-ever full-scale on line casino.
The Brooklyn-bred rapper and his leisure firm, Roc Nation, have teamed up with SL Green and Caesars Entertainment in a bid to open up a swanky, state-of-the-art gaming facility at 1515 Broadway by Seventh Ave. Their partnership was introduced throughout SL Green’s annual investor convention on Monday, Complex reported.
As a part of their proposal, traders have speculated the on line casino may usher in one other 7 million visits to Times Square yearly, with an extra 600,000 in a single day visits to native lodges, and greater than $166 million in retail spending at surrounding companies. They have additionally stated it may present a lift in gross sales for Broadway exhibits within the space.
If their bid is accepted, the on line casino will span eight flooring of the 54-story tower in Times Square, already owned by SL Green. The floor flooring of the constructing will nonetheless stay devoted to non-gaming functions, together with the doorway to Minskoff Theater.
While few different particulars have been supplied, Caesars Palace Times Square is the proposed identify of the on line casino, which might additionally home eating places and leisure venues.
“New York is a beacon, the epicenter of culture. We have the opportunity to create a destination at the heart of Times Square, the crossroads of the world,” Jay-Z stated in a press release to Complex.
“My partnership with SL Green and Caesars, this coalition, has all the promise and commitment to economic opportunity, growth and enrichment for the community, and everyone who visits the Empire State.”
Source: www.bostonherald.com”
