Jay-Z is part of a group that hopes to bring a casino to Times Square.

Soon, three new full-scale casino licenses will be issued in the New York City area, and business interests from across the globe are looking to get in on the action.Īmong those vying for the rights to develop their gambling and leisure megacomplexes – the licensing fee is $500 million with a minimum investment of another $500 million in the property – are celebrities and billionaire sports team owners.