Bally’s New York Casino Rezoning Clears State Legislature
Summary
Bally’s corporation has secured crucial votes for their proposal to develop a $4 billion casino-resort in the Bronx, New York. On Friday, the New York state senate and assembly passed the necessary rezoning legislation, putting Bally’s one step closer to submitting its bid by the end of June.
Key Points
- Bally’s gained approval from both the New York state senate and assembly for its Bronx casino proposal.
- The project includes plans for a $4 billion casino-resort on its Bally’s Links golf course in Ferry Point.
- This proposal was facilitated by the unique ‘home rule’ system, where local approval was necessary before state action.
- Governor Kathy Hochul’s signature is the final step before the bid can be submitted by the 27 June deadline.
- The casino rezoning has faced criticism tied to its ownership links with the Trump Organisation, yet has advanced through legal channels.
Why should I read this?
If you’re interested in the constantly evolving landscape of the gaming industry, this article is a must-read! Bally’s New York casino project not only shows the intricate dance of legislation and business but also highlights the business pressures faced by a company trying to expand in a market that’s both competitive and riddled with regulation. Don’t miss out on how this could change the future of gambling in New York!