SL Green bets odds of Caesars Palace in Times Square are ‘dramatically better’ after rival folds

Monday, June 16, 2025 8:27 PM
Photo:  SL Green (courtesy)
  • Aaron Elstein, Crain's New York Business

SL Green reckons its chances of securing a casino license for Times Square have greatly improved since rival Related Cos. abandoned its quest last month to build one in Hudson Yards.

SL Green’s odds of winning one of the three downstate licenses are “dramatically better and pretty good,” Chief Financial Officer Matt DiLiberto told an audience of institutional investors last week, according to the event’s host.

Manhattan’s largest office landlord wants to develop a casino and a 50-story hotel at 1515 Broadway, a 57-floor, 1.7 million square-foot tower occupied mostly by media giant Paramount Global.

In recent weeks the field of rival bidders has shrunk.