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Caesars Palace Casino project in Times Square denied license

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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
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