Welcome to the Weekend Report, where iGB looks at the news that you may have missed across Friday, Saturday and Sunday. This week: SL Green CEO £10 million bonus hinges on Times Square casino, expert warns computer game addiction drives teens to gambling and OBE for GambleAware CEO.
SL Green CEO set for £10 million Times Square casino bonus
Up first, Marc Holliday, the CEO of the real estate investment trust, will receive a $10 million (£8 million/€9.7 million) bonus if he can secure a land-based casino at New York’s iconic Times Square.
According to Crain’s New York Business, SL Green confirmed the bonus last week. The trust is hoping to gain permission from the state to convert a 54-storey tower into a casino and hotel.
SL Green is working in partnership with Caesars Entertainment and Roc Nation on the bid for a New York casino. However, the project faces competition from a host of other interested parties.
The Related Cos, Silverstein Properties, Bally’s, Miriam Adelson’s Las V..