Jay-Z, the billionaire artist, intends to open a casino in New York City’s Times Square. The Roc Nation founder disclosed his ideas for a casino near Times Square, one of the world’s most popular tourist spots, in a letter released by TMZ.
“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, emphasizing that the plan’s core is to “enhance the lives of everyday New Yorkers,” and providing examples of how the casino will do so.
Furthermore, Roc Nation stated that its business model involves giving back to nearby companies, transit advantages, and safeguards for the ‘real heart and soul’ of Broadway’ such as actors, producers, theater staff, and authors.
The letter also stated that funding would be provided to ensure 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 constructing a casino in New York City’s Times Square first surfaced in 2022, when Roc Nation joined forces with Caesars Entertainment and Manhattan realty firm, SL Green, 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.”
The Broadway League, the trade association representing theater owners and producers, was initially hostile to the notion. However, when the idea was made public in October 2022, Equity, the trade union representing performers and stage managers, branded it as a “game changer” while voicing its support.