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New York community committee rejects Caesars Times Square casino bid

Licences & markets

A New York Community Advisory Committee voted 4-2 against advancing the Times Square casino proposal from SL Green, Caesars Entertainment, Roc Nation and Live Nation. The rejection ends the bid before it could proceed to the state Gaming Facilities Location Board for consideration in the licensing process.

The vote removes one proposed New York casino project from the state licensing process.

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

Earlier licence decisions by NYSGC

DateCompanyAmountStoryAppeal status
Hard Rock, MGMUSD 8,000,000,000Hoylman-Sigal says Metropolitan Park casino has strong approval prospectsNot stated
MGM ResortsNot statedNew York gaming chief says integrity reviews will govern downstate casino licencesNot stated
Genting, MGM ResortsNot statedNew York gaming chair says casino bids may win fewer than three licencesNot stated
MGM ResortsNot statedNew York commission chair sets standards for up to three casino licencesNot stated
Bally’sUSD 4,000,000,000Eric Adams vetoes council rejection of Bally’s Bronx casino zoning bidNot stated

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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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