Jay-Z is joining a long list of suitors hoping to cash in on the gambling market after New York City was recently approved for a gaming license.
Hov’s proposed casino does not require a new location as it would be build on the top 8 floors of the Times Square skyscraper.
Nearby theaters and producers are against the idea, but Roc Nation is offering $115 million for “diverse theater programs” in the area.
Hov and his partners also aim to keep the “well-being of New York”s at the forefront of the new place.
Jay-Z’s entertainment company Roc Nation has published an open letter to New York City as part of its bid to operate a proposed casino in Times Square.
In addition to tweeting it out, the company took out ads in the New York Post, New York Daily News, and Amsterdam News to run the letter
“The winning licensee must always put the well-being of New Yorkers at the top of their agenda and do right by its residents,”
the letter states
“This is too important of a moment in our city’s illustrious history. Times Square, the epicenter of entertainment with a palpable energy, is unmatched.”
“Roc Nation and our partners are here to ensure Times Square remains connected to all facets of culture. There’s no better location for a Caesars Palace entertainment destination than the Crossroads of the World.”
Roc Nation also laid out its innovative plans to benefit not only tourists but “everyday New Yorkers” as well.
The proposal includes plans to: “Give back to all surrounding businesses; Benefit mass transit; Invest money into sanitation and security from the bowtie all the way west into Hell’s Kitchen; Develop and deliver a much-needed transportation plan; Protect the interests of the actors, producers, theatre staff, writers and patrons that represent the true heart and soul of Broadway; and Provide opportunity for all.”
Roc Nation — in partnership with SL Green and Caesars — is reportedly up against Mets owner Steve Cohen, real estate billionaire Stefan Soloviev, Wynn, Las Vegas Sands, Thor Equities Group, Hudson’s Bay Company and more for the Casino license.
