Bally’s New York casino rezoning clears legislature
Summary
Bally’s Corp has successfully navigated crucial votes to advance its casino plans in New York. The New York state legislature has passed rezoning legislation necessary for the project, aimed at securing one of the three downstate casino licenses available.
The Senate and Assembly have approved key bills that will allow Bally’s to move forward with a proposed $4 billion casino-resort project located at Bally’s Links golf course in the Bronx. The timing is tight, as the bid must be submitted by 27 June.
Key Points
- The New York state legislature approved the necessary rezoning legislation for Bally’s casino project.
- Bally’s is proposing a $4 billion casino-resort on a golf course in the Bronx.
- The legislature passed the key Senate Bill and Assembly Bill with significant majorities.
- Time is of the essence, with a deadline for submission of bids looming at the month’s end.
- Bally’s is also dealing with financial challenges that could affect the project, including high upfront costs.
Why should I read this?
If you’re curious about the future of gaming in New York, this article breaks down Bally’s bold moves to establish a casino in the Bronx. With deadlines looming and financial hurdles ahead, it’s a fascinating look at how the industry is evolving, especially in a state poised for significant gaming expansions.