Bally’s New York Casino Rezoning Clears State Legislature
Summary
Bally’s Corp has successfully navigated the legislative process for its proposed casino in the Bronx, with rezoning legislation receiving the green light from New York’s state senate and assembly. With votes from both chambers required, the bill now awaits the signature of Governor Kathy Hochul, just in time for the application deadline on June 27.
Key Points
- Bally’s proposal for a $4 billion casino-resort on a golf course in Ferry Point has passed crucial zoning votes.
- The company received legislative approval for its Bronx casino proposal yesterday, setting the stage for a bid submission.
- The deadline for applications for downstate casino licenses in New York looms, with Bally’s aiming to submit by June 27.
- There are more than 11 bids in play, but only a couple are ready to meet the upcoming deadline.
- Bally’s also has ambitious plans for a permanent casino in Chicago and projects on the Las Vegas Strip.
Why should I read this?
If you’re interested in the changing landscape of gaming in New York and how substantial investments like Bally’s can reshape local economies, this article is your go-to. It’s packed with essential details on legislative progress, potential impacts, and the larger context of casino developments in the region.