Since online sports betting was legalized in the USA and it can no longer only be used in the large offline casinos, the market has been booming. Another impetus is the planned approval of offline casinos in New York. And this is where one of the biggest players in the gaming segment has already come into play.
Caesars: Las Vegas is not enough!
No one other than Caesars Entertainment, which operates the most successful casinos in Las Vegas, wants to open a casino right in Times Square. Together with a well-known real estate mogul, they want to build the casino in the heart of Manhattan. In fact, on the corner of Times Square and Broadway, which is generally one of the city's biggest tourist magnets. This is intended to create another billion-dollar visitor magnet that is specifically intended to drive new investments and bring new investors to the city.
In addition, the establishment of an offline casino in Times Square would result in additional security technology and additional security officers would get a job. In other words, jobs around the casino would also be created in this way. They are not yet revealing what investment sum the gambling group and the real estate mogul want to pump into the project. It can be assumed that they are in talks with city officials. Because the city of New York would first have to issue an official license for the casino. And it will probably only do so if the project is also worthwhile for the city. The mere argument that the establishment of a casino will bring more crowds to Times Square will not suffice.