Bally’s Casino Opening in New York Could Net Donald Trump $115M

Bally’s Corp’s push to secure one of three available casino licenses in New York could bring US President Donald Trump a $115 million profit, ABC News reports.

The potential payday stems from Bally’s proposal to build its casino on a golf course property tied to Trump.

Bally’s has already paid Trump $60 million for the lease. However, the deal includes a clause stating that if Bally’s wins a New York casino license, Trump would receive an additional $115 million.

Details of the arrangement surfaced as part of an ongoing lawsuit in which the state of New York accused Trump of misrepresenting his assets. A legal filing presented in court confirmed the agreement, highlighting the former president’s potential earnings from the gambling operator.

At least 11 contenders are competing for the three casino licenses in New York, including industry heavyweights MGM Resorts, Caesars Palace, and Genting Group.

Analysts suggest Bally’s Corp faces long odds, largely due to its association with Trump. The President’s unpopularity among New York officials could significantly diminish the company’s chances of securing approval.