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The ante to merely apply is $1 million, with successful bidders required to pay $500 million upfront for the license and at least $500 million as part of a development plan. Licenses will be good for a minimum of 10 years and a maximum of 30 years. The bidders include some of the state’s wealthiest interests, often in partnership with major gaming outlets across the country — stretching from Connecticut to Las Vegas.
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Some framed their opposition in religious terms and argued gambling would undermine the city’s family-friendly character. An official with University of Dallas, which would neighbor the resort, was among those to voice concerns about the plans. More than 170 people signed up to speak before the early Friday vote, with every speaker either criticizing Sands Corp.’s proposal or the city’s process. It is a good start, but having a license from a good regulator does not automatically guarantee that a casino will treat you well. At the same time, having a license from a bad regulator does not mean that the casino will be unfair and try to scam you. There are good and bad casinos on both sides of the licensing spectrum.
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Bally’s plans to develop a 500,000-square-foot gaming hall on the Bronx site, 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 development would be spread across 16.75 acres on the public golf course at the park. The Empire City Casino, which is 15 miles from Times Square, has attributes similar to those of Resorts World and operates thousands of slot machines.
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Saajan Jogia is a motorsport and automotive writer with over ten years of experience. His passion for cars and motorcycles has been a driving force behind his evolution as a writer. He has extensively covered Formula 1, MotoGP, IndyCar, NASCAR, WEC, and technology for publications including Sports Illustrated, The Sporting News, Newsweek, and Men’s Journal.
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Their role is to gauge the interest of the community and make a recommendation. At least four of the six committee members must approve of the plan for it to move forward. The Sands Corporation said even if all that happened, the project could still be five to seven years away. The vast majority of neighbors at the meeting were against any kind of resort and casino, and they made their voices heard.
The license would merely be an expansion with new restaurants and entertainment facilities, and not a project that has to be built from the ground up. The applicants must also meet all environmental and zoning requirements before the Gaming Facility Location Board reviews their plans. It is anticipated a final decision on the three licenses will come at the end of 2025. Like an exclusive, high-stakes game of Texas Hold’em, the process has been reserved for the uber-wealthy — with an applicant needing more than $1 billion just to be in the running.
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The city owns the property, and Trump’s company had a 20-year contract with the Parks Department to operate it as a golf course. According to Soloviev, the overall project is being dubbed “Freedom Plaza,” and it would also include the construction of a museum dedicated to democracy. The project, first reported by the New York Times, would not require major development and could be up and running within a year.
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