Bally’s New York casino rezoning clears state legislature
Summary
Bally’s Corp has received a significant boost for its casino proposal in New York after the state legislature passed essential rezoning legislation. The Bronx casino proposal, which is linked to a $4 billion resort plan, now awaits the Governor’s signature to advance further.
The legislation saw strong support in the state senate and assembly, with Bally’s now positioned to submit its bid for one of the three available downstate casino licences before the upcoming deadline.
Key Points
- Bally’s secured key votes from New York’s state senate and assembly for its Bronx casino proposition.
- The legislature’s approval allows Bally’s to submit its bid by the 27 June deadline.
- The proposed casino is a $4 billion investment on the Bally’s Links golf course.
- Bally’s faces financial scrutiny regarding its ability to fund such a large venture amid other significant projects.
- Other casino proposals are also in competition for the limited available licences.
Why should I read this?
If you’re interested in the evolving landscape of the casino business in New York, this article spills the beans on Bally’s ongoing progress and the high stakes involved. It’s a quick read that unveils key legislative moves that could shape the future of gaming in the city. Don’t miss out!