Bally’s New York Casino Rezoning Clears State Legislature
Summary
Bally’s has secured vital votes in the New York state legislature, paving the way for its proposed casino in the Bronx. The rezoning legislation passed both chambers, enabling Bally’s to submit a bid for one of three coveted downstate casino licences.
Key Points
- The New York state senate and assembly approved Bally’s rezoning legislation essential for its Bronx casino proposal with substantial majority votes.
- The proposal entails a $4 billion casino-resort project situated near the Whitestone Bridge.
- Approval from Governor Kathy Hochul is the final step before Bally’s can bid on the casino licence.
- The deadline for submissions is approaching quickly, with Bally’s joining a competitive field of at least 11 bids.
- Despite some local criticism regarding ties to former President Trump, the project remains on track for approval.
Why should I read this?
If you want to stay updated on the latest developments in the ever-evolving casino landscape, this article is a must-read! Bally’s aggressive push could reshape the gaming market in New York and presents a snapshot of how gaming legislation can shift when stakes are high.