{"id":11327,"date":"2026-10-06T05:17:43","date_gmt":"2026-10-06T05:17:43","guid":{"rendered":"https:\/\/casino-online-best.com\/index.php\/2026\/10\/06\/ballys-secures-400-million-for-4-billion-bronx-casino\/"},"modified":"2026-10-06T05:17:43","modified_gmt":"2026-10-06T05:17:43","slug":"ballys-secures-400-million-for-4-billion-bronx-casino","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2026\/10\/06\/ballys-secures-400-million-for-4-billion-bronx-casino\/","title":{"rendered":"Ballys Secures $400 Million For $4 Billion Bronx Casino"},"content":{"rendered":"<div>\n<p>Bally\u2019s Corporation has received $400 million in fresh term-loan funding for its $4 billion Bally\u2019s Bronx casino resort, giving the company more capital for pre-construction work on one of three licensed New York City casino projects.<\/p>\n<hr>\n<p><strong>Good to Know<\/strong><\/p>\n<ul>\n<li>WhiteHawk Capital Partners led the financing, with $400 million funded at closing.<\/li>\n<li>Bally\u2019s can draw another $160 million under delayed term-loan commitments.<\/li>\n<li>New York awarded Bally\u2019s Bronx a commercial casino license in December 2025.<\/li>\n<\/ul>\n<hr>\n<h2><strong>Bronx Funding Arrives As Bally\u2019s Manages Heavy Capital Needs<\/strong><\/h2>\n<p>Bally\u2019s will use the new money for pre-construction costs tied to Bally\u2019s Bronx. Part of the $400 million can also cover corporate expenses, including transaction fees from the financing. Another $160 million remains available for later draws as work progresses.<\/p>\n<p>The cash arrives while Bally\u2019s manages several major US casino developments and tighter liquidity. In its second-quarter filing, the company said current conditions raised \u201csubstantial doubt\u201d about its ability to <em>\u201ccontinue as a going concern.\u201d<\/em> Bally\u2019s also said it was considering asset monetization, an equity sale and additional debt financing to improve liquidity.<\/p>\n<p>Bally\u2019s Bronx now has more certainty than during the earlier bidding stage. The New York State Gaming Commission awarded the project a casino license effective December 15, 2025. Bally\u2019s then paid the required $500 million license fee during the first quarter of 2026.<\/p>\n<p>Plans call for a resort of more than 3 million square feet at Bally\u2019s Golf Links at Ferry Point, with a 500-room hotel, a 2,000-person event center, casino facilities and the existing 18-hole golf course. Bally\u2019s expects an opening by 2030.<\/p>\n<p>The site covers part of the former Trump Golf Links property, which Bally\u2019s took over in 2023. Development focuses on parking, clubhouse and practice areas rather than replacing the full golf course.<\/p>\n<p>Bally\u2019s also faces a separate construction dispute in Chicago. The company slowed work on non-gaming parts of its $1.7 billion permanent casino after Chicago approved video gambling terminals in bars and restaurants. Bally\u2019s has maintained that the permanent casino remains scheduled to open in early 2027.<\/p>\n<p>Citizens Capital Markets &#038; Advisory advised Bally\u2019s on the Bronx financing. Fried, Frank, Harris, Shriver &#038; Jacobson LLP served as legal adviser.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/ballys-secures-400-million-for-4-billion-bronx-casino\/\">Ballys Secures $400 Million For $4 Billion Bronx Casino<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bally\u2019s Corporation has received $400 million in fresh term-loan funding for its $4 billion Bally\u2019s Bronx casino resort, giving the company more capital for pre-construction work on one of three licensed New York City casino projects. Good to Know WhiteHawk Capital Partners led the financing, with $400 million funded at closing. Bally\u2019s can draw another [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-11327","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.2.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"Bally\u2019s Corporation has received $400 million in fresh term-loan funding for its $4 billion Bally\u2019s Bronx casino resort, giving the company more capital for pre-construction work on one of three licensed New York City casino projects. Good to Know WhiteHawk Capital Partners led the financing, with $400 million funded at closing. 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Good to Know WhiteHawk Capital Partners led the financing, with $400 million funded at closing. 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Good to Know WhiteHawk Capital Partners led the financing, with $400 million funded at closing. Bally\u2019s can draw another","og:url":"https:\/\/casino-online-best.com\/index.php\/2026\/10\/06\/ballys-secures-400-million-for-4-billion-bronx-casino\/","article:published_time":"2026-10-06T05:17:43+00:00","article:modified_time":"2026-10-06T05:17:43+00:00","twitter:card":"summary","twitter:title":"Ballys Secures $400 Million For $4 Billion Bronx Casino - Best Online Casinos","twitter:description":"Bally\u2019s Corporation has received $400 million in fresh term-loan funding for its $4 billion Bally\u2019s Bronx casino resort, giving the company more capital for pre-construction work on one of three licensed New York City casino projects. Good to Know WhiteHawk Capital Partners led the financing, with $400 million funded at closing. Bally\u2019s can draw another"},"aioseo_meta_data":[],"aioseo_breadcrumb":"<div class=\"aioseo-breadcrumbs\"><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/casino-online-best.com\/\" title=\"Home\">Home<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">\u00bb<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\tBallys Secures $400 Million For $4 Billion Bronx Casino\n\t\t<\/span><\/div>","aioseo_breadcrumb_json":[{"label":"Home","link":"https:\/\/casino-online-best.com\/"},{"label":"Ballys Secures $400 Million For $4 Billion Bronx Casino","link":"https:\/\/casino-online-best.com\/index.php\/2026\/10\/06\/ballys-secures-400-million-for-4-billion-bronx-casino\/"}],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/11327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=11327"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/11327\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=11327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=11327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=11327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}