{"id":259394,"date":"2023-02-13T01:56:40","date_gmt":"2023-02-13T07:56:40","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=259394"},"modified":"2023-02-13T16:44:59","modified_gmt":"2023-02-13T22:44:59","slug":"ballys-talking-with-trump-org-about-bronx-casino-at-ferry-point","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/ballys-talking-with-trump-org-about-bronx-casino-at-ferry-point\/","title":{"rendered":"Bally\u2019s Discussing Bronx Casino with Trump Organization"},"content":{"rendered":"<p>Bally\u2019s (NYSE: BALY) is reportedly in talks with the Trump Organization &#8212; the conglomerate controlled by former President Donald Trump&#8217;s family &#8212; to bring a casino hotel to the Bronx, N.Y.<\/p>\n<figure id=\"attachment_259395\" aria-describedby=\"caption-attachment-259395\" data-style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-259395\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/Trump-142x80.jpg\" alt=\"Bally's\" width=\"1200\" height=\"675\" \/><figcaption  id=\"caption-attachment-259395\"class=\"text-description\">Trump Golf Links at Ferry Point in the Bronx, NY, seen above. Bally&#8217;s now wants to bring a casino there. (Image: <em>Golf Digest<\/em>)<\/figcaption><\/figure>\n<p>The <em>New York Post<\/em> reports the regional casino operator is discussing using a small amount of the acreage near the Trump Golf Links at Ferry Point. The Trump Organization and the city of New York own the land. Bally\u2019s and the Trump Organization are said to be talking about 17 of the 300 acres, though the gaming company would likely only need 10, according to the <em>Post<\/em>.<\/p>\n<blockquote class=\"main-blockquote\"><p><strong>The project could create over 15,000 construction jobs and more than 3,500 permanent, high-paying union gigs with salaries starting at $70,000, plus benefits and retirement,\u201d<\/strong> the <em>Post<\/em> reported, citing unidentified sources familiar with the matter.<\/p><\/blockquote>\n<p>The Trump Organization holds an array of business interests and is currently run by the former president&#8217;s two sons &#8212; Donald Jr. and Eric. The company\u2019s bread and butter consists of commercial real estate, high-end golf courses, and luxury hotels, including a 50% interest in an eponymous venue just off the Las Vegas Strip. Trump friend and <a href=\"https:\/\/www.casino.org\/news\/phil-ruffin-reportedly-making-bid-to-get-oakland-as-to-las-vegas\/\">donor Phil Ruffin<\/a> owns the other half of that property.<\/p>\n<h2>Bally\u2019s Enters Crowded New York Casino Field<\/h2>\n<p>Rumors regarding Bally\u2019s mulling a New York casino hotel <a href=\"https:\/\/www.casino.org\/news\/new-york-city-casino-fray-reportedly-includes-ballys-lvs-wynn\/\">date back to at least 2021<\/a>, indicating there could be viability to the speculation about talks with the Trump Organization.<\/p>\n<div class=\"callout\">\n<p>The Rhode Island-based gaming operator is the first in the industry to float the idea of a gaming venue in the Bronx. To date, rivals Caesars Entertainment (NASDAQ: CZR) and Wynn Resorts (NASDAQ: WYNN), among others, are eyeing Manhattan for a New York casino, while <a href=\"https:\/\/www.casino.org\/news\/nostrand-gardens-civic-association-opposes-new-york-casino-plan\/\">Las Vegas Sands (NYSE: LVS<\/a>) is focusing on Long Island. Other entities are pursuing Brooklyn and Queens as potential homes for a new gaming venue.<\/p>\n<\/div>\n<p>Bottom line: Bally\u2019s is entering a crowded field &#8212; one many observers believe is vying for just one casino permit. Currently, Bally\u2019s doesn\u2019t operate a New York gaming property, but it holds a sports betting license in the state.<\/p>\n<p>Bally\u2019s isn\u2019t a stranger to bidding for casino projects in major cities. The company was successful in its pursuit to bring a casino hotel to Chicago &#8212; that city\u2019s first &#8212; but some analysts pondered whether or not the operator has the financial resources to build <a href=\"https:\/\/www.casino.org\/news\/ballys-chicago-casino-proposal-clears-hurdle-as-committee-oks-1-7b-project\/\">the $1.7 billion<\/a> Windy City property while pursuing opportunities in other large metropolitan areas.<\/p>\n<h2>Ferry Point History<\/h2>\n<p>Trump Golf Links at Ferry Point sits on land that used to be a garbage dump. But weekday green fees of $162, or\u00a0 $195 on the weekend for New Yorkers belie that interesting history. Golfers that aren\u2019t New York residents are charged $208 during the week, and $240 Friday through Sunday.<\/p>\n<div class=\"callout\">\n<p>In January 2021, former New York Mayor Bill de Blasio &#8212; a Democrat &#8212; attempted to scrap the city\u2019s contract with Trump pertaining to the golf course. He cited the former president\u2019s alleged criminal role in the Jan. 6, 2021 incident at the US Capitol Building. No criminal court has found the 45<sup>th<\/sup> president guilty of January 6-related crimes, and in April 2022, a Manhattan Supreme Court judge ruled that de Blasio was wrong to scuttle that agreement.<\/p>\n<\/div>\n<p>It\u2019s possible that if it wins a casino license, Bally\u2019s will move to acquire all of the Ferry Point land in the future, according to the <em>Post<\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bally\u2019s (NYSE: BALY) is reportedly in talks with the Trump Organization &#8212; the conglomerate controlled by former President Donald Trump&#8217;s family &#8212; to bring a casino hotel to the Bronx, N.Y. The New York Post reports the regional casino operator is discussing using a small amount of the acreage near the Trump Golf Links at [&hellip;]<\/p>\n","protected":false},"author":46,"featured_media":259395,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,33810,1],"tags":[81897,81898,81967],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bally&#039;s Talking With Trump Org About Bronx Casino At Ferry Point<\/title>\n<meta name=\"description\" content=\"Bally&#039;s eyes Trump&#039;s Ferry Point golf course in Bronx a possible casin site.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/ballys-talking-with-trump-org-about-bronx-casino-at-ferry-point\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bally&#039;s Talking With Trump Org About Bronx Casino At Ferry Point\" \/>\n<meta property=\"og:description\" content=\"Bally&#039;s eyes Trump&#039;s Ferry Point golf course in Bronx a possible casin site.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/ballys-talking-with-trump-org-about-bronx-casino-at-ferry-point\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-13T07:56:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-13T22:44:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/Trump-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1440\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/ballys-talking-with-trump-org-about-bronx-casino-at-ferry-point\/\",\"url\":\"https:\/\/www.casino.org\/news\/ballys-talking-with-trump-org-about-bronx-casino-at-ferry-point\/\",\"name\":\"Bally's Talking With Trump Org About Bronx Casino At Ferry Point\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/ballys-talking-with-trump-org-about-bronx-casino-at-ferry-point\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/ballys-talking-with-trump-org-about-bronx-casino-at-ferry-point\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/Trump-scaled.jpg\",\"datePublished\":\"2023-02-13T07:56:40+00:00\",\"dateModified\":\"2023-02-13T22:44:59+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Bally's eyes Trump's Ferry Point golf course in Bronx a possible casin site.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/ballys-talking-with-trump-org-about-bronx-casino-at-ferry-point\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/ballys-talking-with-trump-org-about-bronx-casino-at-ferry-point\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/ballys-talking-with-trump-org-about-bronx-casino-at-ferry-point\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/Trump-scaled.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/Trump-scaled.jpg\",\"width\":2560,\"height\":1440,\"caption\":\"Bally's Golf Links at Ferry Point in the Bronx, NY. Policymakers representing the area aren't actively pursuing legislation to alter the parkland designation, which could hinder casino plans. 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Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bally's Talking With Trump Org About Bronx Casino At Ferry Point","description":"Bally's eyes Trump's Ferry Point golf course in Bronx a possible casin site.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.casino.org\/news\/ballys-talking-with-trump-org-about-bronx-casino-at-ferry-point\/","og_locale":"en_US","og_type":"article","og_title":"Bally's Talking With Trump Org About Bronx Casino At Ferry Point","og_description":"Bally's eyes Trump's Ferry Point golf course in Bronx a possible casin site.","og_url":"https:\/\/www.casino.org\/news\/ballys-talking-with-trump-org-about-bronx-casino-at-ferry-point\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2023-02-13T07:56:40+00:00","article_modified_time":"2023-02-13T22:44:59+00:00","og_image":[{"width":2560,"height":1440,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/Trump-scaled.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/ballys-talking-with-trump-org-about-bronx-casino-at-ferry-point\/","url":"https:\/\/www.casino.org\/news\/ballys-talking-with-trump-org-about-bronx-casino-at-ferry-point\/","name":"Bally's Talking With Trump Org About Bronx Casino At Ferry Point","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/ballys-talking-with-trump-org-about-bronx-casino-at-ferry-point\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/ballys-talking-with-trump-org-about-bronx-casino-at-ferry-point\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/Trump-scaled.jpg","datePublished":"2023-02-13T07:56:40+00:00","dateModified":"2023-02-13T22:44:59+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"Bally's eyes Trump's Ferry Point golf course in Bronx a possible casin site.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/ballys-talking-with-trump-org-about-bronx-casino-at-ferry-point\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/ballys-talking-with-trump-org-about-bronx-casino-at-ferry-point\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/ballys-talking-with-trump-org-about-bronx-casino-at-ferry-point\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/Trump-scaled.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/Trump-scaled.jpg","width":2560,"height":1440,"caption":"Bally's Golf Links at Ferry Point in the Bronx, NY. Policymakers representing the area aren't actively pursuing legislation to alter the parkland designation, which could hinder casino plans. 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Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. 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