Bally’s New York casino rezoning clears state legislature
Summary
Bally’s New York casino bid has cleared a significant hurdle as the state legislature passes essential rezoning legislation for their Bronx casino proposal. With a total of three crucial votes secured, Bally’s is on the verge of submitting a bid for one of three available downstate licences in New York.
Key Points
- New York state senate and assembly passed critical rezoning legislation for Bally’s Bronx casino.
- The casino project is seeking a $4 billion investment at Bally’s Links golf course.
- Govenor Kathy Hochul’s approval is the final step before the bid submission by 27 June.
- The proposal faced some criticism due to its ties with the Trump Organisation, but this did not impede progress.
- Only two out of eight bidders are ready to submit their proposals ahead of the state’s deadline.
Why should I read this?
If you’re keeping an eye on the gaming landscape in New York or just curious about the potential for new casino developments, this article spells out the latest moves from Bally’s, highlighting the legislative steps they’ve taken towards a substantial investment that could reshape the local economy. Plus, it’s an inside look at how these big projects navigate political waters.