Trump Set to Earn $115M if Bally's Wins NYC Casino License

President Donald Trump stands to gain a $115 million payout if Bally's Corporation successfully secures one of three casino licenses in New York City, aimed at transforming a golf course in the Bronx previously managed by Trump. Bally's already paid Trump $60 million for operational rights to the course, with the additional payment tied to the casino license's approval. The deal's details surfaced during a trial concerning allegations of Trump's asset misrepresentation. The competition for the licenses is fierce, with at least 11 bidders, including major players like Caesars Palace and a proposed casino near Citi Field by Steve Cohen. The New York State Gaming Commission is expected to announce its decisions by the end of 2025, amidst a politically charged environment that could affect Trump’s interests. Bally's has recently faced financial challenges, including a credit downgrade, complicating their bid for the casino license.