New York Mayor keeps hope for Bronx casino alive in latest intervention

New York Mayor Eric Adams vetoed a City Council decision, keeping the hope for a Bally’s casino in the Bronx alive.
On Tuesday, July 29, Mayor Eric Adams vetoed the City Council’s decision to deny land use changes needed for the proposed Bally’s casino in the Bronx. This marks the second intervention from Adams, after he last month lowered the threshold from 34 to 26 votes to meet a much-needed home-rule resolution.
The latest intervention from the mayor keeps the hopes for the $4 billion proposal for a 500,000 square foot gaming space in Throggs Neck, the Bronx. As well as providing a hub for gambling, it would also offer a spa, meeting space, retail spaces, parking garages for over 4,600 vehicles, and a 2,000-seat event center.
The move from Adams has given the proposal more time, as the state deliberates where the three casino licenses for the New York City area should be allocated. The City Council has until August 11 (two weeks from the mayor’s intervention) to gather 34 votes to overturn his decision.
“The City Council’s decision to treat the Bronx differently than other boroughs goes against the publicly stated, in-favor positions of the Bronx borough president and other councilmembers representing working-class neighborhoods across the Bronx,” said Adams in a statement.
Adams’ decision has been met with criticism from the Council, with Councilmember Kristy Marmorato saying, as reported by The City: “Despite the self-serving claims about housing and land use by Mayor Adams and his second Charter Revision Commission in less than two years, Mayor Adams has issued the first and only land use veto during his tenure for a casino applicant, not housing. This administration’s hypocrisy and unethical conduct is well documented and has been witnessed by all New Yorkers.”
Controversy over the new Bally’s location
Every new casino in New York must prove that it offers local benefits. While Bally’s argues that it offers widespread economic benefits, with $625 million promised in community support, critics of the proposal argue that the Bronx needs senior housing, improved transit options, and more investment into healthcare, rather than a casino and entertainment space.
Bally’s is not the only proposal vying for attention in the New York City area, with plenty of offers pushing for one of up to three licenses available.
Featured image: Bally’s Corp
The post New York Mayor keeps hope for Bronx casino alive in latest intervention appeared first on ReadWrite.

Posted in Tech | Tagged | Comments Off on New York Mayor keeps hope for Bronx casino alive in latest intervention

DraftKings and MLB union “close” to deal on player likeness suit

It appears a resolution is on the horizon for the ongoing legal fight between the Major League Baseball union groups and DraftKings. The issue stems from DraftKings using the likenesses and images of MLB players without permission in its app.
Originally in the hands of the MLB Players Association (MLBPA), the matter appears to now be handled by MLB Players Inc.. This is the for-profit arm of the union group, and in a letter to the US District Court for the Eastern District of Pennsylvania, the group said it was “close to reaching a resolution.”
The lawsuit essentially wants to ensure that apps like DraftKings are providing revenue to the MLB. As the players or league don’t have a contract to use their likenesses, it’s up to the union to secure that side of the business.
DraftKings is in court quite a bit these days
Other apps were sued in September, including DraftKings rival FanDuel. However, FanDuel settled in November 2024, with a new deal between the league and the gambling company to use the images.
Rather than settling, however, DraftKings continued to fight it in court. In May, the judge involved with the case sided with the union, and in March, before it, the judge again shut down the appeal.
There’s now a 30-day countdown, as the two parties will need to come to an agreement or end up back in court. This would be to sort out fact discovery.
DraftKings has been involved in many court cases in the last few months. In May, it was hit with a class action lawsuit over its marketing tactics. An extortion lawsuit hit courts in March, while another entity sued over its “micro-betting” core product. Connecticut customers also received a $3 million refund after it was found to be in breach of its advertising laws.
However, it has recently launched better tools to counter gambling addiction.
The post DraftKings and MLB union “close” to deal on player likeness suit appeared first on ReadWrite.

Posted in Tech | Tagged | Comments Off on DraftKings and MLB union “close” to deal on player likeness suit

Tesla Autopilot plaintiffs seek $345 million in damages over fatal crash in Florida

Jury deliberations have begun in a Tesla trial concerning a fatal Autopilot crash from 2019.

Posted in Tech | Tagged | Comments Off on Tesla Autopilot plaintiffs seek $345 million in damages over fatal crash in Florida

Female-founded semiconductor AI startup SixSense raises $8.5M

SixSense offers an AI-powered platform that helps chip makers prevent defects. It landed backing led by Peak XV’s Surge (formerly Sequoia India & SEA).

Posted in Tech | Tagged | Comments Off on Female-founded semiconductor AI startup SixSense raises $8.5M

Facing questions on AI strategy, Tim Cook says Apple is ‘very open’ to acquisitions

“The way that we look at AI is that it’s one of the most profound technologies of our lifetime” Cook said. “It will affect all devices in a significant way.”

Posted in Tech | Tagged | Comments Off on Facing questions on AI strategy, Tim Cook says Apple is ‘very open’ to acquisitions

Amazon CEO wants to put ads in your Alexa+ conversations

Amazon is spending a fortune on AI infrastructure and CEO Andy Jassy sees a new way to pay for it with Alexa+.

Posted in Tech | Tagged | Comments Off on Amazon CEO wants to put ads in your Alexa+ conversations

Apple projects tariff costs will hit $1.1B next quarter

That’s an uptick from the $800 million hit last quarter.

Posted in Tech | Tagged | Comments Off on Apple projects tariff costs will hit $1.1B next quarter

Figma’s top VCs are sitting on $24 billion worth of stock after massive IPO pop

Venture capital firms have been waiting for big exits after an extended lull in IPOs. Figma’s debut is returning billions.

Posted in Tech | Tagged | Comments Off on Figma’s top VCs are sitting on $24 billion worth of stock after massive IPO pop

Reddit revenue soars as it bets on AI and advertising

Reddit reported its Q2 earnings, and it’s clear that its focus on AI has ramped up significantly.

Posted in Tech | Tagged | Comments Off on Reddit revenue soars as it bets on AI and advertising

Apple has now sold 3 billion iPhones

The rate of iPhone sales growth has accelerated too. This uptick in sales might be temporary, though.

Posted in Tech | Tagged | Comments Off on Apple has now sold 3 billion iPhones