Because we are proposing a renovation, once the license is issued, we can open quicker than other facilities, which require entirely new construction, changes in law, and will be disruptive to their local communities.' Times Square is the center of the entertainment universe.

'A casino in Times Square is in keeping with existing uses in the area. Our approach will ensure that under-represented communities benefit both in terms of employment and investment opportunities,' said Marc Holliday, CEO of SL Green. We're excited to pursue this license with Caesars and our many local partners. 'We believe that Times Square offers the best location for a new resort casino that can attract tourists and benefit local businesses. The development will also bring Caesars Entertainment's more than 50 years of globally-recognized excellence in entertainment, food & beverage, and gaming to New York to deliver a best-in-class experience that will be authentic and complementary to the Times Square entertainment district. These efforts will make visitors feel safer, improve mass transit, encourage pedestrian travel, and mitigate vehicle congestion in the area, pursuant to a proposed traffic plan to be included as part of the project.Ĭaesars Palace Times Square will be designed to include a Broadway Theater for The Lion King. In addition to major economic benefits to all Times Square stakeholders, SL Green and Caesars are proposing significant security and traffic improvements as part of their proposal, which would boost Mayor Adams and the NYPD's efforts in Times Square. Caesars Rewards members will be able to use credits at Broadway shows, local hotels, restaurants, retail stores, comedy clubs, entertainment venues, and more, driving more tourists to area businesses and creating thousands of direct and indirect jobs in and around Times Square. Caesars Palace Times Square will not only provide billions in tax revenue to New York City and State, it will also accelerate New York's economic recovery through strategic partnerships with area businesses utilizing its industry-leading loyalty program Caesars Rewards, home to more than 65 million members. ('SL Green') and Caesars Entertainment ('Caesars') announced a partnership to redevelop 1515 Broadway as a premiere entertainment and gaming destination in the heart of Times Square, one of the most visited destinations in the world. LAS VEGAS and RENO, Nev., Oct. 20, 2022 /PRNewswire/ - SL Green Realty Corp. Partnership will make significant investments in security, traffic, and mass transit improvements, accelerate economic recovery for surrounding businesses and create good-paying union jobs for New Yorkers

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