Bally’s New York Casino Rezoning Clears State Legislature
Summary
In a week’s time, Bally’s secured three key votes to keep its New York casino hopes alive. On Friday, the New York state senate and assembly passed vital rezoning legislation for Bally’s proposed casino in the Bronx. This legislation allows the company to push forward with plans to apply for one of the available downstate casino licenses, with a deadline approaching at the end of June.
Key Points
- The New York state legislature passed essential rezoning for Bally’s proposed $4 billion casino in the Bronx.
- Key votes in the senate (55-4) and assembly (132-2) pave the way for a bid submission by 27 June.
- Local criticism related to Trump’s involvement did not impede progress on the project.
- The New York City Council approved the rezoning just days before the state legislature’s vote.
- Bally’s aims to navigate a competitive bidding landscape with several other candidates vying for licenses.
Why should I read this?
If you’re keeping an eye on the gaming industry’s ever-evolving landscape, this update is key. Bally’s push for a New York casino could reshape the local economy and gaming scene. With so much at stake and the deadline approaching, understanding the implications of these developments will save you time in piecing together the ongoing saga of casino expansions in the Big Apple.