US President Donald Trump is in line to receive a $115m payment if Bally’s Corporation is successful with its bid to get one of three downstate New York casino licenses. The company is battling it out with almost a dozen other proposals as it tries to bring a resort to the Bronx on the site of a golf course that was previously run by The Trump Organization.
forked over $60m to the firm in 2023 to take over the operation of the golf course
Bally’s forked over $60m to the firm in 2023 to take over the operation of the golf course and remove the Trump name. The Associated Press has reported that part of the agreement states that Bally’s will give an additional $115m to Trump if its bid is successful.
Bally’s is up against stiff competition, such as Steve Cohen’s Citi Field plan and a Times Square casino backed by Jay-Z. It also received a credit downgrade over financing concerns last week as it builds Chicago’s first-ever casino.
Many lawmakers in New York are anti-Trump, which could also work against its efforts when it comes time for public officials to consider the proposals. The expectation is that the New York State Gaming Commission will decide on the recipients of the three licenses before the end of 2025.
