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International Business Times
International Business Times
Business

New York Officials Sink Times Square Casino Bid

A panel of state and city officials has voted down a proposal by rapper Jay-Z and other backers to open a casino in New York's Times Square District (Credit: AFP)

A well-financed campaign to build a casino in the heart of New York's theater district collapsed Wednesday as a government-appointed panel voted down the proposal.

Opposition to the project was led by community groups who said a casino would lure unsavory people and theater interests who argued it would cut into Broadway's business.

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