Latest news with #Ballys
Yahoo
2 days ago
- Business
- Yahoo
NYC Mayor Eric Adams helps save Trump-linked Bally's casino bid with show of support
Mayor Eric Adams put his chips on the table for Bally's. The City Council voted to advance legislation Wednesday that would allow gaming operator Bally's to convert part of President Trump's former Bronx golf course into a casino — after the mayor intervened to help secure its passage. The proposal — referred to as a home rule message — requires 34 votes from the council for passage without the mayor's backing. But only 26 votes are needed — a simple majority, if the mayor declares his support. At the 11th hour on Wednesday, Adams issued a formal message of support to the council, and the measure passed 32-12, with seven abstaining. It means the bill can now be take up by the state Legislature. If approved, it would allow the golf course property, currently designated as state parkland, to be repurposed as a casino complex. Bally's will then be able to submit a bid for one of three covered downstate state casino licenses later this month. The firm hopes to build a 500,000-square-foot casino on the Bronx site by its golf course — now called Bally's Golf Links at Ferry Point — along with a 500-room hotel with a spa and meeting space, retail shops, a 2,000-seat event center and two parking garages with capacity for up to 4,660 vehicles. The City Council and Albany lawmakers recently approved such land use legislation allowing Mets owner Steve Cohen and Hard Rock to repurpose some of the lots around Citi Field for a casino complex. Cohen's bill got little to no resistance from the council — but Bally's, with its Trump connection, did. As part of the deal to acquire the golf course at Ferry Point in 2023, Bally's agreed to provide the Trump Organization an additional $115 million if it wins a casino license. As The Post previously reported, a council vote on Bally's proposal was postponed two weeks ago — provoking criticism from its CEO Soo Kim, who also fumed that lobbyists for rival bidder Cohen were allegedly whipping up votes against him. Bronx Democrats back the project. But Councilwoman Kristy Marmarato, a Republican whose district includes Bally's Golf Link at Ferry Point, opposes it. Her opposition triggered five of her GOP colleagues — including Council Minority Leader Joanne Ariola — to vote against the project that could benefit the president and his company. During the vote, Marmarato said her constituents opposed the proposed casino and blasted 'outside interference' and 'special interests' lobbying. City Hall insisted the mayor pushed for Bally's to get a fair hearing from the state Gaming Commission with its casino bid, and wasn't putting his thumb on the scale for the gaming operator or Trump. 'Mayor Adams supports a fair process with as many competitive casino bids in New York City as possible, each of which would bring good-paying union jobs and an economic boost to the community,' an Adams spokesman said. 'It does not matter which proposal is selected by the state so long as it's in New York City. We would be supportive of more than one selection in New York City, but that requires more than one competitive proposal.' Bally's applauded the Council's action. 'We appreciate the City Council, including the Speaker and Bronx Delegation in particular, for recognizing the opportunity that this project can afford to the Bronx and the City as a whole. Their actions today allow us to move forward to the next step of making this happen for NYC,' said Christopher Jewett, Bally's senior vice president of corporate development. He said Bally's has been a 'good neighbor' and will continue to work closely with elected officials and residents. Cohen's team declined to comment.
Yahoo
01-04-2025
- Business
- Yahoo
Yggdrasil partners with Bally's over U.K. presence expansion
Yggdrasil is partnering with gambling brand Bally's (BALY), in a deal that has seen the provider's full slot offering go live in the market. Bally's UK stable includes several major brands, including Virgin Games, Jackpotjoy UK, and Bally Casino. The operator's customers can now play recent hits and Yggdrasil favorites, such as the popular Vikings series, as well as enjoy its market-leading Game Engagement Mechanics, including DoubleMax, found across its portfolio. Yggdrasil's slots offering also includes a plethora of titles from its YGG Masters studio partners, such as 7×7 Zeus and Big Bucks Bison 10k Ways. Jose Simon, Chief Commercial Officer at Yggdrasil, said: 'Bally's has a major presence across the UK and we are delighted to roll out our comprehensive slot offering to its players. 'We have made a strong commercial start to the year which this deal only reinforces, with our goal of putting our best-in-class content in front of as many players as possible to further grow the Yggdrasil brand.' Dezso Pazmany, Head of Product Operations at Bally's, added: 'Yggdrasil is widely recognized as a leading creator and distributor of exceptional content, and we take pride in offering our players top-tier games from the industry's biggest names. Yggdrasil perfectly aligns with this vision, and this partnership allows us to bring a vast collection of well-established and highly regarded content to our online casinos.' Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks. Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on BALY: Disclaimer & DisclosureReport an Issue Ballys trading resumes Ballys trading halted, volatility trading pause Bally's falls -7.3% Bally's Corporation Appoints New Executive Vice Presidents Bally's appoints Mira Mircheva as CFO
