Bally’s became the eighth and final applicant for a downstate New York casino license to make its pitch to a Committee Advisory Committee (CAC) on Friday, touting its $4 billion proposed project at Ferry Point.
The presentation, led by Bally’s Chairman Soo Kim, focused largely on potential community benefits, which included a projected 15,000 construction jobs and 4,000 casino positions. Bally’s pledged a fully unionized labor force, $75 million worth of transportation upgrades, $10 million annually earmarked for a Bronx-based community fund based on 1% of gaming revenue, and a “nine-figure investment” to upgrade existing parklands at Ferry Point.
Bally’s is considered a longshot among the eight applicants to be awarded one of the three $500 million licenses from the New York State Gaming Commission.
