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Jay-Z is hoping to open a casino in New York City’s Times Square. The rapper’s company, Roc Nation, is teaming up with SL Green and Caesars to make the multi-billion-dollar project a reality, despite receiving backlash.

A second hearing with the Community Advisory Committee took place on September 11th to obtain one of the three available casino licenses for the area.

During a recent interview with City and State New York, Hov explained his motivation behind building the casino.

“New York City is the entertainment capital of the world, so the idea of a world class casino here makes perfect sense,” he said. “I’ve always looked at opportunities that can shift culture while uplifting communities, and Caesars Palace Times Square is exactly that.

“Partnering with Caesars and SL Green – two organisations that understand real partnership and long-term community investment – gave us the chance to build something bigger than gaming. For me, it’s an extension of culture, an extension of the energy and action that makes New York the city it is.”

Jay-Z has faced criticism from Black and working-class communities regarding gambling addiction. However, he’s adamant that the casino will have a positive effect.

“Gambling addiction is a serious issue that isn’t unique to Black or working-class communities,” he said. “We’re committed to providing resources for everyone. Caesars Palace has one of the most comprehensive responsible gaming programs, and their long-standing record is a major reason why they are our partner. 

“The project brings positive, lasting benefits through meaningful partnerships and investments: from supporting cultural institutions like the Civil Rights Museum to uplifting local theatres such as Town Hall and Sony Hall. Our goal is to create opportunity and ensure this project delivers real value to the communities that need it most.”