He's certainly in an "Empire State of Mind." As his wife, Beyoncé, makes undeniably major money moves with the launch of her RENAISSANCE World Tour on Wednesday (May 10) in Stockholm, Jay-Z and Roc Nation are taking care of business in New York. Previously, in 2022, it was announced that the 4:44 hitmaker and his label have joined forces with a group of investors looking to open a casino in Times Square. In the latest update on their bid, TMZ reports that Hov and co. are taking out full-page ads in various publications across the city this week, which will give locals the opportunity to read an open letter detailing their plans.
"It's time, Times Square," they began. "Dear New York, A gaming license is going to be awarded to [NYC]. A bill was passed in the state legislature confirming it. The question is: which applicant will get the license? Some conflicted parties have attempted to spread misinformation, so we wanted to speak to you, New York City, directly." Jay-Z and Roc Nation went on to point out that the candidate selected must have a strong track record of "turning words into deeds" as well as putting the city and its people first, regardless of their race, religion, ethnicity, gender, sexual orientation, or socio-economic status.
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Jay-Z and Roc Nation's Open Letter to New York
According to them, it will chiefly benefit "everyday New Yorkers" along with various businesses in the city. Reports claim that the mega-project would be built into the top eight floors of an existing Times Square skyscraper. The building is located in the middle of Broadway's theatre district. It's worth noting that producers and theatre owners have been markedly expressing disinterest in seeing the casino built. Roc Nation is attempting to counter this by including $115M for "diverse programs" aiding Broadway employees in their bid.
Jay-Z and his team hope to keep the "well-being of New Yorkers at the top of their agenda." They're facing off against several competitors for the coveted spot, including Steve Cohen of Wynn Resorts and the Mets. Each bid has proposed a different location for their casino. It's been said that NY State will likely make a final decision before the end of 2023. Do you think Times Square is a good choice for the father of three's latest business venture? Let us know in the comments, and tap back in later for more pop culture news updates.
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