Jay-Z-Backed Casino In Times Square Voted Down

A plan to construct a Caesars Palace casino in Times Square, supported by SL Green Realty and Roc Nation—the entertainment company co-founded by Jay-Z—has been rejected. The Community Advisory Committee (CAC) voted against the proposal, with four members opposing it, effectively halting its progress to the state gaming board. CAC chair Carl Wilson confirmed the outcome, stating that the plan did not receive the necessary backing to move forward.

The proposed casino was intended to occupy 150,000 square feet within One Astor Plaza, a 54-story office tower located at 1515 Broadway. The building is also home to the Minskoff Theatre, where Disney’s "The Lion King" has been staged for decades. In addition to gaming facilities, the development would have featured a sports-themed 40/40 Club, multiple restaurants, a spa, and a boutique hotel. Supporters emphasized significant economic benefits, including an estimated $7 billion in tax revenue over ten years and the creation of thousands of jobs.

Opposition to the casino was both broad and well-coordinated. Groups such as the Hell’s Kitchen Neighborhood Association and several IATSE locals raised concerns about potential increases in crime and negative impacts on Broadway’s theater district. The “No Times Square Casino” coalition, which includes nearly 200 organizations like Actors’ Equity and the American Federation of Musicians Local 802, applauded the committee’s decision. Jason Laks, president of the Broadway League, captured a common sentiment, saying, “A casino can go anywhere, but Broadway only lives here,” highlighting the area’s irreplaceable cultural role.

In a joint statement, the developers expressed disappointment, describing their proposal as transformative and focused on addressing urban challenges through private investment. Jay-Z had earlier endorsed the project’s emphasis on economic inclusion. SL Green Realty CEO Marc Holliday reacted more sharply, accusing the committee of "cowardice" and poor leadership, while praising appointees of the mayor and governor for their resolve.

This decision highlights the ongoing tension in New York between large-scale commercial development and the protection of neighborhood character. As one urban policy expert noted, “Times Square has undergone massive changes, but this outcome shows that economic gains are still weighed against cultural preservation.” The ruling may influence how future gaming and entertainment proposals are evaluated in other culturally significant, high-density parts of the city.