Caesars Unveils New Details of Casino Complex Project at Times Square
While taking a stroll, Reeg mentioned that if the company secures the necessary license, the new venue will become its largest property. The project envisions the establishment of Caesars Palace Times Square within an existing 52-story skyscraper, featuring a gaming area of approximately 23,000 square feet on the upper floors, along with 950 hotel rooms. According to Reeg, there is a wealth of untapped potential in the area. He also noted that the complex will include luxurious terraces with bars offering views of the square.
The discussion touched on criticisms of the proposed project regarding its potential impact on safety and congestion in the area. Reeg responded, "We have traffic consultants who have prepared plans on how we could alleviate congestion in Times Square compared to the current situation. I believe that if opponents take the time to sit down and hear what we are planning and my experience, they will change their minds."
On the topic of taxes, the CEO highlighted that the company already pays New York around $100 million from sports betting. He believes that casino revenue will far exceed that amount.
Commenting on Caesars' collaboration with Jay-Z, Reeg stated that the celebrity is a perfect fit as a partner for the New York project. When asked to disclose previously unreleased details, the CEO mentioned that the Palace Times Square will feature "incredible sportsbooks." He emphasized that this partnership with Jay-Z will provide truly unparalleled experiences.
Meanwhile, Lebanon's largest land-based casino is going online with the help of TG Lab.
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