Bally's Shares Rise After Bronx Casino Proposal Gets Approval

Dow Jones

2025/12/02

By Nicholas G. Miller

Shares of Bally's rose after a New York state commission advanced its proposal to operate a casino in the Bronx.

The stock rose 9.5% to $19.11.

On Monday morning, The New York Gaming Facility Location Board advanced a proposal by Bally's to develop a casino next to its Bronx golf course. The board also approved proposals by Mets owner Steve Cohen and Hard Rock to build a casino next to Citi Field in Queens and by Genting Group, which owns Resorts World New York City in Queens, to change that location focused on slots and electronic games into a full-fledged casino.

The approvals mark the beginning of the end of a long saga to distribute three downstate gaming facility licenses. The proposals have received opposition from some community organizations and residents worried the casinos would disrupt neighborhoods.

Bally's plans to spend $4 billion to build a casino and resort in the Bronx. It has said the project would generate more than $1 billion in gross gaming revenue.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

December 01, 2025 11:18 ET (16:18 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Miller \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Shares of Bally's rose after a New York state commission advanced its proposal to operate a casino in the Bronx. \n</p>\n<p>\n  The stock rose 9.5% to $19.11. \n</p>\n<p>\n  On Monday morning, The New York Gaming Facility Location Board advanced a proposal by Bally's to develop a casino next to its Bronx golf course. The board also approved proposals by Mets owner Steve Cohen and Hard Rock to build a casino next to Citi Field in Queens and by Genting Group, which owns Resorts World New York City in Queens, to change that location focused on slots and electronic games into a full-fledged casino. \n</p>\n<p>\n  The approvals mark the beginning of the end of a long saga to distribute three downstate gaming facility licenses. The proposals have received opposition from some community organizations and residents worried the casinos would disrupt neighborhoods. \n</p>\n<p>\n  Bally's plans to spend $4 billion to build a casino and resort in the Bronx. It has said the project would generate more than $1 billion in gross gaming revenue. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Nicholas G. Miller at nicholas.miller@wsj.com. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 01, 2025 11:18 ET (16:18 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4150","symbol_name":"賭場與賭博","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2588436771","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2588436771","pubTimestamp":1764605880,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Bally's rose after a New York state commission advanced its proposal to operate a casino in the Bronx.On Monday morning, The New York Gaming Facility Location Board advanced a proposal by Bally's to develop a casino next to its Bronx golf course. 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The board also approved proposals by Mets owner Steve Cohen and Hard Rock to build a casino next to Citi Field in Queens and by Genting Group, which owns Resorts World New York City in Queens, to change that location focused on slots and electronic games into a full-fledged casino. \n\n\n  The approvals mark the beginning of the end of a long saga to distribute three downstate gaming facility licenses. The proposals have received opposition from some community organizations and residents worried the casinos would disrupt neighborhoods. \n\n\n  Bally's plans to spend $4 billion to build a casino and resort in the Bronx. It has said the project would generate more than $1 billion in gross gaming revenue. \n\n\n \n\n\n  Write to Nicholas G. 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