The Community Advisory Committee (CAC) overseeing the $5.4 billion casino proposal fronted by Caesars and Jay-Z for 1515 Broadway in Times Square voted down the bid by a 4-2 vote Wednesday.

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The $5.4 billion casino, Caesars Palace Times Square, was one of eight proposed gambling facilities under consideration for the New York City area.

A casino will not be coming to the heart of Times Square after the Community Advisory Committee voted down the proposal ...

The proposal for a casino in Times Square was rejected on Wednesday morning by the Community Advisory Committees.