Times Square, the Crossroads of the World, might soon become the Crossroads of Craps.
Two giants in real estate and gaming, SL Green and Caesars Entertainment, have announced a joint bid for a coveted once-in-a-lifetime license to build a casino in the nexus of New York City.
If selected, their proposed gaming hall atop SL Green’s skyscraper at 1515 Broadway would be the only casino in Manhattan. The bid was“Caesars is thrilled to partner with SL Green in connection with a five-star project that will meet and exceed New Yorkers’ expectations for world-class entertainment, immediately enhancing New York City’s tourism engine and elevating this one-of-a-kind global destination to new heights,” said Caesars CEO Tom Reeg in a statement.
Beyond a casino, Caesars’ Times Square plans include a hotel, restaurants, and a Broadway theater to host “The Lion King.” The bid’s success is anything but guaranteed. Since state officials authorized three new casino licenses for the New York City area earlier this year, real estate and casino honchos have gone into overdrive in the hopes of landing the crown jewel of untapped markets for the gaming industry.
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