A proposed Caesars Palace casino in Times Square lost its bid for a gambling license after running into fierce opposition from Broadway theater owners and producers who were worried about its potential impact on the theater district.
Breakdown
- The proposed Caesars Palace Casino in Times Square was denied a gambling license.
- The project, backed by Jay-Z, faced strong opposition from Broadway theatre owners and producers.
- A State Commission Community Advisory Committee rejected the $5.4 billion redevelopment plan after public hearings. 17s
- Local board approval was required for the proposal to proceed to the State Gaming Commission. 41s
- Debate centered on whether gambling tourism would help or harm the recovering theatre district. 47s