FOR IMMEDIATE RELEASE
March 19, 2025
Furthermore, Bronx Residents will have priority to share in Ownership Opportunities, not to mention the direct benefits to the entire City of New York by the $4 billion development at Bally’s Golf Links at Ferry Point
BRONX, NY – Bally’s Corporation today announced a groundbreaking Community Benefits Agreement (CBA) as part of its bid to bring a world-class casino and entertainment destination to The Bronx. The proposal includes an industry-first community investment program, allowing Bronx residents to own a share of the casino, as well as over $200 million in community investments, 15,000 construction jobs, and more than 4,000 permanent jobs for local residents.
Bally’s plans to build a 200,000-square-foot casino, a 500-room hotel with a spa, a 2,000-seat event center, and additional retail and dining options, making it the largest private investment in The Bronx’s history—approaching $4 billion in total project cost.
Unmatched Commitment to The Bronx
Bally’s total community benefit package will provide $625 million in net present value, before including the value of direct project investment and community investment opportunities.
Bally’s CBA is designed to directly benefit the community through equity participation, job creation, local sourcing, and investments in public services. Highlights include:
✅ Community Equity Participation – Bronx residents will have the opportunity to invest in the casino, modeled after Bally’s Chicago project, with an expected community ownership stake of up to 9%. Investments start at $250, with leverage from Bally’s to maximize returns.
✅ $200M+ in Community Benefits – Bally’s pledges at least 1% of net gaming revenue or 3% of net profits (with a minimum of $10 million per annum) to support the Bronx through:
- PTA & School Funds
- NYCHA Housing Fund
- Community Housing Initiatives
- Mental Health & Substance Abuse Programs
- BronxNet Community Media Fund
✅ Job Creation & Workforce Development – The project will generate 15,000 construction jobs and more than 4,000 permanent jobs, with priority hiring for Bronx residents. Bally’s will also launch a Pre-Apprenticeship and Workforce Development Program to prepare local residents for careers in gaming, hospitality, and entertainment.
✅ Infrastructure & Public Safety Investments – The plan includes:
- $100M for parkland improvements and new green spaces.
- $75M in transportation upgrades, including a new overpass, widened roads, and MTA bus enhancements.
- Millions in annual funding for NYPD to increase police presence and pedestrian safety around the site.
Local Elected Officials Weigh in on Bally’s Bronx Community Benefits Proposal
State Senator Nathalia Fernandez, who represents the area, commended the proposal saying:
“We worked to ensure this Community Benefits Agreement reflects priorities we know matter to our neighborhoods—support for our schools, housing, public safety, workforce development, and local businesses. This is just the starting point, and now I want to hear directly from the community to make sure your voices continue to shape our future,”
Assemblyman Michael Benedetto echoed those sentiments:
“This proposal represents an important first step in what must be an ongoing conversation with our community. There’s potential here to bring real benefits to the Bronx, but it’s important that we keep working to make sure any project reflects the needs of the people who live in Throggs Neck and the surrounding neighborhoods,”
Next Steps
The state will officially begin accepting casino bids this summer, with winners expected to be announced by the end of 2025. Bally’s is confident that its unprecedented community benefits package, job creation, and infrastructure investments make it the ideal choice to receive one of the three downstate casino licenses.
For more information, visit BallysBronx.com.
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About Bally’s Corporation:
Bally’s Corporation (NYSE: BALY) is a global casino-entertainment company with a growing omni-channel presence. Bally’s owns and operates 19 casinos across 11 states, along with a golf course in New York and a horse racetrack in Colorado and holds OSB licenses in 13 jurisdictions in North America. The acquisition of Aspers Casino in Newcastle, UK, expands its international reach. It also owns Bally Bet, a first-in-class sports betting platform, Bally Casino, a growing iCasino platform, Bally’s Interactive International division (formerly Gamesys Group), a leading global interactive gaming operator, and a significant economic stake in Intralot S.A. (ATSE: INLOT), a global lottery management and services business.
With 11,500 employees, its casino operations include approximately 17,700 slot machines, 630 table games, and 3,950 hotel rooms. Bally’s also has rights to developable land in Las Vegas at the site of the former Tropicana Las Vegas.
About Bally’s Bronx:
The Bally’s Bronx integrated resort will harness the beauty of the waterfront site, located on approximately 16-acres within Bally’s Golf Links at Ferry Point, to create inclusive, dynamic spaces. In addition to the casino, the plans include a 500-room hotel including spa, fitness center and sky view suites overlooking the Manhattan skyline and the East River, a 2,000-person mixed use convention & event center, multiple food & beverage offering including a food hall, a police substation and parking for approximately 4,600 vehicles.
The proposed facility would be constructed on the portion of the golf course that is currently used for parking, the golf clubhouse, a portion of the practice area, and other landscaped areas. As part of the project, a replacement golf clubhouse and practice area would be constructed north of the development site.
For Media Inquiries Contact:
Lauren Westerfield
Vice President Public Relations at Bally’s Corporation