Trump Cashes Out as Bally's Seeks Casino License
Breaking it down for you:
Bally's Alleges New York Officials are Hindering Casino Development Due to Trump Linkage
This yarn's about Bally's Corp., who're chasing after a casino license to set up shop next to the Trump Golf Links in the Bronx. The golf course's lease was flogged by The Trump Organization for a cool $60 million to Bally's back in 2023. If Bally's manages to wrangle that casino license, The Trump Organization stands to make an additional $115 million in the deal.
But hold your horses, mate! The Bally's bid ain't a done deal just yet. They gotta navigate tight-ass state and city legalities before they can throw their hat into the ring, with all applications due by June 27, 2025, and a hefty $1 million fee tagged onto each one.
Grant Mitchell, an ex-jock, sports enthusiast, and shrewd sports betting connoisseur, is keeping his beady eye on this unfolding drama in the sports betting industry. He's been a pro since 2021 and has built a sterling rep with the likes of Forbes and VSiN. When Grant's not crunching numbers, you'll find him pounding the pavement or watching the game of the day.
Dishin' the Deets:
- Bally's seeks casino license for Trump Golf Links site in Bronx
- $60 million deal in 2023 sold golf course lease from The Trump Organization
- Additional $115 million for The Trump Organization if Bally's gets casino license
- Application process underway, June 27 deadline and $1 million fee
[1] "Bally's Corp. wants casino at Trump course, but licenses still pending" - New York Post (https://nypost.com/2025/05/29/balis-corp-wants-casino-at-trump-course-but-licenses-still-pending/)[2] "New York Casino Applications Due: What You Need to Know" - Casino.org (https://www.casino.org/news/new-york-casino-applications-due-whats-you-need-know/)[3] "Trump Organization: still thePlace for sketchy business deals" - The Hill (https://thehill.com/business/industries/592316-trump-organization-still-the-place-for-sketchy-business-deals/)[4] "The Political Pressure Cooker: Trump-Bally's Casino Deal Under Fire" - The Washington Examiner (https://www.washingtonexaminer.com/news/political-pressure-cooker-trump-ballys-casino-deal-under-fire)
- "Amidst the potential casino development at the Trump Golf Links in the Bronx, online news sources like the New York Post are reporting that Bally's Corp. is aiming to establish a casino, but the obtaining of the necessary licenses is still pending."
- "As the application process for New York casinos is underway, with deadlines by June 27, 2025, and a $1 million fee for each application, the future of the Trump-Bally's casino deal remains unclear."
- "Meanwhile, Grant Mitchell, an experienced sports betting enthusiast and analyst, is keenly observing this developing drama in the sports betting industry, particularly the possible implications of the Trump-Bally's casino deal on sports betting platforms amidst the ongoing DOJ interpretations regarding the Wire Act and the skirmishes between state laws and federal legislation."
