{"id":1047,"date":"2025-09-29T16:47:50","date_gmt":"2025-09-29T16:47:50","guid":{"rendered":"http:\/\/www.chuckwardrealestate.com\/?p=1047"},"modified":"2025-10-06T11:51:34","modified_gmt":"2025-10-06T11:51:34","slug":"ballys-4-billion-bronx-casino-bid-wins-cac-approval","status":"publish","type":"post","link":"http:\/\/www.chuckwardrealestate.com\/index.php\/2025\/09\/29\/ballys-4-billion-bronx-casino-bid-wins-cac-approval\/","title":{"rendered":"Bally\u2019s $4 Billion Bronx Casino Bid Wins CAC Approval"},"content":{"rendered":"<ul>\n<li><strong>Advisory committee approves controversial Bronx casino plan<\/strong><\/li>\n<li><strong>It moves on to Gaming Facility Location Board (GFLB) for consideration<\/strong><\/li>\n<li><strong>Could be uphill battle for battle for Bally\u2019s due to property\u2019s Trump ties<\/strong><\/li>\n<\/ul>\n<hr \/>\n<p>Bally\u2019s plan to bring a $4 billion casino hotel to the Ferry Point golf course in the Bronx, NY, was approved by a community advisory committee (CAC), meaning the proposal advances in the competition to land three downstate casino permits.<\/p>\n<figure id=\"attachment_363853\" aria-describedby=\"caption-attachment-363853\" data-style=\"width: 858px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" class=\"wp-image-363853 size-post-thumbnail-858xAUTO lazyload\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\" width=\"858\" height=\"572\" data-src=\"http:\/\/www.chuckwardrealestate.com\/wp-content\/uploads\/2025\/09\/23887190_ImageLargeWidth-858x572-1.jpg\"><figcaption>A community advisory committee has voted to approve the application for the proposed Bally&#8217;s Ferry Point casino project. The application now advances to the New York Gaming Facility Location Board, which is expected to announce the winners of the state&#8217;s three downstate gaming licenses by the end of the year. (Image: Ballys)<\/figcaption><\/figure>\n<p>The project dubbed Bally\u2019s Bronx at Ferry Point was in jeopardy in July after the New York City Council voted 29-9 to reject a <a href=\"https:\/\/www.casino.org\/news\/ballys-bronx-new-york-city-casino-bid-dead\/\">land-use application<\/a> needed to rezone the land on which the regional casino operator is hoping to build the gaming venue. That property is classified as parkland, and under New York law, that status must be altered through legislative means before the real estate can be developed for commercial purposes.<\/p>\n<p>Mayor Eric Adams <a href=\"https:\/\/www.casino.org\/news\/new-york-city-council-democrats-wont-override-mayors-ballys-bronx\/\">saved the bid<\/a> by vetoing the council\u2019s vote. In a case of scheduling coincidence, the CAC vote on the Bally\u2019s project arrived a day after <a href=\"https:\/\/www.casino.org\/news\/nyc-mayoral-race-odds-improve-cuomo-following-eric-adams\/\">Adams dropped out<\/a> of the mayoral contest. Adams, a Democrat, was running as an independent and was badly lagging Zohran Mamdani, a Democratic socialist.<\/p>\n<h2>Bronx Casino Plan Far From Sure Thing<\/h2>\n<p>Bally\u2019s joins MGM Resorts International\u2019s Empire City Casino in Yonkers and Genting\u2019s Resorts World New York in Queens in advancing beyond the CAC process, but that doesn\u2019t assure any of those proposals of procuring one of the downstate permits.<\/p>\n<p><strong>Those bids and any others approved by CACs go on to the New York<\/strong> <strong>Gaming Facility Location Board (GFLB), which will ultimately decide on the three winners. That\u2019s expected to happen before the end of this year, though the decision could drag into 2026.<\/strong><\/p>\n<p>Bally\u2019s Bronx at Ferry Point is a potentially controversial case because the gaming company paid the Trump Organization <a href=\"https:\/\/www.casino.org\/news\/ballys-buying-trump-golf-lease-in-bid-for-bronx-casino\/\">$60 million for the remainder<\/a> of its lease there. That agreement includes a stipulation whereby if Bally\u2019s wins one of the downstate licenses, <a href=\"https:\/\/www.casino.org\/news\/if-ballys-wins-bronx-casino-license-trump-gets-115m-windfall\/\">another payment of $115 million<\/a> is due to President Trump\u2019s company.<\/p>\n<p>The president isn&#8217;t popular in his native state, and the possibility of further enriching him by granting Bally\u2019s a casino permit may be on the minds of regulators, thus making the Bronx proposal a stretch. While local politicians have voiced displeasure with the Bronx casino bid, regulators haven&#8217;t overtly displayed preferences.<\/p>\n<h2>New York Casino Race Update<\/h2>\n<p>On Monday, a Brooklyn CAC will vote on <a href=\"https:\/\/www.casino.org\/news\/coney-island-casino-will-sell-shares-to-locals-if-approved\/\">the fate of The Coney<\/a>. That\u2019s a proposal by Global Gaming Solutions \u2014 the commercial entity of the Chickasaw Nation, Thor Equities, Saratoga Casino Holdings, and Legends to bring a gaming venue to Coney Island.<\/p>\n<p><strong>Even if The Coney wins CAC approval \u2013 Adams is a member of that committee &#8212; it\u2019s considered a long shot to land one of the three downstate licenses.<\/strong><\/p>\n<p>On Tuesday, a CAC in Queens will vote on the $8 billion Metropolitan Park bid led by New York Mets owner Steve Cohen and Hard Rock International. Current speculation indicates that Empire City, Resorts World New York, and Metropolitan Park are the leaders in the New York City casino race.<\/p>\n<p>The post <a href=\"https:\/\/www.casino.org\/news\/ballys-4-billion-bronx-casino-bid-wins-cac-approval\/\">Bally\u2019s $4 Billion Bronx Casino Bid Wins CAC Approval<\/a> appeared first on <a href=\"https:\/\/www.casino.org\/news\">Casino.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Advisory committee approves controversial Bronx casino plan It moves on to Gaming Facility Location Board (GFLB) for consideration Could be uphill battle for battle for Bally\u2019s due to property\u2019s Trump ties Bally\u2019s plan to bring a $4 billion casino hotel to the Ferry Point golf course in the Bronx, NY, was approved by a community advisory committee (CAC), meaning the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1049,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"_links":{"self":[{"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/posts\/1047"}],"collection":[{"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/comments?post=1047"}],"version-history":[{"count":2,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/posts\/1047\/revisions"}],"predecessor-version":[{"id":1050,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/posts\/1047\/revisions\/1050"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/media\/1049"}],"wp:attachment":[{"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/media?parent=1047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/categories?post=1047"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/tags?post=1047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}