Jay-Z Defends Roc Nation’s Casino Bid For New York City

Jay-Z opened up about his leisure firm Roc Nation’s polarizing bid to launch a on line casino in Instances Sq., New York Metropolis, throughout a brand new interview with Metropolis & State New York. Jay, in partnership with SL Inexperienced and Caesars. is vying for one of many three obtainable on line casino licenses. The bid is being reviewed by the Neighborhood Advisory Committee throughout a second listening to on Thursday.

“New York Metropolis is the leisure capital of the world, so the concept of a world-class on line casino right here makes excellent sense,” Jay stated. “I’ve all the time checked out alternatives that may shift tradition whereas uplifting communities, and Caesars Palace Instances Sq. is precisely that.” He added that the brand new on line casino could be “an extension of tradition, an extension of the power and motion that makes New York the town it’s.”

“Our imaginative and prescient is to construct a vacation spot that not solely attracts guests but additionally provides New Yorkers a spot they’re proud to take pleasure in. A on line casino right here doesn’t compete with Instances Sq. – it enhances it,” he continued. “We’re making a hub that pulls much more folks into the neighborhood, producing new power, new enterprise, and new alternatives for everybody.”

Roc Nation CEO Desiree Perez additionally spoke in regards to the plan with Billboard. In doing so, she defined that they’ve dedicated to offer $250 million in neighborhood help over the following 10 years if the bid is profitable.

She advised the outlet: “For instance, for the LGBTQ initiative, we’re offering 5 million {dollars} to Callen-Lorde. We’re simply placing the cash of their fingers they usually’ve agreed with us. We have now an settlement with them in writing about what they will do with that cash. In order that’s how we’ve performed it with every considered one of these, and the wonder is, let’s say we get the license tomorrow, the day after we’re paying. We don’t must construct out our on line casino or be in enterprise with a purpose to pay the cash. It will be the quickest cash to the bottom for the neighborhood.”

The replace comes as rumors have been circulating about Jay-Z gearing as much as launch a brand new album, though Money Cobain not too long ago shut down the concept.