Trump's Potential $115 Million Casino Windfall

The race to build a casino in New York City could make Donald Trump a very wealthy man. If Bally’s Corp. wins one of three available gaming licenses to build a casino at the former Trump-run Ferry Point golf course in the Bronx, Trump stands to receive a $115 million payment.

This lucrative side deal, revealed in court documents, was part of the 2023 agreement where Bally's purchased the rights to operate the course from Trump for $60 million. The $115 million is described as a "gaming event fee" and is non-refundable.

<p>**The stakes are high:**</p>

At least 11 bidders are vying for the coveted NYC casino license. High-profile contenders include Caesars Palace, Saks Fifth Avenue, and Steve Cohen (owner of the New York Mets). Existing gambling venues like MGM Resorts and Genting are also aiming to expand their operations.

The selection process involves community advisory committees and the state's gaming board, with a decision expected by the end of the year. Bally's project would also require legislative approval to build on public parkland.

<p>**Political implications:**</p>

Trump's involvement adds a layer of complexity. His unpopularity among some New York officials could hinder Bally's bid. The potential for his financial interest to become a bargaining chip also exists. Current tensions between Gov. Kathy Hochul and the Trump administration further complicate the situation.

The former president first acquired the rights to manage Ferry Point in 2012. The city invested over $120 million in building the Jack Nicklaus-designed course, but major championships never materialized.

Link to court document (Note: Link functionality may vary.)