The statement read: “This weekend alone, four Broadway shows (1776, Into the Woods, Almost Famous and Beetlejuice) will be closing their doors, another indication that Times Square has yet to make an economic recovery since the beginning of the pandemic.
"With a record number of shows unexpectedly closing this season, we are at a critical moment in defining the future of Broadway and the Times Square area.
“Fortunately, there is an opportunity to bring a new influx of visitors to the theatre district and ensure that Times Square remains the greatest entertainment destination for New York City: Caesars Palace Times Square."
In October 2022, Caesars Entertainment announced that it is partnering with SL Green Realty to open a new casino at 1515 Broadway in Times Square.
It concentrated on the proposal’s social and economic aspects, including the supposed benefits for New York, to make the stakeholders accept.
The Coalition continued: "The current proposal by SL Green, Caesars Entertainment, and Roc Nation, and supported by this coalition, would generate an estimated 412,000 new Broadway ticket sales annually and bring more than $65m in new revenue for the Broadway industry.
"The Coalition supports Caesars Palace Times Square because it is being designed specifically to support Broadway and the entire Times Square community, bringing an influx of tourists and New Yorkers to the area’s hotels, restaurants and entertainment venues.”