New York Pushes Ahead With Three City Casino Plans

New York Pushes Ahead With Three City Casino Plans

New York finally made the call to bring casinos downstate, with three proposals all being approved. It’s been years of back-and-forth, so the decision is kind of a huge deal. Those who were supporting it are now celebrating what they say will be a major economic boost.  Projects Framed as Engines of Growth Three new casino sites are in the mix: Willets Point, the Aqueduct Racetrack in Queens, and a Bronx location. Developers are promising jobs, …

Bally's buys Bronx casino site from NYC for $157M

Bally’s Corporation has officially purchased the Bronx parkland where it will build one of three new casinos downstate after the company secured a gaming license in December. As first reported by the Commercial Observer, the company last week purchased the 16-acre parcel at 450 Hutchinson Parkway in Throggs Neck—formerly leased to Donald Trump—from the city for $156.6 million. The proposal survived a City Council vote that initially denied a cru…