In a significant setback for Jay-Z and Roc Nation, a proposal for a Times Square casino has been rejected by a state advisory board. The gaming facility, which was set to be located at 1515 Broadway and backed by Caesars Entertainment and SL Green Realty, was voted down in a 4-2 decision by the community advisory committee.
The proposal faced strong opposition, particularly from the Broadway League of theater owners and local residents, who argued that a casino could harm the vibrant theater district. Richard Gottfried, an appointee on the state local siting board, emphasized that most residents were against the idea, stating, “A casino in this area would do major damage to that gem,” referring to the Broadway theater scene.
The rejection is not just a blow to Jay-Z’s ambitions in the gambling industry but also reflects broader community concerns about the impact of casinos in urban settings. The proposal had garnered support from notable figures, including Rev. Al Sharpton and rapper Fat Joe, who highlighted the potential for job creation and greater minority ownership in the entertainment sector.
Sharpton expressed disappointment at the outcome, noting the significance of black ownership in Times Square’s entertainment landscape. Contrarily, Jason Laks, president of the Broadway League, praised the committee’s decision, framing it as a protection of the livelihoods of those who depend on Broadway.
The casino bid was one of several proposals under consideration, with others—including a plan for a casino near the World Trade Center—also facing rejection. As the state Gaming Commission prepares to issue up to three casino licenses by year’s end, the fallout from this decision has raised questions about future opportunities for urban gaming in New York City.
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