Bally’s New York casino rezoning clears state legislature
Summary
Bally’s Corp has made significant progress in its attempt to establish a casino in New York’s Bronx area. Recent votes by the state senate and assembly have passed necessary rezoning legislation, positioning Bally’s close to submitting a bid for one of the three available downstate casino licenses. The approval followed a quick series of local council decisions and is a crucial step for Bally’s $4 billion casino-resort project on a former golf course acquired from the Trump Organisation.
Key Points
- The New York state legislature has passed rezoning laws necessary for Bally’s casino proposal.
- Governor Kathy Hochul is expected to sign the legislation, allowing Bally’s to bid for a casino licence by 27 June.
- Public concern over the connection to Donald Trump did not prevent approval of the project.
- Many bidders are in competition, with ongoing environmental reviews for several proposals in Manhattan.
- Bally’s is also managing multiple projects, including a $1.8 billion casino in Chicago.
Why should I read this?
If you’re keeping tabs on the gaming industry, the recent developments surrounding Bally’s New York casino proposal are critical. It reflects not only a major player in the gaming sector but also the ongoing shifts in local governance and economic strategies. Understanding these moves can prepare you for emerging trends in the casino and gaming landscape.