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New York & Tri-State  + Midtown New York  + Hospitality  |  October 20, 2022
The SL Green-Caesars Enetrtainment proposal to bring a casino to Times Squaree would entail redeveloping an office tower at 1515 Broadway
Paul Bubny
By: Paul Bubny

SL Green, Caesars Partner on Bid to Bring Casino to Times Square

SL Green Realty Corp. and Caesars Entertainment have formed a partnership to pursue a gaming license for a facility in Times Square. The partnership intends to redevelop SL Green’s office tower at 1515 Broadway into Caesars Palace Times Square. 

“A casino in Times Square is in keeping with existing uses in the area,” said Marc Holliday, CEO of SL Green. “Times Square is the center of the entertainment universe. Because we are proposing a renovation, once the license is issued we can open quicker than other facilities, which require entirely new construction, changes in law and will be disruptive to their local communities.” 

The partners said the project would bring major economic benefits to all Times Square stakeholders. They’re also including significant security and traffic improvements as part of their proposal, aimed at making visitors feel safer, encouraging pedestrian travel and mitigating vehicle congestion in the area. 

Read More News Stories About: SL Green Realty Corp
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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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