NEW YORK (AP) — A proposed Caesars Palace casino in Times Square that’s backed by Jay-Z lost its bid for a lucrative New York City-area gambling license on Wednesday after running into fierce opposition from Broadway theater owners and producers who were worried about its potential impact on the theater district.

A state-commissioned community advisory committee rejected the $5.4 billion plan to redevelop an office tower into a Caesars-branded hotel, gambling and entertainment complex.

Marc Holliday, CEO of SL Green, which was the project's primary developer and property owner, torched the decision following the brief vote in a small conference room overlooking Times Square.

“This was a despicable display of cowardice, a complete lack of consideration for all the people who would bene

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