- Jay-Z’s Roc Nation desires New York Metropolis to grant it a gaming license for a on line casino in Instances Sq..
- His firm argued its case for the license in an open letter printed Thursday.
- Roc Nation promised $115 million for Broadway theatre packages if it will get the nod.
Jay-Z’s Roc Nation is making a play to win approval to run a Caesars Palace on line casino in Instances Sq..
In an open letter to New York Metropolis officers after “conflicted events” tried to “unfold disinformation,” the mogul is urging them to grant Roc Nation a gaming license to open a on line casino along side property agency SL Inexperienced and Caesars Leisure.
The corporate set out a plan that it claims will entice extra vacationers to town in addition to bettering New Yorkers’ lives.
It is also promising $115 million for “numerous theater packages” that might cowl daycare prices for Broadway staff.
Roc Nation mentioned its plan contains investing in sanitation and safety within the Instances Sq. space and vowed to “defend the pursuits” of the Broadway theater neighborhood.
The corporate says the successful on line casino bidder “should at all times put the well-being of New Yorkers on the prime of their agenda and do proper by its residents.”
It argues that the group is dedicated to sustaining Instances Sq.’s reference to “all sides of tradition” and that there was no higher location for a Caesars Palace on line casino than the “Crossroads of the World.”
Roc Nation joined Caesars Leisure and SL Inexperienced’s bid in December. On the time Jay-Z mentioned: “My partnership with SL Inexperienced and Caesars, this coalition, has all of the promise and dedication to financial alternative, development and enrichment for the neighborhood, and everybody who visits the Empire State.”
Candidates for the gaming license should pay a non-refundable $1 million charge, in line with The New York Instances, and be ready to speculate $500 million and a further $500 million in charges.
A call by the state’s gaming fee is anticipated later this yr.
Roc Nation did not instantly reply to a request for remark from Insider, made exterior regular working hours.
