SL Green Realty Corp. and Caesars Entertainment have announced a partnership to redevelop Times Square property 1515 Broadway as a premiere entertainment and gaming facility.
As part of the Caesars Palace Times Square project, SL Green and Caesars are proposing a Broadway theater and a full casino while the proposal also includes significant security and traffic improvements for the area.
Speaking of the proposal, Tom Reeg, CEO of Caesars said:
“Caesars is thrilled to partner with SL Green in connection with a five-star project that will meet and exceed New Yorkers’ expectations for world-class entertainment, immediately enhancing New York City’s tourism engine and elevating this one-of-a-kind global destination to new heights. As one of the largest mobile sports books in New York, Caesars is passionate about New York itself. Caesars is also deeply invested in New York-based restaurant groups, chefs, and entertainers from across the Empire State.”
Marc Holliday, CEO of SL Green added:
Caesars Seeks NY Gaming License for Times Square CasinoActors’ Equity stated:
“The proposal from the developer for a Times Square Casino would be a game changer that boosts security and safety in the Times Square neighborhood with increased security staff, more sanitation equipment, and new cameras. We applaud the developer’s commitment to make the neighborhood safer for arts workers and audience members alike.”
According to the proposal, Caesars Palace Times Square will be 100% privately funded with the company licensing its brand and managing casino operations under a long-term management contract.
Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.