Bally’s New York Casino Rezoning Clears State Legislature
Summary
The New York state senate and assembly have passed the crucial rezoning legislation for Bally’s proposed casino in the Bronx. This vote is essential for securing one of the three downstate casino licences available. The governor now needs to sign off for Bally’s to push forward with its $4 billion proposal.
Key Points
- The rezoning was necessary for Bally’s to submit a bid for the Bronx casino location by the 27 June deadline.
- The $4 billion casino resort will be located on Bally’s Links golf course, acquired from the Trump Organisation in 2023.
- The state legislature has approved the bills, and now it’s pending the governor’s signature.
- The competitive nature of the bids means Bally’s must act quickly as only a few proposals are ready to submit.
- Bally’s is simultaneously managing other projects, including a $1.8 billion casino in Chicago and potential plans on the Las Vegas Strip.
Why should I read this?
If you’re interested in the evolving landscape of gaming in New York, then this article is a must-read. Bally’s casino project is not just about gambling; it’s tied to broader economic implications, state licensing issues, and local controversies. So, if you want to stay ahead of the game, this update has got you covered!