Date of publication: February 28, 2026, 05:54h.
Last modified on: February 28, 2026, 05:54h.
- Bally’s secures 16 acres designated for a casino hotel
- The property encompasses land currently home to a golf course
- Company is set to invest $4 billion on the Bronx casino initiative
Bally’s has reportedly gained control over 16 acres of parkland in the Bronx, NY, essential for its ambitious plan to construct a casino hotel, following a transaction worth $156.6 million.
The Rhode Island-based casino operator has not yet confirmed this deal, but various news sources suggest that the gaming firm is now in control of the parkland located at 450 Hutchinson Parkway, part of the 300 acres that house Bally’s Golf Links at Ferry Point.
Bally’s paid the Trump Organization $60 million to obtain the lease for Trump Golf Links at Ferry Point in the Bronx. This acquisition, along with certain modifications to the golf course’s parking facilities and a section of its practice area, will pave the way for Bally’s $4 billion integrated resort.
Bally’s secured one of three gaming licenses in the New York City region last December, with a 15-year initial term set by the state.
Significance of Bronx Casino Land Ownership for Bally’s
Owning the land for the Bronx casino is crucial for Bally’s for several reasons, notably facilitating the timely commencement of this costly project.
Moreover, land ownership may streamline financing options for the gaming firm, which will be essential to complete the project. After the acquisition, Bally’s could leverage the land for loans or even sell it to secure additional funds.
Regarding financing for the Bronx casino, Gaming and Leisure Properties (NASDAQ: GLPI) — Bally’s primary landlord — has expressed interest in partaking in the New York venture, although numerous other investors may compete to provide funding to Bally’s. These alternative investors might offer more advantageous terms compared to the gaming real estate investment trust (REIT).
Bally’s Busy Week of Acquisitions
Bally’s has had a hectic week in terms of acquisitions, continuing its well-known trend of deal-making. The news about the New York land purchase broke just two days after Bally’s revealed it has agreed to acquire the Sam’s Town Hotel & Casino in Shreveport, Louisiana, from Boyd Gaming (NYSE: BYD).
Upon completion of this deal, Bally’s will operate four casinos in Louisiana. It remains uncertain whether the iconic Sam’s Town name will be retained, given that Bally’s already manages a venue with that name in Shreveport.