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New York advisory committee rejects $5.4bn Times Square casino plan

Licences & markets

A six-member Community Advisory Committee rejected the Caesars Palace Times Square proposal in New York on 17 September, voting 4–2 against it. SL Green Realty, Caesars Entertainment and Roc Nation backed the $5.4 billion project; three downstate casino licences are expected to be awarded by the end of the year.

The rejection removes one Manhattan proposal from consideration for a downstate casino licence.

End-of-day close Caesars Entertainment (CZR), USD, to 31 October 2025
Story date4 August 202531 October 2025

Latest reported results

Caesars Entertainment NASDAQ: CZR

Quarter ended 30 September 2026

Revenue
USD 2.94bn10-Q filing 0001590895-26-000033
Operating income
USD 457.0m10-Q filing 0001590895-26-000033

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Licences & markets

SL Green keeps Times Square casino proposal open after committee rejection

SL Green CEO Marc Holliday said the company remains open to reviving its proposed Times Square casino with Caesars Entertainment and Roc Nation after a Manhattan community advisory committee rejected the bid. Holliday said the wider licensing process and outcome remain unresolved, with state gaming board decisions on up to three licences expected by year-end. SL Green estimated that the rejection cost it $13.1 million in related expenses.

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