Bally’s Corp. has closed on the purchase of a development site in the Bronx that is slated to become its next casino destination. The company paid $157 million for 500 Hutchinson River Pkwy., a property that previously operated as a Trump Organization golf course, according to reporting from the New York Business Journal. The acquisition was completed with the city as the seller, giving Bally’s control of a key site that has already been designated for a major gaming development.
As part of the transaction, Bally’s has committed to a package of capital improvements in and around the surrounding public spaces. The company plans to invest $161 million into enhancements at Ferry Point Park and Ring Road. According to the Business Journal, this investment will fund new paths and trails, additional soccer fields, a playground, and upgrades to existing sports fields and park areas. The improvements are structured to deliver both recreational amenities and broader public-realm benefits adjacent to the future casino site.
The planned project, known as Bally’s Bronx, is one of three downstate casino developments that secured gaming licenses at the end of 2025. The development is expected to be completed in 2030, positioning it as a long-term pipeline project in the regional hospitality and gaming market. The scale of the plan is significant, with a three-million-square-foot program that will combine gaming, lodging, retail, entertainment, and structured parking on a single integrated campus.
The development blueprint calls for a 500,000-square-foot gaming hall that will anchor the complex, supported by a 500-room hotel designed to capture overnight and multi-day visitation. Retail space is included in the program, providing room for future commercial tenants and customer-serving uses alongside the gaming operations. The project will also feature a 2,000-seat event center, aimed at hosting performances and gatherings that can complement gaming and hotel demand.
Two parking garages are planned as part of the three-million-square-foot buildout, signaling a car-accessible destination that can accommodate significant visitor volumes. While specific parking counts and operational details have not been disclosed, the structured parking components are integral to the overall site plan for this large-scale hospitality development.
Bally’s Bronx is advancing in parallel with two other licensed downstate casino projects. The remaining approved developments will be delivered by Resorts World and an entity led by Mets owner Steve Cohen, with both of those projects planned for Queens. Together, the three licensed projects mark a notable expansion of regulated gaming capacity in the New York City area, with Bally’s Bronx representing the flagship entry for the Bronx within this new wave of casino-led investment.
