Billionaire musician, Jay-Z, is planning to open a casino in New York City’s Times Square. In a letter published by TMZ, the Roc Nation founder detailed his plans for a casino in Times Square, one of the world’s top tourist destinations.
“A gaming license is going to be awarded to New York City,” the letter noted. “A bill was passed in the state legislature confirming it. The question is: which applicant will get the license? Some conflicted parties have attempted to spread misinformation, so we wanted to speak to you, New York City, directly.”
The letter also highlighted the firm’s business plan, noting that the heart of the plan is to“enhance the lives of everyday New Yorkers,” giving examples of how the casino would do just that.
Additionally, Roc Nation said its business plan includes giving back to surrounding businesses, transit benefits, and protections for the ‘true heart and soul’ of Broadway’ like actors, producers, theater staff, and writers.
The letter also indicated plans to give funds to take care of sanitation and security from“the bowtie all the way west into Hell’s Kitchen.”
“Caesars Palace Times Square will benefit all of New York—the hotel and restaurant workers in the area, retailers, and surrounding neighborhoods,” the letter also indicated. “Our bid commits $115 million for diverse theater programs that include daycare for Broadway workers and their families.”
Jay-Z’s interest in opening a casino in New York City’s Times Square first came to light in 2022 when Roc Nation joined Caesars Entertainment and Manhattan realty company, SL Green, in their bid to make it happen.
The Billionaire rapper told Deadline that his interest was because “New York is a beacon, the epicenter of culture.” he continued, “We have the opportunity to create a destination at the heart of Times Square, the true crossroads of the world. 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.”
However, when the proposal was first made, it was opposed by The Broadway League, the trade organization representing theater owners and producers. However, when the proposal was made public in October 2022, it was described as a “game changer” by Equity, the labor union representing actors and stage managers, while expressing its support.