Two massive casinos proposed for Manhattan, including one by the largest owner of casinos in Atlantic City, have been rejected, removing some of the potential competition for the seaside gambling resort. The Press of Atlantic City reports aCommunity Advisory Committee on Wednesday rejected a proposal by Caesars Entertainment, rap mogul Jay-Z and a major New York developer to build a $5.4 billion casino in the heart of Times Square.
Caesars Entertainment owns three of Atlantic City’s nine casinos: Caesars Atlantic City, Harrah’s Resort Atlantic City and Tropicana Atlantic City.