Entertainment agency Roc Nation, which is owned by American hip-hop artist Shawn Corey Carter a.k.a. Jay-Z has started lobbying for the construction of a luxury casino in Times Square. The reason cited behind the decision to start pushing for the casino development is that the project would benefit everyone in New York.
Roc Nation Open Letter to New Yorkers
— Roc Nation (@RocNation) May 11, 2023
On Thursday, May 11, 2023, Jay-Z’s Roc Nation published an open letter addressed to the citizens of New York City. The company published the open letter on Twitter but also took out ads in major NY-based publications, including the New York Daily News and the New York Post.
The agency believes that the gaming licenses that should be awarded in the near future by the state’s gaming authorities should go to the Caesars Palace project in Times Square. They believe that the project would ensure that the iconic square stays “connected to all facets of culture.”
In order to apply for the NY casino license, casinos need to pay a non-refundable $1 million application fee, as well as set apart at least $500 million that would be used for the investment, along with an additional half a billion in fees.
If the idea pushed by Roc Nation comes alive, Caesars Entertainment will get to launch a brand-new luxury casino establishment at 1515 Broadway, New York City, New York.