Bally’s New York Casino Rezoning Clears State Legislature
Summary
Bally’s New York has taken significant strides in securing its casino proposal, with key votes from both the state senate and assembly to pass rezoning legislation. They are aiming for a $4 billion casino-resort in the Bronx, hoping to meet the upcoming bid deadline set for 27 June.
Key Points
- Bally’s secured necessary votes from the New York state senate and assembly for its Bronx casino proposal.
- The rezoning legislation passed with a substantial majority (55-4 in the senate and 132-2 in the assembly).
- Governor Kathy Hochul’s signature is required for Bally’s to proceed with its bid.
- The proposed casino-resort is to be built on Bally’s Links golf course, previously owned by Donald Trump.
- As the state’s bid deadline approaches, Bally’s is among a reduced field of competitors vying for one of the licences.
- Existing financial pressures may challenge Bally’s ability to fund the large-scale project.
Why should I read this?
If you’re keen on the latest developments in the casino industry, especially in New York, this article is a must-read! Bally’s moves could drastically shape the gaming landscape, and staying informed now may give you insights into future trends, especially with looming deadlines and financial implications at stake.