"NEW YORK - A community advisory panel on Monday allowed a proposal by Bally's Corp. for a casino in the Bronx to move forward, the second instance in which a company that owns a casino in Atlantic City may get the right to compete against itself in New York for many of the same customers. The panel approved Bally's plan to build a $4 billion resort spanning 16 acres of parking lots and practice green areas at Bally's Golf Links at Ferry Point."
""We are happy to have completed this important process of gaining community feedback and concerns," said Soo Kim, chairman of Bally's Corp. "The affirmative vote is a signal that we have been able to address many of those concerns, and now we look forward to the next steps of state selection." The company also owns Bally's Atlantic City, which it has promised to keep open if it receives permission to build a casino in the Bronx."
Bally's received community panel approval to advance a $4 billion resort on 16 acres at Bally's Golf Links at Ferry Point in the Bronx. MGM Resorts secured approval to upgrade Empire City Casino in Yonkers into a full casino resort. Hard Rock and Mets owner Steve Cohen proposed Metropolitan Park, an $8.1 billion development with a casino, hotel, entertainment venue, restaurants and 25 acres of park space next to CitiField. All three bidders own Atlantic City casinos and have pledged to keep those properties open, prompting concern that New York entrants could draw customers away from Atlantic City as it recovers from the COVID-19 downturn.
Read at Press of Atlantic City
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