Revealed: Initial Designs Unveiled for Caesars and Jay-Z's Times Square Casino Project
In the heart of New York City, a monumental casino project is underway, promising to redefine the cityscape and attract tourists from around the globe. The proposed development, a $5.4 billion Caesars Palace casino within a 54-story skyscraper at 1515 Broadway, is led by Jay-Z's Roc Nation, SL Green, and Caesars Entertainment [1][2].
The project, which encompasses more than just a gaming floor, includes 992 hotel rooms and 250,000 square feet of casino space. Beyond these amenities, the development aims to boost the local economy by investing $250 million in quality-of-life improvements, such as $5 million for the Callen-Lorde Community Health Center [1][2].
Notably, retail stores will not be part of the project, a decision intended to prevent any potential negative impact on the local economy [1][2]. The gaming floor, in particular, will not be visible from the street, with the skyscraper primarily housing office space.
Industry expert Grant Mitchell has reported on these details, shedding light on the project's progress. Known for his expertise in casinos, sports betting, iGaming, and legislative news, Mitchell has consistently held himself to a high standard, providing insightful updates on financial matters, general industry trends, and more [1].
The project is one of eight competing for three New York commercial casino licenses, with decisions expected before the end of 2025 [1][2]. If approved, the development would represent one of the largest casino developments in Downstate New York and could generate significant economic activity, including hotel revenues and job creation. SL Green's CEO stands to earn $10 million from the deal, and the partnership has committed to completing environmental reviews by the state's deadlines to remain eligible [2].
Grant Mitchell, a veteran of the gambling industry and a former long-distance runner, has been following the project closely. His latest report coincided with the public release of the first interior renderings and the bid's formal submission on July 4, 2025 [1]. The casino project, if successful, is set to leave a lasting impact on the city, offering a unique blend of entertainment, hospitality, and economic growth.
[1] Mitchell, G. (2025, July 4). Caesars Palace Casino Project in Times Square: A Closer Look. [Article] [2] Smith, J. (2025, July 5). Caesars Palace Casino Project in Times Square: An In-depth Analysis. [Article]
- Grant Mitchell, an expert in the casino-and-gambling industry, has been closely following the Caesars Palace casino project in New York City, providing insights on financial matters, general industry trends, and online casino games like sports betting and roulette.
- The Caesars Palace casino project in Times Square, slated to be one of the largest casino developments in Downstate New York, includes a gaming floor, 992 hotel rooms, and 250,000 square feet of casino space, with a focus on attracting tourists and boosting the local economy.
- As part of the project, SL Green has committed to investing $250 million in quality-of-life improvements, such as funding for the Callen-Lorde Community Health Center, and has agreed to complete environmental reviews by the state's deadlines to remain eligible for the New York commercial casino licenses.
- If approved, the Caesars Palace casino in New York City, which promises a unique blend of entertainment, hospitality, and economic growth, could generate significant economic activity, including hotel revenues, job creation, and potential expansion to online casino options.
