Bally’s New York Casino Rezoning Clears State Legislature
Summary
Bally’s Corporation has made significant progress in its quest to establish a casino-resort in New York’s Bronx area. The New York state senate and assembly passed crucial rezoning legislation, allowing Bally’s to secure one of three downstate casino licences. Proposed to be built on Bally’s Links golf course, the ambitious $4 billion project requires one final signature from Governor Kathy Hochul.
With the deadline for applications looming, Bally’s aims to submit its bid by June 27, following rapid legislative approvals that are vital for this venture.
Key Points
- The New York senate and assembly passed rezoning laws facilitating Bally’s casino proposal with substantial majority votes.
- Bally’s plans a $4 billion casino-resort on its ferry Point golf course, near the Whitestone Bridge.
- Despite local criticism related to its previous purchase from the Trump Organisation, the proposal maintained its momentum.
- Bally’s is racing against a deadline as it seeks to finalise its application for a new casino license by June 27.
- Concerns exist about the financial viability of the casino project under the company’s current debt situation.
Why should I read this?
If you’re keeping an eye on the gaming industry and New York’s burgeoning casino market, this article is a must-read! Bally’s latest moves could change the landscape of gaming in the state, especially with so much at stake for both the company and local economies. Trust us, you’ll want to know the details before the bids go in!