Bally’s closes $400M financing for Bronx casino project

Bally's Corporation recently finalized a $400 million financing deal for their Bronx casino project, according to a press release. The funds, provided by WhiteHawk Capital Partners, will be used to cover pre-construction expenses and various project costs. An additional $160 million in term loan commitments remains available for later use.

The total estimated cost of the integrated casino project in the Bronx is $4.0 billion, with an expected opening date of 2030. The planned facility will encompass 3 million square feet and feature gaming, a hotel, an event center, and a golf course. Bally's operates in 11 U.S. states and Newcastle, UK, and owns Bally Bet, as well as a majority stake in Bally's Intralot S.A.

WhiteHawk Capital Partners, a private credit investment firm, facilitated the financing, with Citizens Capital Markets & Advisory and Fried, Frank, Harris, Shriver & Jacobson LLP serving as financial and legal advisors, respectively.