Caesars Palace Times Square will not only provide billions in tax revenue to New York City and State, it will also accelerate New York's economic recovery through strategic partnerships with area businesses utilizing its industry-leading loyalty program Caesars Rewards, home to more than 65 million members. ('SL Green') and Caesars Entertainment ('Caesars') announced a partnership to redevelop 1515 Broadway as a premiere entertainment and gaming destination in the heart of Times Square, one of the most visited destinations in the world. LAS VEGAS and RENO, Nev., Oct. 20, 2022 /PRNewswire/ - SL Green Realty Corp. 'We have an opportunity to create thousands of jobs for people in hospitality for people who haven’t come back because of the pandemic,' she said.Īpplications open in three weeks, and a final decision is possible in summer 2023.Partnership will make significant investments in security, traffic, and mass transit improvements, accelerate economic recovery for surrounding businesses and create good-paying union jobs for New Yorkers Kathy Hochul stayed focused on the economics of a casino. When it became an issue in the race for governor in the fall, Gov. The decision will come down to the state-controlled Gaming Commission. 'We are not locked into a particular location and we don’t have power over that to be honest,' said New York City Mayor Eric Adams. But there’s major competition: Related Companies wants a casino on the West Side of Hudson Yards, and Mets Owner Steve Cohen has lobbied the mayor for space next to a new soccer stadium planned across the street from Citi Field. The $3 billion proposal from realtor SL Green for Times Square would turn the 53 story office tower into a hotel atop the casino. 'There’s gotta be a reason to come to Times Square besides getting a hug from Elmo and getting a picture taken.'

'New York City always needs some new vitality' Strum said. That's because despite the holiday cheer, his business still hasn’t fully recovered from COVID. Ken Sturm, the owner of Bacalls Restaurant on 44th Street, likes the idea of a Caesar's Palace across the street. The Broadway League said that 'every dollar spent at the craps table, roulette wheel or slot machine is a dollar not spent on a play, dinner, or a souvenir. The proposed site for the resort casino is just south of the Javits Center, Melissa Colorado reports.īut there is also opposition.

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