New York State Senator Brad Hoylman, whose district includes Times Square until January 1, says any proposal for Times Square will face a major backlash. The Broadway League, citing multiple studies, says a casino would create more congestion, disrupt the local economy, and reduce safety. “Every dollar spent at the craps table, roulette wheel or slot machine is a dollar not spent on a play, dinner or a souvenir. “Whether they come for a day or a week, visitors to Times Square come on limited budgets that would be cannibalized by casino gambling,” St. Martin, the association’s president, wrote in a letter to its members in November. And one of the neighborhood’s most influential organizations, the Broadway League, a trade organization of producers and theater owners, is “firmly against” gambling on the Great White Way, Charlotte St. MORE FROM FORBES The Big Gamble: Inside The Battle to Operate A Casino In New York City By Will Yakowiczīut the forces of NIMBY, especially in Times Square, are strong. Stefan Soloviev, the scion of the late Sheldon Solow, who built a fortune in Manhattan real estate, is also pitching a casino, complete with a Ferris wheel, to be built on the unused land he owns near the United Nations.

Related Companies, the developer behind Hudson Yards in Manhattan and chaired by Stephen Ross, the billionaire owner of the Miami Dolphins, announced a plan with Wynn to put a casino near the Javits Center along Manhattan’s West Side. The companies claim if they’re able to build a casino, shopping, dining and entertainment complex in the Crossroads of the World, it will bring millions more visitors to Times Square every month and attract billions in retail spending and ticket sales. The plan is to convert SL Green’s office tower at 1515 Broadway, on the corner of 45th Street.

Roc Nation, the entertainment agency founded by billionaire music mogul Jay-Z, SL Green, the New York-based real estate investment trust, and Caesars Entertainment are teaming up on a bid to bring the famed Las Vegas casino to New York. But plans for New York casinos have already started to leak early and one that has captured the public’s imagination is a proposal for a casino in the heart of Manhattan: Caesars Palace Times Square.

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