As New York’s summer grinds on, the battle for three city casino-licenses heats up.
Proposals — plus $1 million application fees — are due on August 31 and billions hang in the balance.
Outside of two racinos — Resorts World New York City in Queens and Empire City in Yonkers — which already have profitable electronic gaming and are said to be front-runners, the six remaining contenders face local opposition.
19
Jay-Z is famous for music, but if Roc Nation, Caesars Palace and SL Green snag one of three Big Apple casino licenses, he’ll add Gambling Boss to his resume.WireImage
“Companies are spending millions on lobbyists,” a political insider told The Post. “And no part of the city wants a new casino.”
With the billion-dollar craps shoot poised to kick off and licensing due by late 2025, here are the contenders and their odds of throwing 7s:
Public bonus: Jay-Z curating the entertainment
Casino: Caesars Palace Times Square
Some entities around the Times Square location are not hailing Caesars.
19
A rendering of Caesars Palace Times Square, which promises to add more light to the famously illuminated strip.SL Green
Despite the project’s offer of $117 million to go toward theater tickets for kids and education for would-be actors, the Broadway League is against the casino (fearing that it will take butts out of theater seats).
On the other hand, a group of neighborhood landlords have expressed support for the proposed gambling den.
A resounding 71 percent of registered voters in the area voiced opposition – however, the poll was done by the No Times Square Coalition.
But Brett Herschenfeld, executive vice president of retail and opportunistic investments at SL Green, is optimistic.
He told The Post, “Caesars Palace Times Square is a project designed to uplift all of these Times Square businesses through investment and shared economic benefit.”
19
With Jay-Z on board, Caesars Palace Times Square might outdo the Vegas original in terms of entertainment.Getty Images
As for Jay-Z’s role, in December 2022, a source told The Post, “It is hoped that Jay … could handle residencies like the one that Adele has in Las Vegas.”
25
What do you think? Post a comment.
Odds for approval: 25 – 1. “There is no convenience in Times Square,” said Woinski. The best way to get there is on the subway. Do you want to ride there with $5,000 in your pocket? If they get local approval, which is a longshot, I make them 10 – 1.”
Other contenders:
nypost.com
Proposals — plus $1 million application fees — are due on August 31 and billions hang in the balance.
Outside of two racinos — Resorts World New York City in Queens and Empire City in Yonkers — which already have profitable electronic gaming and are said to be front-runners, the six remaining contenders face local opposition.
19Jay-Z is famous for music, but if Roc Nation, Caesars Palace and SL Green snag one of three Big Apple casino licenses, he’ll add Gambling Boss to his resume.WireImage
“Companies are spending millions on lobbyists,” a political insider told The Post. “And no part of the city wants a new casino.”
With the billion-dollar craps shoot poised to kick off and licensing due by late 2025, here are the contenders and their odds of throwing 7s:
Contenders: Jay-Z, Caesars Entertainment, SL Green
Budget: $TK billionPublic bonus: Jay-Z curating the entertainment
Casino: Caesars Palace Times Square
Some entities around the Times Square location are not hailing Caesars.
19A rendering of Caesars Palace Times Square, which promises to add more light to the famously illuminated strip.SL Green
Despite the project’s offer of $117 million to go toward theater tickets for kids and education for would-be actors, the Broadway League is against the casino (fearing that it will take butts out of theater seats).
On the other hand, a group of neighborhood landlords have expressed support for the proposed gambling den.
A resounding 71 percent of registered voters in the area voiced opposition – however, the poll was done by the No Times Square Coalition.
But Brett Herschenfeld, executive vice president of retail and opportunistic investments at SL Green, is optimistic.
He told The Post, “Caesars Palace Times Square is a project designed to uplift all of these Times Square businesses through investment and shared economic benefit.”
19With Jay-Z on board, Caesars Palace Times Square might outdo the Vegas original in terms of entertainment.Getty Images
As for Jay-Z’s role, in December 2022, a source told The Post, “It is hoped that Jay … could handle residencies like the one that Adele has in Las Vegas.”
25
What do you think? Post a comment.
Odds for approval: 25 – 1. “There is no convenience in Times Square,” said Woinski. The best way to get there is on the subway. Do you want to ride there with $5,000 in your pocket? If they get local approval, which is a longshot, I make them 10 – 1.”
Other contenders:
Who’ll win big in NYC’s casino race? Gambling experts set the odds on Jay Z, other top contenders
New York City promises to be among the world’s richest casino markets. Eight contenders scrap for the opportunity to rake in chips; by next year, only three will still be in the game.
nypost.com
