SL Green and Caesars Entertainment Announce Pursuit of New York Gaming License in World Famous Times Square

SL Green and Caesars Entertainment Announce Pursuit of New York Gaming License in World Famous Times Square

The partnership will invest heavily in improving public safety, transportation and public transportation, speeding economic recovery for surrounding businesses, and creating high-paying union jobs for New Yorkers.

Las Vegas When RENO, Nev., October 20, 2022 /PRNewswire/ — SL Green Realty Corporation (“SL Green”) and Caesars Entertainment (“Caesars”) have formed a partnership to redevelop 1515 Broadway as a premier entertainment and gaming destination in the heart of Times Square. Announced. world destinations. Caesars Palace Times Square does more than provide billions of dollars in tax revenue. new york city and states, it also accelerates New York’s Economic recovery through strategic partnerships with local businesses leveraging Caesars Rewards, an industry-leading loyalty program with over 65 million members. Caesars Rewards members will be able to use their credit at Broadway shows, local hotels, restaurants, retailers, comedy clubs, entertainment venues and more, driving more visitors to local businesses and helping Times Square and Thousands of direct and indirect jobs can be created around it.

SL Greene and Caesars not only offer significant financial benefits to all Times Square stakeholders, but are also proposing significant security and traffic improvements as part of their proposal. These efforts will make visitors feel safer, improve public transport, encourage pedestrian movement, and reduce local vehicle congestion, according to the proposed transportation plan included as part of the project. To do.

Caesars Palace Times Square is designed to contain a Broadway theater. The Lion KingThis development brings Caesars Entertainment’s 50+ years of globally recognized excellence in entertainment, food and drink and gaming. New York It offers an authentic best-in-class experience that complements Times Square’s entertainment district.

“We believe Times Square provides the perfect location for a new resort casino that can attract tourists and benefit local businesses. Our approach will ensure that underrepresented communities benefit – both in terms of employment and investment opportunities.” Mark Holliday, CEO of SL Green. “The Times Square casino fits in with the area’s existing uses. Times Square is the heart of the entertainment world. They can open sooner than they should, bringing new construction, changing laws, and disrupting their communities.”

“Caesars is thrilled to partner with SL Green on a five-star project that meets and exceeds New Yorkers’ expectations for world-class entertainment. of New York City We will strengthen our tourism engine and take this one-of-a-kind global destination to new heights.” tom league, CEO of Caesars. “As one of the largest mobile sportsbooks New Yorkcaesars are passionate New York itself. Caesars also New YorkA group of restaurants, chefs and entertainers from across the Empire State. ”

Actors’ Equity said: Make neighborhoods safer for both arts people and spectators. ”

“Carmine’s has been in Times Square for over 30 years, and the public and private investments made in the late 90’s and early 2000’s literally changed Midtown.” Jeffrey BankPresident and CEO of Alicart Restaurant Group, which operates Carmine’s and Virgil’s BBQ. “It’s time for us to reinvest again – Times Square is the beating heart of the people New York, but everyone in Times Square is still suffering from the pandemic.The Caesars Palace proposal is key to bringing back tourists and making Times Square safer, not just for recovery but for growth. It is the economic impetus needed to continue and create more jobs. ”

“A successful bid will give theaters, hotels, restaurants and businesses in the area a much-needed boost and broader neighborhood initiatives to make Times Square the safest, cleanest, most pedestrian-friendly entertainment district. and promised to fund improvements in the world.” Michael ProhaskaBusiness Manager at Laborers’ Local 79.

trip to New York You can’t talk about it without visiting Times Square, the crossroads of the world.” Jeff BallottiPresident and CEO of Wyndham Hotels & Resorts. manhattan and New York State. “A project of this size and scope will help bring more tourists back to Times Square, fill hotel rooms not just here but throughout the city, and create great jobs at the same time.”

“We know how to lower the crime rate in Times Square before. With better security infrastructure and 24/7 monitoring, we can predict and prevent crime. Only financial and political will,” the former said. new york city police commissioner William Bratton“SL Greene and Caesars’ proposal for Times Square goes beyond routine in-house security and will invest millions of dollars in new public-private security initiatives. You will be safe for the year.”

Caesars is North America’s largest gaming operator, with over 50 casino properties across its portfolio, retail and/or mobile sports betting in 27 jurisdictions, and iGaming in 5 jurisdictions. Caesars Palace Times Square will be 100% privately funded. Caesars licenses its brands and manages operations under long-term management contracts.

Caesars has extensive experience in operations and development, as well as a 30-year track record in responsible gaming. Since creating the industry’s first responsible gaming program in 1989, Caesars has spent millions of dollars on organizations that fight problem games. Its pioneering responsible gaming training programs include Operation Bet Smart, a company-wide mandatory course dedicated to problem gaming awareness training, and Project, a mandatory class focused on preventing underage gambling. Available to all team members through 21. Additionally, the company has more than 1,600 of his responsible gaming chairpersons and ambassadors who are specially trained to assist guests who may show signs of potential gaming problems.

Caesars’ PEOPLE PLANET PLAY framework was recently named to the Civic 50 as one of America’s 50 most community-oriented companies. Caesars’ PEOPLE PLANET PLAY framework focuses on environmental impact, diversity, equity and inclusion, and community support. Among these goals are a commitment to increase the representation of women and people of color in leadership roles to achieve full gender and racial equality by 2025; There is a promise to reduce by 20% per square foot, a promise to divert landfills. By 2030, his 65% of all waste generated at the facility.

About SL Green Realty Co., Ltd.
SL Green Realty Inc., Manhattan’s Largest office owner, fully integrated real estate investment trust (REIT) primarily focused on acquiring, managing and maximizing the value of real estate. manhattan Commercial facility.Current September 30, 2022, SL Green was interested in 62 buildings totaling 33.6 million square feet. This includes 29.3 million square feet of ownership. manhattan The building and 3.5 million square feet of land have secured debt and preferred equity investments.

About Caesars Entertainment
Caesars Entertainment, Inc. (NASDAQ: CZR) is the largest casino entertainment company in the United States and one of the most diverse casino entertainment providers in the world. Since starting with Reno, Nevada, 1937, Caesars Entertainment, Inc. grew through the development, expansion and acquisition of new resorts. Caesars Entertainment, Inc. resorts operate primarily under the Caesars®, Harrah’s®, Horseshoe® and Eldorado® brand names. Caesars Entertainment, Inc. offers a wide variety of games, entertainment, hospitality amenities, one-of-a-kind destinations, and a complete suite of online games and sports betting. All tied to the industry-leading Caesars Rewards loyalty program, the company is focused on building value with its customers through a unique combination of impeccable service, operational excellence and technology leadership. increase. Caesars is committed to its employees, suppliers, communities and the environment through its PEOPLE PLANET PLAY framework. Know when to stop before you start. ® Having a gambling problem? Call 1-800-522-4700. Learn more about. www.caesars.com/corporate.

Source Caesars Entertainment, Inc.

More Information: Investor Relations: Brian Agnew, bagnew@caesars.com; Charise Crumbley, ccrumbley@caesars.com, 800-318-0047, Media Relations: Kate Whiteley, kwhiteley@caesars.com, Media Relations: slgreen@berlinrosen .com