Big Win for Bally’s in NYC Casino Race – Trump Organization Scores $115M
Bally’s, a major player in the gambling world, has just secured a significant victory in New York City. They are one of three companies approved to build a casino in the city. The New York Gaming Facility Location Board gave the green light to Bally’s, along with two other groups:
- Steve Cohen, owner of the New York Mets, teaming up with Hard Rock.
- Genting Group, a Malaysian company planning a $5.5 billion expansion of their existing casino in Queens.
Bally’s Bronx: A Massive Casino Resort
Bally’s plans to build a huge casino resort in the Bronx, on the site of President Trump’s old golf course. This deal is a big win for the Trump Organization, which sold the land rights to Bally’s for $60 million in 2023. If Bally’s won a casino license, they would have to pay Trump an extra $115 million—and now that they’ve won, that payment is due.
The new casino, Bally’s Bronx, is set to open by mid-2030 with a $2.3 billion price tag. The project includes:
- 3,500 slot machines
- 210 table games
- A 507-room hotel
- A golf course designed by Jack Nicklaus
- A big event center
- Plenty of dining and shopping options
Community Concerns
Not everyone is happy about this deal. Some people are worried about the impact of casinos on communities, particularly regarding problem gambling and increased traffic.
Next Steps
Bally’s did not respond to questions about the deal with the Trump Organization, but the Board’s decision was unanimous. The next step is getting approval from the New York State Gaming Commission. If everything goes as planned, Bally’s Bronx could become a major attraction in the city.
