Caesars Palace Bids To Open Casino In Times Square

The New York Times reports:

Times Square, New York City’s famed Crossroads of the World, could hardly be considered lacking. It has dozens of Broadway theaters, swarms of tourists, costumed characters and noisy traffic, all jostling for space with office workers who toil in the area.

Now one of the city’s biggest commercial developers is pitching something that Times Square does not have: a glittering Caesars Palace casino at its core.

The developer, SL Green Realty Corporation, and the gambling giant Caesars Entertainment are actively trying to enlist local restaurants, retailers and construction workers in joining a pro-casino coalition, as the companies aim to secure one of three new casino licenses in the New York City area.

The New York Daily News reports:



As news of the idea for a Caesars Palace Times Square was announced, the Broadway League jumped into the debate, saying they don’t see a gambling mecca as a good fit alongside the dramas and musicals that draw tourists to New York.

It would be located at SL Green’s skyscraper at 1515 Broadway by renovating existing space. The Minskoff Theater, where The Lion King is currently playing, is located in the building and the developers say they plan to retain a theater there.

That proposal will vie with a rival bid from Related Companies and Wynn Resorts, who last month proposed a casino at Hudson Yards, with their sights on a location next to the Javits Center.