"In December 2022, Jay-Z partnered with SL Green and Caesar Entertainment in their bid to open NYC's first full-scale casino in Times Square. “The winning licensee must always put the well-being of New Yorkers at the top of their agenda and do right by its residents,” the letter continues."
Jay-Z has released "The Blueprint 4," but it's not a new record; instead, it's his strategy for building a casino in Times Square, and he's working hard to win over New Yorkers.
Through Roc Nation, Jay wrote an open letter to New York City outlining his reasons for thinking that his company's collaboration with Caesars Palace should be given the go-ahead to develop a casino in the middle of Times Square.
Roc Nation strongly emphasizes all the advantages that its proposed Caesars Palace Times Square would bring to "everyday New Yorkers" and the city's companies in the letter, which was published on Thursday in multiple NY publications.
According to reports, the casino will be situated right in the heart of Broadway's renowned theatrical area on the top 8 floors of an existing skyscraper in Times Square. The casino is fiercely opposed by certain theater owners and producers, but according to Roc Nation, its bid includes $115 million for "diverse theater programs" to benefit Broadway performers.
Jay and co. say their organization will put the "well-being of New Yorkers at the top of their agenda." The insinuation is their competition will not, and they're up against several other high-profile bidders … including Wynn Resorts and Mets owner Steve Cohen.
Each has proposed casino plans in different NYC locations — Caesars and Jay's is the only one in Times Square.
NY State is expected to select the winning bid by the end of the year.
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