Bronx Community Board Says ‘No’ to Bally’s Casino

  • Bronx Community Board 10 rejects zoning changes
  • Bally’s still committed to bringing casino to the Bronx

In a contentious Thursday meeting, Bronx Community Board 10 easily voted against zoning changes needed for Bally’s to bring a casino hotel to Ferry Point, but the company remains undeterred in its quest to bring a gaming venue to the New York borough.

Bally's Bronx
Bally’s Links in the Bronx, NY. Bronx Community Board 10 voted against zoning changes for a proposed casino there. (Image: Instagram)

By a vote of 29 to 5, Bronx Community Board 10 voted against zoning changes that would make it easier for Bally’s to develop an integrated resort at the site of a golf course previously operated by the Trump Organization. In late 2023, Bally’s paid the Trump Organization $60 million to acquire the lease on Trump Golf Links at Ferry Point in the Bronx with the hopes of building a gaming venue on the land.

There’s a silver lining for Bally’s and its Bronx ambitions because the community board vote isn’t binding. It’s merely advisory, meaning it can be taken into account by Bronx Borough President Vanessa Gibson. She’s the next stop in the Uniform Land-Use Reform Process (ULURP) process for the Bronx casino pitch. From there, it would go to the Department of City Planning and City Council and potentially, the mayor.

Bally’s Still Betting on the Bronx

Despite the community board vote, Bally’s made clear it still wants to bring a casino hotel to the Bronx.

We appreciate having had the opportunity to participate in last night’s Community Board 10 meeting and remain grateful for the chance to be part of this important local process,” said Standard General found Soo Kim in a statement provided to The Bronx Times. “While we acknowledge the Board’s advisory vote, our commitment to the Bronx remains unwavering.”

Kim is the founder of Standard General, the hedge fund that recently acquired Bally’s. Community Board 10’s decision arrived just days after the gaming company said a casino in the Bronx could deliver up to $625 million in direct economic benefit to local residents and as the operator floated the idea of allowing locals to become equity investors in the property, should it come to life.

Still, there’s a long road for Bally’s in the Bronx because the land on which it hopes to build a casino is classified as parkland, meaning politicians in Albany must introduce legislation to alter that designation. As of yet, lawmakers representing the Ferry Point/Throngs Neck area have not indicated they’ll introduce such bills. If anything, they’ve vocalized opposition to the idea.

Community Board Votes Exercises in Democracy

Bronx Community Board 10 becomes at least the third such political body in New York City to vote against a casino plan. Those votes and the related meetings are important parts of the democratic process, particularly when it comes to complying with the state’s open meetings laws, but it remains to be seen how those tallies affect the process of awarding the three downstate casino permits.

However, the New York State Gaming Facility Location Board is not obligated to follow community board votes. The board is tasked with evaluating viable downstate locations for casino hotels and passing those recommendations onto the New York State Gaming Commission (NYSGC), which has final say on the matter.

That process is expected to ramp up over the course of this year in the hopes of awarding the three licenses before the end of 2025 or in early 2026.

Todd Shriber
Todd Shriber Financial Reporter

Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org.

Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019.

Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com.

He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better.

Contact Todd at todd.shriber@casino.org.

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  • A
    Andrew March 23, 2025
    Could Bally's ongoing failure to keep its promises to the people of Chicago have anything to do with why the people of the Bronx don't… Could Bally's ongoing failure to keep its promises to the people of Chicago have anything to do with why the people of the Bronx don't trust them? Or did Bally's past lawsuits against some of its other host municipalities possibly sour their appetite for hosting a Bally's casino themselves?
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  • A
    Anthony March 21, 2025
    Good article! Our standing-room-only meeting held last night is already featured on YouTube. Find it by looking there for "Bally's Bronx Community Vote on PIX11."
    Reply

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