Jay-Z Joins Times Square Casino Bid Opposed By Broadway Producers – KristenBellTattoos.com

Jay-Z’s Roc Nation entertainment agency is betting that Times Square needs a Caesars Palace cas*no, and it’s teamed up with Caesars Entertainment and Manhattan realty company SL Green to make it happen.

“New York is a beacon, a center of culture,” Sean “Jay Z” Carter said in a statement posted on RockNations. website. “We have an opportunity to create a destination in the heart of Times Square, a true intersection of worlds. My partnership with SL Green and Caesars, this alliance holds all the promise for economic opportunity, growth and enrichment for the community and Affiliation is there, and everyone who visits the Empire State.

The partnership hopes to build a “state-of-the-art gaming facility” at 1515 Broadway — the same building that houses Disney’s long-running musical. The lion king – As soon as possible after state gaming officials determine potential gaming licenses and locations sometime next year.

The alliance brings together three best-in-class organizations – New York’s largest office property owner, the nation’s leading gaming company and the world’s leading entertainment company – in a landmark project for the world’s top tourist destination, the statement said. To present. “

The cas*no proposal was detailed in October, and was quickly and strongly opposed by The Broadway League, a trade organization representing theater owners and producers, which was opposed by the Actors’ Equity Association and other labor unions. It was contrary to the pro-position of

The league reiterated its opposition to cas*nos in a letter to its members last month, arguing that a cas*no would not bring in out-of-towners (“With the exception of Las Vegas, cas*nos attract tourists do not attract and rely heavily on local gamblers, the league wrote) and that cas*nos, by design, are designed to keep customers within their own walls.

“Far from driving customers to neighboring businesses, the way theaters do,” League wrote, “the Times Square cas*no will draw customers away from existing area restaurants, many of which Small businesses are and are an integral part of the Broadway ecosystem.” The letter to members also states, “Every dollar spent on a craps table, roulette wheel or slot machine is a dollar not spent on a play, dinner or a souvenir.”

The cas*no alliance disagrees with Roc Nation as its “Official Entertainment Partner”. In an announcement on Roc Nation’s website, the partners say Caesars Palace Times Square will bring more than 7 million new visits to the district annually, and add tens of millions of dollars to local businesses, including the theater industry. In addition, the partners have added a Membership Rewards plan that will enable cas*no customers to use credits toward Broadway shows, local hotels, restaurants and other neighborhood businesses.

The merger statement, however, includes such a disclaimer, noting that “forward-looking” statements “are not guarantees of future performance and actual results or progress may differ materially, and we caution not to place undue reliance on such statements.”

When the plan was unveiled in October, Equity, the labor union representing actors and stage managers, voiced its support, calling the proposal a “game changer” that would not only add jobs but also improve neighborhood safety. (Developers have promised to use some of the g*mbling revenue to fund sanitation and safety improvements, including the deployment of new surveillance drones). “We appreciate the developer’s commitment to making the neighborhood safe for arts workers and audience members,” the union said.