Jay-Z's Roc Nation Shares Plans to Open Casino in Times Square
The company will need to put together $1 billion in investment capital and more for additional fees.
Already regarded as one of the most successful businessmen in the entertainment world, Jay-Z is now looking towards expanding his empire with a plan to open a casino under his Roc Nation imprint. Earlier this week, the rap icon’s entertainment agency shared an open letter detailing plans to develop a casino in Manhattan’s Times Square.
Also shared with several newspapers, the open letter begins by setting the stage, “A gaming license is going to be awarded to New York City.” “A bill was passed in the state legislature confirming it. The question is: which applicant will get the license? Some conflicted parties have attempted to spread misinformation, so we wanted to speak to you, New York City, directly.”
The letter from Jay-Z’s Roc Nation continues to share how it is the top choice for the license, “The winning licensee must always put the well-being of New Yorkers at the top of their agenda and do right by its residents.” “This is too important of a moment in our city’s illustrious history. Times Square, the epicenter of entertainment with a palpable energy, is unmatched. Roc Nation and our partners are here to ensure Times Square remains connected to all facets of culture. There’s no better location for a Caesars Palace entertainment destination than the Crossroads of the World.”
Adding how the casino would benefit New York’s Broadway, outlining initiatives to give “back to all surrounding businesses, benefits mass transit, invests money into sanitation and security from the bowtie all the way west to Hell’s Kitchen.”
Joining the race for the gambling license, Roc Nation partnered with SL Green Realty Corp. and Caesars Entertainment to come up with the $1 billion USD in investment capital and more for additional fees. The winner of New York’s monumental new gaming license will be announced later this year.
— Roc Nation (@RocNation) May 11, 2023
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