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| Published On Oct 1, 2025 12:01 am CEST | By Ricky Grant

Bally’s Bronx Casino Plan Moves Forward as Coney Island Bid Rejected

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New York’s race for downstate casino licenses saw two major developments this week. A state-appointed panel advanced Bally’s $4 billion plan in the Bronx, while another committee voted down a $3 billion Coney Island project on the very same day.


Good to know

  • Bally’s Ferry Point plan calls for a $4 billion casino and hotel complex.
  • The Bronx committee voted 5-1 in favor, while Coney Island’s bid was defeated 4-2.
  • New York can award only three downstate casino licenses.

Bronx Panel Backs Bally’s

On Monday morning, the Metropolitan Park Community Advisory Committee voted 5-1 to advance Bally’s proposal for a large-scale casino resort at the former Trump Golf Links at Ferry Point.

The project includes:

  1. A 500,000-square-foot casino floor
  2. A 500-room hotel
  3. A 2,000-seat event center
  4. Parking for 4,660 vehicles

Support came from representatives of Governor Kathy Hochul, Mayor Eric Adams, Bronx Borough President Vanessa Gibson, State Senator Nathalia Fernandez, and Assemblymember Michael Benedetto.

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Committee chair Lisa Sorin, who voted in favor, explained her decision:

“The question is whether the collective benefits for the Bronx — jobs, revenue, investment, and long-term economic mobility — outweigh the localized burdens, and whether those burdens can be mitigated credibly, forcibly, and transparently. It is my judgment that support in the community exceeds operative opposition and that the benefits can outweigh harms.”

The lone dissenting vote came from Danielle Volpe, appointed by Councilmember Kristy Marmorato, who argued the plan would bring traffic, crime, and instability. Residents also raised concerns about losing parkland.

“Ferry Point Park is one of the few green spaces in The Bronx. Replacing it with a casino threatens the environment and takes away recreational space we all need,” said Co-op City resident Al Quattlebaum during a public hearing.

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Bally’s has pledged $625 million in community benefits, including $100 million for park improvements, $75 million for infrastructure, $10 million for a police substation, and support for keeping a local Catholic school open.

“The affirmative vote is a signal that we have been able to address many of those concerns and now we look forward to the next steps of state selection,” said Soo Kim, Bally’s chair.

A Rocky Road for the Bronx Bid

Bally’s path has been complicated. The City Council initially rejected the project after Councilmember Marmorato labeled it “predatory development.” Mayor Adams vetoed that decision, keeping the bid alive. If awarded a state license, Bally’s would pay the Trump Organization $115 million, in addition to the $60 million already spent to secure lease rights for the city-owned property.

Coney Island Proposal Struck Down

Later that day, the advisory committee for The Coney project — a $3 billion plan from Thor Equities — voted 4-2 against moving the proposal forward.

Supporters included appointees from Governor Hochul and Mayor Adams, but opposition from members appointed by Councilmember Justin Brannan, Borough President Antonio Reynoso, State Senator Jessica Scarcella-Spanton, and Assemblymember Alec Brook-Krasny carried the day.

“Coney Island really makes up part of the soul of New York, and especially for the working people of this city, it’s an irreplaceable treasure,” said Marissa Solomon, Brook-Krasny’s appointee.

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The Coney envisioned:

  1. A 1.6 million-square-foot casino resort
  2. 230 table games and 4,500 slot machines
  3. A convention center and entertainment venue
  4. A hotel integrated into the complex

Developers said it would generate $1.8 billion annually and create more than 8,000 jobs. They also pledged $200 million in community projects and emergency services. Still, critics argued the casino would alter the neighborhood’s character and harm residents already facing high poverty and rent burdens.

“I really believe that a neighborhood with a large population of people who are living in poverty and who are rent burdened should not be hosting a casino,” said Coney Island resident Kouichi Shirayanagi.

 

With Resorts World in Queens and MGM’s Empire City in Yonkers widely expected to receive two of the three available licenses, Bally’s Bronx proposal is now a frontrunner for the third. The state’s Gaming Facility Location Board will make final decisions later this year.

Ricky Grant

Ricky is a bitcoin enthusiast and understands the significance of cryptocurrencies not just in the iGaming industry but in society. Ricky has a particular interest in the US Casino landscape, and anything related to this. His favorite casino table games are blackjack and baccarat.