Bally’s New York casino rezoning clears state legislature
Summary
Bally’s Corporation has successfully navigated the legislative maze as the New York state senate and assembly have passed crucial rezoning legislation for its proposed Bronx casino. With strong votes securing the way forward, Bally’s is on the brink of submitting its bid for one of the three available downstate licences with a high-stakes proposal for a $4 billion resort.
Key Points
- The New York Senate passed the rezoning legislation with a 55-4 vote, followed by the Assembly’s overwhelming support of 132-2.
- Bally’s aims to build a $4 billion casino-resort on its Bally’s Links golf course in Ferry Point.
- The proposed casino has faced criticism due to its historical ties with Donald Trump but continues to make progress in legislation.
- The state’s application submission deadline is 27 June, so time is of the essence for Bally’s to secure all necessary approvals.
- The company is also working on multiple projects, including a $1.8 billion casino in Chicago and developments on the Las Vegas Strip.
Why should I read this?
If you’re intrigued by the complexities of big casino projects and the intense lobbying involved in securing legislative approvals, this article is a must-read! Bally’s New York casino proposal is racing against time, and the implications of this development stretch far beyond just a new gaming destination. Knowing what’s at stake could give you valuable insights into the industry’s future!