Bally’s New York casino rezoning clears legislature
Summary
Bally’s Corp has successfully passed key rezoning legislation in New York, vital for its Bronx casino proposal. The state senate and assembly voted overwhelmingly in favour, paving the way for Bally’s to submit its bid for one of three downstate casino licences by the 27 June deadline.
Key Points
- Bally’s secured crucial votes in the state legislature to advance its casino proposal.
- A total of three votes were required, with the New York City Council also granting approval.
- The operator is aiming for a $4 billion casino-resort in Ferry Point, Bronx.
- Contentions regarding its ties to Donald Trump have surfaced, though they did not hinder the process.
- The company is also managing multiple projects, including a permanent casino in Chicago.
Why should I read this?
If you’re keeping an eye on the gaming industry, this article is a must-read! Bally’s progress in New York represents a significant move in the ongoing battle for casino licences. With the deadline looming and various bids in the mix, understanding this landscape gives you a peek behind the curtains of one of the most competitive markets in America.