00:00A proposed Caesars Palace Casino in Times Square that's backed up by Jay-Z lost his bid for gambling license Wednesday after running into fierce opposition from Broadway theater owners and producers were worried about its potential impact on the theater district.
00:17A state commission community advisory committee brought the curtains down on the $5.4 billion plan to redevelop an office tower into a Caesars-branded hotel, gambling and entertainment complex, rejecting it in a vote that occurred after public hearings in which actors, stagehands, restaurants, owners and neighborhood residents land up to oppose the project.
00:41Local board approval was required for the proposal to be considered by the State Gaming Commission.
00:47The fight over the casino was largely about whether an influx of gambling tourists will help or hurt a theater district still recovering from the COVID-19 pandemic.
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