Might 21, 2025
If profitable, the Caesars Palace location could be the second Black-owned on line casino in U.S. historical past.
Jay-Z not too long ago met with Democratic Senate Majority Chief Andrea Stewart-Cousins in hopes of opening New York Metropolis’s first Black-owned on line casino in Occasions Sq., CBS Albany studies.
The rapper and music mogul met with Stewart-Cousins to debate a bid from his firm, Roc Nation, to safe a gaming license to open a Caesar’s Palace.
Jay-Z penned an open letter in 2023 pushing growth plans.
“Our imaginative and prescient is to offer again to New York and be sure that the Broadway neighborhood, Hell’s Kitchen, and the encircling companies and areas all profit,” Carter wrote on behalf of Roc Nation. “And never only for a minute, however for the long-term.”
New York Metropolis has been a scorching spot goal for on line casino placement over the previous few years. Resorts World On line casino New York Metropolis, positioned in Queens, is the town’s solely on line casino, nevertheless it gained’t final lengthy. After studies from CNBC revealed a bid from Wynn Resorts was dropped to construct an area in Manhattan’s Hudson Yards neighborhood, Senate Deputy Majority Chief Michael Gianaris introduced his help of an $8 billion proposal that can convey a gaming venue to Queens.
Wynn is the second giant on line casino to desert its bid for an area in New York. Las Vegas Sands additionally introduced it can now not push for a license for a developed web site at Lengthy Island’s Nassau Coliseum, pointing the finger at probably competing towards on-line on line casino video games if the state legalizes the observe.
Because the state is ready to award as much as three new gaming licenses in 2025, if Hov is profitable in his endeavor, the Caesar’s Palace location could possibly be the second Black-owned on line casino in U.S. historical past. In 2002, Don Barden, turned the primary African American to personal a on line casino in Las Vegas with a $149 million acquisition of three Fitzgeralds casinos.
In 2024, Roc Nation pledged hundreds of thousands in grants that will be distributed all through surrounding communities if the bid have been profitable.
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