Bally’s New York Casino Rezoning Clears State Legislature
Summary
Bally’s has successfully navigated its proposal through the New York state legislature, clearing essential rezoning legislation that allows for a new casino project in the Bronx. The Senate and Assembly votes mark a significant step towards obtaining one of three downstate casino licences, with a bid deadline looming.
Key Points
- The New York state legislature approved Bally’s rezoning legislation with a strong majority.
- The casino proposal includes a $4 billion resort on the Bally’s Links golf course in Ferry Point.
- New York’s home rule system necessitated New York City Council approval before the state could act.
- Criticism has arisen regarding the property’s prior ownership by Donald Trump, yet this has not stalled progress.
- Bally’s is competing in a narrowing field of bids, with significant financial obligations looming.
Why should I read this?
If you’re keen on the gaming and entertainment industry, this article is a must-read! Bally’s casino project could reshuffle the landscape of gambling in New York. With the deadline approaching, understanding these developments could give you insight into future trends in the sector. We’ve done the legwork for you—grab a coffee and dive in!