The Big Apple is about to throw the dice in a gamble, and plenty of billionaire investors want to try their luck at winning a big prize.
The elected officials finally approved one casino license in the Big Apple (that is right – just one for a city of 8 million people), causing a massive and sometimes terrible bidding war between various wealthy suitors.
One of the interested parties is none aside from Jay-Z and his entertainment company Roc Nation. An entrepreneur known for saying, “I’m not a businessman, I’m a business, man,” has teamed up with SL Green and Caesars Entertainment to propose the construction of Caesars Palace in the heart of bustling Times Square.
In an open letter on Roc Nation’s Instagram and Twitter titled “It’s Time, Times Square”, the company made the case for why they need to get Latest York’s golden gambling ticket.
“The winning group should have the experience of turning words into motion – putting Latest York City and its people first – people of all races, religions, ethnicities, genders, sexual orientations and socioeconomic backgrounds,” the statement read. “Our proposal represents an modern plan that is not going to only attract additional tourists to our city, but additionally improve the quality of life for bizarre Latest Yorkers.”
Amongst other things, Jay-Z’s plan guarantees to give back to area businesses, profit mass transit, invest in sanitation and safety, and “provide a much-needed transportation plan.” “Our offer includes $115 million for a variety of theatrical programs, including day take care of Broadway employees and their families,” the letter reads.
Related: Jay-Z Invests Big Money in Robo Pizza Truck That Solves a Major Food Industry Problem
Total bidding war
Latest York voters approved Las Vegas-like casinos in their state in 2013. But only last yr, elected officials in Albany approved casino licenses for lower Latest York State, including Latest York, Long Island and Westchester County.
The prospect of opening a fully operational casino in America’s largest city has billionaires salivating to develop into the king of Latest York’s casinos. As well as to Jay-Z, other bidders include Latest York Mets owner Steve Cohen, Gristedes supermarket scion John Catsimatidis, and Hudson Yards developer Stephen Ross.
“Every billionaire wants a casino. The epitome of success in the US is having your personal casino,” the source said Latest York Post.
Nonetheless, billionaires have different ideas about where they need to construct their casinos. Cohen has teamed up with Hard Rock and wants to open a casino around Citi Field in Queens where the Mets play. Catsimatidis takes a take a look at Coney Island, famous for its boardwalk, amusement park and hot dog eating contest. Ross, who works with Wynn, wants to put a casino in the newly built Hudson Yards.
Accusations of a “disinformation” campaign.
Roc Nation’s letter, which also appeared in advertisements in the Latest York Post, Latest York Day by day News and Amsterdam News, accused some “conflicted parties” of spreading “misinformation”, claiming that they had written the letter to clear things up.
Although Roc Nation didn’t name names, some consider they might refer to a coalition of Broadway theater owners and producers, Midtown Manhattan communities, and a tenant organization calling itself the No Times Square Casino.
According to the article in Deadlinethe coalition opposes the construction of Caesars Palace in Times Square, where most Broadway theaters are also situated, citing traffic congestion, economic disruption, and making the area “less family-friendly.”