Mayor Helps Ballys Clear Key Council Vote for Casino Bid NYC News
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With three bids already withdrawn ohjoycasino, several others are on the fringes. This includes a Coney Island bid from Thor Equities, which faces a council vote Thursday, and the Manhattan bids, which are trudging through environmental reviews. On paper, it would seem difficult for Bally’s to complete such a project even if a licence were to be awarded. The company is currently racing against the clock to construct its permanent Chicago casino by September 2026. That project, which costs significantly less ($1.7 billion), has seen multiple setbacks, including a recent work stoppage over unapproved contractors. A significant funding agreement was needed to finance the project.
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A formal announcement is expected sometime soon following a greenlight from the Virginia Lottery. “The Caesars team told me they were working with the Virginia Lottery to have a temporary casino at the [Schoolfield] site.” Caesars plans to build a temporary casino in Danville, Virginia at the future site of Caesars Virginia.