A community advisory committee (CAC) accepted Bally's plan to build a $4 billion casino hotel on the Bronx, New York's Ferry Point golf course, advancing the project in the competition for three downstate casino permits.
The New York City Council voted 29-9 to reject a land-use application required to rezone the land on which the regional casino operator hopes to develop the gambling venue, putting the project known as Bally's Bronx at Ferry Point in peril in July. According to New York law, the site is designated as parkland, and before it can be developed for commercial use, that status must be changed through legislative action.
By vetoing the council's decision, Mayor Eric Adams was able to rescue the proposal. The CAC vote on Bally's initiative coincidentally came one day after Adams withdrew from the mayoral race. Zohran Mamdani, a Democratic socialist, was far ahead of Democrat Adams, who was running as an independent.
Bally's has advanced past the CAC process along with Genting's Resorts World New York in Queens and MGM Resorts International's Empire City Casino in Yonkers, but none of those proposals are guaranteed to obtain a downstate permit.
The New York Gaming Facility Location Board (GFLB) will finally select the three winners from those bids and any others that have been approved by CACs. Although the decision may take until 2026, that is anticipated to occur before the end of this year.
The gambling corporation paid the Trump Organization $60 million for the balance of its contract at Bally's Bronx at Ferry Point, making it a potentially contentious case. A clause in the deal states that President Trump's business will be required to pay an additional $115 million if Bally's is awarded one of the downstate licenses.
The Bronx plan is a stretch because the president is unpopular in his home state and regulators may be considering giving Bally's a casino permission in order to further enrich him. Regulators haven't openly expressed preferences, but local lawmakers have expressed disapproval of the Bronx casino project.
A Brooklyn CAC will decide on The Coney's future on Monday. Global casino Solutions, a joint venture of the Chickasaw Nation, Thor Equities, Saratoga Casino Holdings, and Legends, has proposed to establish a casino facility on Coney Island.
The Coney is thought to have a slim chance of obtaining one of the three downstate licenses, even if it is approved by the CAC, of which Adams is a member.
The $8 billion Metropolitan Park bid, spearheaded by Hard Rock International and New York Mets owner Steve Cohen, will be put to a vote by a Queens CAC on Tuesday. According to current conjecture, the top three casinos in New York City are Empire City, Resorts World New York, and Metropolitan Park.
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