Bally's Shares Rise After Bronx Casino Proposal Gets Approval

Dow Jones

Dec 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.

At the request of the copyright holder, you need to log in to view this content

LOGIN / SIGN UP

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2588436771"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2588436771\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2588436771?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-02 00:18","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2588436771","market":"sh","top_or_hot":-1,"title":"Bally's Shares Rise After Bronx Casino Proposal Gets Approval","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Nicholas G. 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>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bally's Shares Rise After Bronx Casino Proposal Gets Approval</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBally's Shares Rise After Bronx Casino Proposal Gets Approval\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-12-02 00:18</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Nicholas G. 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\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BALY","symbol_name":"BALLYS CORPORATION","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. 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.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BALY":"BALLYS CORPORATION","BK4150":"赌场与赌博"},"translate_title":"布朗克斯赌场提案获得批准后，Bally股价上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BALY":0.9},"content_text":"By Nicholas G. Miller \n\n\n \n\n\n  Shares of Bally's rose after a New York state commission advanced its proposal to operate a casino in the Bronx. \n\n\n  The stock rose 9.5% to $19.11. \n\n\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\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. Miller at nicholas.miller@wsj.com. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 01, 2025 11:18 ET (16:18 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}