UPDATE:
NEW YORK — A proposed Caesars Palace casino in Times Square that's backed by Jay-Z lost its bid for a lucrative New York City-area gambling license on Wednesday after running into fierce opposition from Broadway theater owners and producers who were worried about its potential impact on the theater district.
A state-commissioned community advisory committee rejected the $5.4 billion plan to redevelop an office tower into a Caesars-branded hotel, gambling and entertainment complex.
https://wtop.com/national/2025/09/jay-z-backed-plan-for-times-square-casino-loses-bid-for-nyc-license-amid-broadway-opposition/