Bally’s New York Casino Rezoning Clears State Legislature
Summary
Bally’s is one step closer to making its Bronx casino dream a reality, as the New York state senate and assembly have passed crucial rezoning legislation. This approval paves the way for Bally’s to bid for one of the three available downstate casino licences, with a bid deadline of 27 June upcoming.
Key Points
- The New York state senate passed Senate Bill S7049A with a 55-4 vote, while Assembly Bill 7514 passed with a 132-2 vote.
- Bally’s plans to develop a $4 billion casino-resort on the Ferry Point golf course.
- The project faced criticism due to its ties with former President Donald Trump but managed to secure the necessary legislative approvals.
- With 11 original bids, the competition is tough, and only a few are ready to submit proposals.
- Bally’s is also pushing forward with its Chicago casino project, which has a September 2026 opening deadline.
- The company is currently facing financial scrutiny with a significant amount of debt and upcoming licence fees for the New York casino.
Why should I read this?
If you’re keen on the future of gaming in New York, this article is a must-read! It offers insights into the fast-moving world of casino legislation and the fierce competition among operators, giving you a front-row seat to Bally’s ambitious plans—and the challenges that lie ahead.
