Big Win for Bally’s in NYC Casino Race – Trump Organization Scores $115M

Bally’s, a major player in the gambling world, just secured a big win in New York City. They’re one of three companies getting the green light to build a casino in the city. The New York Gaming Facility Location Board gave the thumbs up to Bally’s, along with two other groups. One of those is Steve Cohen, who owns the New York Mets and is teaming up with Hard Rock. The other is Genting Group, a Malaysian company planning a massive $5. 5 billion expansion of their existing casino in Queens. Bally’s plan is to build a huge casino resort in the Bronx, right where President Trump’s old golf course used to be. This deal is a big score for the Trump Organization. Back in 2023, they sold the rights to the land to Bally’s for $60 million. But here’s the kicker: if Bally’s won a casino license, they’d have to pay Trump an extra $115 million. And now that they’ve won, that money is due. The new casino, called Bally’s Bronx, is set to open by mid-2030. It’s a massive project with a $2. 3 billion price tag. The plan includes 3, 500 slot machines, 210 table games, and even a 507-room hotel. There’s also a golf course designed by Jack Nicklaus, a big event center, and plenty of places to eat and shop. But not everyone is happy about this deal. Some people are worried about how casinos affect communities, especially when it comes to problem gambling and traffic. Bally’s didn’t respond to questions about the deal with the Trump Organization. But the Board’s decision was clear: they unanimously picked Bally’s to move forward with their plans. Now, 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.