Hip Hop mogul Jay-Z is preparing for another business venture. Jay-Z is teaming up with SL Green Realty and other investors bidding to build a casino in New York City’s Time Square.
SL Green Realty, which is known as the largest realty corporation in Manhattan and Caesar’s Entertainment, is partnering with Jay-z and his company Roc Nation to open New York City’s first full-scale casino. The three-way partnership is just one of many teams hoping to receive the bid for the casino.
Here’s what we can expect if the deal happens. According to the New York Post, Jay-Z will oversee entertainment programming. The casino would be located in Times Square inside a 54-story tower owned by SL Green Realty. The casino is only expected to occupy eight of those floors. Those eight casino floors will include restaurants and entertainment areas. Above the casino will be a five-star hotel with 800 rooms. The casino’s address would be 1515 Broadway, in the heart of the theater district. SL Green Realty plans to leave the ground floor of the 54-story tower for the Minskoff Theater, which is the home of ” The Lion King.”
SL Green Realty ensures the casino will boost finances for every company inside and surrounding the tower. Theater representatives think otherwise. They believe the casino will be dangerous for Broadway. The building is also home to Paramount, who leases out the area that once housed MTV’s show TRL. No word on how it will be impacted. Famous restaurants like Carmine’s and Bond 45 welcome the casino. SL Green Realty estimates the casino will bring seven million more visitors to Times Square.
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