Jay-Z's Roc Nation pledges over $15 million if they win Hell's Kitchen casino bid [Yahoo! Finance]
Caesars Entertainment, Inc. (CZR)
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Source: Yahoo! Finance
Jay-Z is ensuring the people of New York City will benefit if Roc Nation and Caesars Entertainment win one of the three highly coveted casino licenses currently up for grabs in New York City. The music mogul and Roc Nation have announced they will commit over $250 million in grant money for Hell's Kitchen if the neighborhood lands the bid for a Caesars Palace Times Square casino, reports Page Six The outlet adds that Roc Nation would give an initial $15 million to the local community in addition to “regular” grants based on .5% of the casino's performance. The Caesars Palace Times Square team has reportedly already met with residents of nearby affordable housing communities to introduce the concept and outline how they would benefit. “We are New Yorkers. Supporting and providing opportunities for our neighborhoods and community isn't just a part of Roc Nation's ethos… it's our collective responsibility,” Jay-Z expressed in a statement according to Page Six. “Any proposal that
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CZR
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- 7/30/24 - Miss
CZR
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- 7/30/24 - Form 8-K/A
- 7/30/24 - Form 10-Q
- CZR's page on the SEC website