Bally’s secures $560m financing for proposed Bronx casino resort
By The Weekly Edge desk · · Updated
Summary
Bally’s closed $560m in financing for its proposed casino resort at Ferry Point in the Bronx, Online Poker Report reported. WhiteHawk Capital Partners led the package, comprising $400m in term loans and $160m in delayed-draw commitments. The funding supports planning and pre-construction, while Bally’s still needs additional capital for the roughly $4bn development.
Why it matters
The financing supports Bally’s planning and pre-construction, while additional capital remains necessary for the proposed resort.