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But Wynn says “any casino operator” will face stiff opposition for years to come. The company said it will instead spend its capital on stock buybacks and existing and upcoming developments. It is building the first casino resort in the Middle East in the United Arab Emirates. “We appreciate the City Council, including the Speaker and Bronx Delegation in particular, for recognizing the opportunity that this project can afford to the Bronx and the City as a whole.
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Wednesday’s actions were an example of what’s known in New York as a “home rule”, which is a unique legislative framework for the state. Essentially, it allows for municipalities like New York City to pass their own laws, meaning that the council needed to approve it before the state legislature. Prosecutors said from June 2022 through August 2024, Lopez and his co-defendants operated Eclipse Social Club as an illegal gambling house.
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