Jay-Z has significantly succeeded with business ventures outside his legendary rap career. In his latest venture, he is teaming up with investors to bring a casino to Times Square in New York City.
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Legendary Brooklyn rapper Jay-Z and businessman is set to collaborate with investors to bring a casino to Times Square in New York City.
According to a New York Post report, Jay-Z’s Roc Nation has partnered with real estate investment firm SL Green and Caesars Entertainment to launch a casino at SL Green’s 1515 Broadway Office Tower.
Jay-Z, who recently invested in SpaceX’s robo-pizza startup, is expected to oversee entertainment programming at the casino along with Roc Nation. HOV recently released a statement about his new business venture,
“New York is the epicenter of culture. We have an opportunity to create a destination at the heart of the true crossroads of the world”, Jay-Z said.
SL Green CEO Marc Holiday shared details about the casino, which will have eight floors, house restaurants, and will be approximately 250,000 square feet with a new 800-room 5-star hotel built above it.
With such an influential rapper like Jay Z teaming up to invest in the new casino, it highlights a possible hidden agenda in gambling culture within the hip-hop community.
Rap Icon Nicki Minaj is among other rappers who have also promoted gambling. She was named creative director of MaximBET, in which she will be actively involved in the company’s plan for online gambling.
Additionally, rap superstar Drake, who is known for being a big gambler, recently promoted a new betting platform involving cryptocurrency called Stake this year. However, gambling has a tragic history within the Black community.
Recently, Migos rapper Takeoff was fatallykilled while gambling in a dice game that went wrong in Houston. Migos often spoke about their gambling habits, and one can say it was a part of their culture.
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