Caesars Entertainment has announced plans to apply for a license to build a casino in New York’s Times Square.
The venue would be launched in conjunction with investment trust SL Green Realty and would come as the very first full casino in New York City.
Caesars has its eye on 1515 Broadway, an address adjacent to Times Square where the casino would be located. The company also plans to build a new theatre and a number of restaurants.
Caesars cited the benefits to the local economy that a casino location would bring and confirmed that Caesars Rewards points may be used by visitors at various restaurants and shops in the area.
“Caesars is thrilled to partner with SL Green in connection with a five-star project that will meet and exceed New Yorkers’ expectations for world-class entertainment, immediately enhance New York City’s tourism engine and elevate this one-of-a-kind global destination to new heights.
“As one of the largest mobile sportsbooks in New York, Caesars is passionate about New York itself. Caesars is also deeply invested in New York-based restaurant groups, chefs, and entertainers from across the Empire State,” said Caesars CEO Tom Reeg.
“We’re excited to pursue this license with Caesars and our many local partners. Our approach will ensure that under-represented communities benefit both in terms of employment and investment opportunities,” added SL Green Chief Executive Mark Holliday.
