Bally’s still in New York casino race after council approval
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With three bids already withdrawn, several others are on the fringes.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 ohjoycasino.com, 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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The Wire Act of 1961 was used, at one point, to restrict forms of gambling across state lines. However, this was amended so it mostly applies to sports betting. The Indian Gaming Regulatory Act of 1988 regulates gaming on Indian lands. The US federal law provides the legal framework under which federally recognized tribes can operate casino gaming. While there are tribes that the State recognizes, there are no federally recognized tribes in NJ. Even the best casinos make mistakes, but they should fix them quickly.
