JOURNAL ARTICLE

Caesars' Times Square Casino Bid Ends After Community Vote.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Wong, Natalie 3 of 3

Abstract

The article discusses the rejection of a proposed casino project in Manhattan's Times Square, backed by SL Green Realty Corp. and Caesars Entertainment Inc., after a community advisory committee failed to secure the necessary votes for approval. The project aimed to convert an aging office building into Caesars Palace Times Square, projected to generate $23.3 billion in gambling revenue over ten years, but faced opposition from local community groups and Broadway theater owners concerned about crime and congestion. Following the vote, SL Green's chairman expressed frustration, emphasizing the potential benefits lost to the community. Other casino proposals in New York City are still pending evaluation, with community support being a critical factor for approval. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/09, pN.PAG
  • Document Type:Article
  • Subject Area:Political Science
  • Publication Date:2025
  • Accession Number:188026894
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