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Caesars Entertainment, Roc Nation, and SL Green Propose $250M Investment for NYC Casino Project

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

In the race for three new downstate casino licenses in New York, several prominent gambling and entertainment operators have expressed interest. The deadline for submitting license bids is July 31, 2024, and the licenses are expected to be approved by March 31, 2025, thanks to a push by lawmakers to accelerate the process. One of the casino bids for a property in the NYC metro area is a joint collaboration between Caesars Entertainment, Roc Nation (the entertainment company founded by rapper Jay-Z), and SL Green.

The proposed site for the project is a lot at 1515 Broadway, between W. 44 and W. 45 Streets, currently occupied by a 54-level building that will be converted into a casino offering Las Vegas-style games. In an interview with amNewYork, Brett Herschenfeld, SL Green’s executive vice president, highlighted the benefits the Caesars Palace Times Square casino project would bring to local communities. Herschenfeld spoke about the companies’ plans for a $250 million investment in the Hell’s Kitchen and Midtown communities, provided they secure a license.

Funding Provided for Environmental Projects

The investment will fund local environmental projects, including extra sanitation efforts to clean the streets, the planting of hundreds of new trees, and a composting initiative. Herschenfeld emphasized that the investment will begin immediately upon securing the license, stating:

I’m starting the investment the day I win the license. I’m not waiting until we open for business. I will start making those investments in the community the second I win that license.

The casino project is expected to provide economic stimulus, generating taxes and boosting local businesses. Herschenfeld acknowledged the “enormous responsibility” that comes with the project and its importance to the communities and neighborhoods in the area. He predicted that the project would help small businesses and restaurants in the vicinity.

The new gaming and entertainment location is expected to generate taxes and boost local businesses, providing economic stimulus to the area. Herschenfeld spoke about the importance of the project, recognizing the “enormous responsibility” to the communities and neighborhoods involved. He expressed confidence that the project would benefit small businesses and restaurants in the area.


An Exciting Online Poker Experience: CoinPoker

A few words about CoinPoker, known as Web3’s largest poker room, which has just been recognized by GOAT as it becomes the regional sponsor of the Argentina National Football Team. This partnership marks a significant collaboration between CoinPoker and Argentina, the 2022 FIFA World Cup winners, in a new two-year deal.

Through this partnership, CoinPoker players will have access to a range of promotions from the Argentine Football Association (AFA). These promotions include tickets to Argentina’s home games, signed merchandise, and exclusive tournaments. The collaboration aims to provide an enhanced experience for CoinPoker users while celebrating the success of Argentina’s national team.

Lionel Scaloni’s team, currently number one in the FIFA World Rankings, has been on an impressive run, losing just one of their last 21 games. They also clinched the 2021 Copa América title by defeating Brazil in the final at the Maracanã. As Lionel Messi and his teammates compete in the 2024 regional championship across the United States, they are supported by this exciting off-field partnership with CoinPoker, a rapidly growing iGaming brand.

There are hints that loyal CoinPoker players may be given the opportunity to win tickets to the Copa América finals this year. This would be a fantastic chance for football fans who haven’t yet satisfied their international football cravings, even after the Euros.

Excitement about CoinPoker and AFA Partnership

Tony G, CoinPoker ambassador, expressed immense excitement about the partnership with the Argentina Football Association. He emphasized that the partnership showcases CoinPoker’s commitment to engaging with the best in the world and celebrating mutual successes both on the CoinPoker platform and on the football field as Argentina aims to retain the Copa América title.

An AFA spokesperson echoed these sentiments, expressing their delight in announcing CoinPoker as their regional sponsor. The spokesperson highlighted that both the Argentine Football Team and CoinPoker embody a spirit of excellence and fierce competition. This partnership, they said, represents a commitment to embracing cutting-edge technology and achieving new heights together.

CoinPoker, much like the Argentina national team, is a champion in its field of crypto poker. Since its launch in 2017, CoinPoker has attracted over 200,000 active users. The platform offers Ethereum-backed deposits and withdrawals, instant payouts, and market-leading bonuses and promotions, making it a revolutionary force in online gambling.

A Blockchain Technology Based Casino

CoinPoker utilizes blockchain technology to address key challenges in online poker, such as ring-fencing, payment processing issues, and game integrity. The platform also uses verifiable random number generation and Web3 marketing initiatives to expand its reach. In 2022, CoinPoker made headlines by hosting the biggest pot in online poker history, with poker legends like Antanas ‘Tony G’ Guoga participating in a Pot Limit Omaha game that reached $7,750,000.

Despite differing regulatory approaches among jurisdictions posing challenges, the online poker market is set to expand rapidly. CoinPoker, with its unique position at the intersection of online poker and crypto, is well-placed to lead this growth. As the industry evolves, CoinPoker aims to remain at the forefront, much like the Argentina national team in football.

CoinPoker’s partnership with the Argentina National Football Team symbolizes a union of champions in their respective fields. This collaboration not only enhances the offerings for CoinPoker players but also aligns the platform with a globally recognized football powerhouse. As both entities continue to excel, they look forward to maintaining their leadership positions and achieving new heights together.

For more details and to experience CoinPoker firsthand, visit their website.

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