Jay-Z’s Roc Nation pledges $15m to aid Hell’s Kitchen community
The company said it plans to donate the money should Caesars win the Times Square casino bid.
Jay-Z’s company, Roc Nation, has agreed to make a $15m contribution to the Hell’s Kitchen neighborhood if Caesars Palace wins the bid for a new casino project in New York City, according to a Power 105.1 news report.
Caesars Palace has initiated a $250m investment program to offer aid to local communities on Manhattan’s west side.
The community would get the funds through a local trust that community residents would control. Money would go to community priorities that include after-school programs, childcare, senior care and other neighborhood needs.
Roc Nation teamed up with SL Green and Caesars Entertainment to pitch a casino development proposal almost two years ago. Currently, several notable companies and billionaires have expressed interest in bidding on the Manhattan casino project, including Miami Dolphins owner Stephen Ross and New York Mets owner Steve Cohen.
Once completed, the new casino would reside at 1515 Broadway in Times Square.
“We partnered with Roc Nation for a reason and are thrilled to support any Roc Nation-led community initiative that extends the benefits of this project to more New Yorkers,” SL Green EVP Brett Herschenfeld told local news.
Since the brand’s formation in Reno, Nevada in 1937, Caesars Entertainment has expanded over the years to include facilities that operate under the Caesars, Harrah’s, Horseshoe and Eldorado brand names.
Online sports betting in New York went live two years ago. To date, more than 35 states have embraced regulated sports betting since the US Supreme Court overturned the Professional and Amateur Sports Protection Act of 1992 (PASPA) in May 2018, also known as the Bradley Act.
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