Jay-Z wants the famous Caesars Palace Casino chain to build a prime location in New York’s Times Square.
On Wednesday (July 23), the 25-time Grammy Award winner held a committee hearing for the project amongst representatives of Roc Nation, SL Green and Caesars Entertainment for the bid of three downstate casino licenses.
Around the 44-minute mark of the video below, Hov was introduced by Roc Nation CEO Desiree Perez, and said that their cross-borough partnership and business initiatives are what “New York really looks like.”
Jay added that he “came up through sports and entertainment” and considered Times Square the “perfect place” for a new Caesars Palace. While the original hotel and casino is located in Paradise, Nevada, there are Caesars Entertainment destinations worldwide.
“I’m trying to reserve myself — it’s a very good idea,” Jay continued. “Very good alignment for us to fulfill the promise of of Times Square.”
The Roc Nation founder also went into detail about his company’s strategy of “bringing culture to the NFL” through their live entertainment deal.
With SL Green and Caesars Entertainment, Roc Nation has reportedly entered a bid for the Times Square casino that foresees over $7 billion in taxes, $26.7 billion for local businesses, more than 3,000 construction jobs and over 3,800 permanent jobs.
The location would host a 992-room, five-star hotel with restaurants serving regional and worldwide culinary innovation, a wellness retreat, gaming, and the trendiest nightclubs and entertainment built out of a current office building at 1515 Broadway. If passed, the project is slated to open in four years.
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