The competition is heating up for a highly sought-after gaming license in New York City, with President Donald Trump potentially set to earn $115 million if Bally's Corporation is awarded the right to convert a city-owned golf course into a casino. According to NBC New York, Trump's former company managed the Bronx's Ferry Point golf course before Bally's paid $60 million for the rights in 2023. An additional "gaming event fee" would trigger in Trump's favor if Bally's successful bid wins one of the three available gaming licenses.
Standing amid a series of high-profile bids, the Bally's proposal could require a leap through legislative hoops before it can realize its vision for the Bronx site. The area currently designated as public parkland necessitates a state Legislature-passed bill. Two local legislators have announced their intention to put forward such a bill, signaling that momentum may be building for the Bally's proposal, as reported by The Real Deal. This legislative move mirrors the progress made for another casino proposal near Citi Field in Queens.
The nuts and bolts of the Bally's project highlight plans for a sprawling 500,000-square-foot casino, detailed rounds out by a 500-room hotel complete with a spa and meeting space, extensive retail areas, an event center capable of hosting 2,000 guests, and a substantial parking infrastructure to accommodate upwards of 4,600 vehicles. Amidst this bustling development prospect, the windfall for Trump has captured attention, throwing yet another element of intrigue into a heated battle for the city's lucrative gaming licenses.
As the June application deadline approaches, operators are racing to finalize their proposals and secure support. The competition is intense, with established racinos planning upgrades and major players like Caesars Palace and the owner of the New York Mets entering the race.
