Trump's Big Stakes in Pending new York Casino

The never-ending saga of when New York's three downstate casino locations and licensees will be announced is anyone's guess, but when it finally happens, one of the big winners could be the President of the United States.


Bally’s promised to pay Trump $115 million if Bally’s were to get a license to open a casino at a public golf course on the Bronx shoreline
Trump first acquired the rights to manage Ferry Point back in 2012
There are at least 11 bidders competing for the right to build


The Associated Press reported Wednesday that should one of those sites be Bally's Corporation, it could result in a $115 million jackpot for President Donald Trump.


Bally's would like to open and operate a casino at a city-owned golf course that used to be run by the Trump Organization. Two years ago, Bally’s paid Trump $60 million for the rights to operate the 18-hole public course on the Bronx shoreline, where the East River meets the Long Island Sound.


Trump links


The "Trump Links" sign that was in place was taken down and was replaced and renamed Bally’s Golf Links at Ferry Point. In a separate deal, Bally’s also promised to pay Trump another $115 million if Bally’s were to get a license to open a casino on that site.


Donald Trump, whose Trump Organization runs more than 12 golf courses around the world, first acquired the rights to manage Ferry Point back in 2012.


That letter detailing the deal, describing the nonrefundable $115 million payment as a "gaming event fee," was disclosed as part of an evidence exhibit in a trial over New York state’s allegation that Trump habitually lied about the worth of his assets in financial statements given to banks.


Who is bidding?


Currently, there are at least 11 bidders that are competing for the right to build what would be the first, full-service casino in the city and its nearby suburbs.