Wayne Parry

ATLANTIC CITY — Two massive casinos proposed for Manhattan, including one by the largest owner of casinos in Atlantic City, have been rejected, removing some of the potential competition for the seaside gambling resort.

A Community Advisory Committee on Wednesday rejected a proposal by Caesars Entertainment, rap mogul Jay-Z and a major New York developer to build a $5.4 billion casino in the heart of Times Square.

Caesars Entertainment owns three of Atlantic City’s nine casinos: Caesars Atlantic City, Harrah’s Resort Atlantic City and Tropicana Atlantic City.

The company issued a statement Thursday saying it will remain engaged with New York despite the ruling.

“While we are disappointed by the outcome, our commitment to New York remains unwavering,” it said. “We are proud

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