By PHILIP MARCELO

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

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A state-commissioned community advisory committee brought the curtain down on the $5.4 billion plan to redevelop an office tower into a Caesars-branded hotel, gambling and entertainment complex, rejecting it in a vote that occurred after public hearings in which the Broadway League, actors, stagehands, restaurant owners and neighborhood residents lined up to oppose the project.

Marc Holliday, CEO of SL Green, which was the project’s primary developer and property owner, tor

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