Bally’s New York casino rezoning clears state legislature
Summary
Bally’s Corporation is advancing its bid for a casino in the Bronx after successfully passing rezoning legislation through the New York state senate and assembly. The legislation now awaits the Governor’s approval, allowing Bally’s to submit a bid for one of the available downstate casino licences by the 27 June deadline.
Key Points
- Bally’s needs Governor Hochul’s signature to proceed with its proposal for a $4 billion casino-resort.
- The rezoning legislation passed with large majorities in both the senate (55-4) and assembly (132-2).
- The company is racing against the clock as the deadline for submitting bids approaches.
- Concerns over Bally’s association with the Trump Organisation did not impede progress on the proposal.
- In a competitive field of bids, Bally’s is among those poised to submit a proposal for one of the three available casino licenses.
Why should I read this?
If you’re interested in the bustling casino industry and the shifting landscape of gaming in New York, this update is crucial. Bally’s moves bring us one step closer to seeing how legal gaming evolves in the Bronx, and who knows, you might even want to place a bet there one day!