NYC Mayor Eric Adams helps save Trump-linked Bally's casino bid with show of support
Mayor Eric Adams put his chips on the table for Bally's.
The City Council voted to advance legislation Wednesday that would allow gaming operator Bally's to convert part of President Trump's former Bronx golf course into a casino — after the mayor intervened to help secure its passage.
The proposal — referred to as a home rule message — requires 34 votes from the council for passage without the mayor's backing. But only 26 votes are needed — a simple majority, if the mayor declares his support.
At the 11th hour on Wednesday, Adams issued a formal message of support to the council, and the measure passed 32-12, with seven abstaining.
It means the bill can now be take up by the state Legislature.
If approved, it would allow the golf course property, currently designated as state parkland, to be repurposed as a casino complex.
Bally's will then be able to submit a bid for one of three covered downstate state casino licenses later this month.
The firm hopes to build a 500,000-square-foot casino on the Bronx site by its golf course — now called Bally's Golf Links at Ferry Point — 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 City Council and Albany lawmakers recently approved such land use legislation allowing Mets owner Steve Cohen and Hard Rock to repurpose some of the lots around Citi Field for a casino complex.
Cohen's bill got little to no resistance from the council — but Bally's, with its Trump connection, did.
As part of the deal to acquire the golf course at Ferry Point in 2023, Bally's agreed to provide the Trump Organization an additional $115 million if it wins a casino license.
As The Post previously reported, a council vote on Bally's proposal was postponed two weeks ago — provoking criticism from its CEO Soo Kim, who also fumed that lobbyists for rival bidder Cohen were allegedly whipping up votes against him.
Bronx Democrats back the project. But Councilwoman Kristy Marmarato, a Republican whose district includes Bally's Golf Link at Ferry Point, opposes it.
Her opposition triggered five of her GOP colleagues — including Council Minority Leader Joanne Ariola — to vote against the project that could benefit the president and his company.
During the vote, Marmarato said her constituents opposed the proposed casino and blasted 'outside interference' and 'special interests' lobbying.
City Hall insisted the mayor pushed for Bally's to get a fair hearing from the state Gaming Commission with its casino bid, and wasn't putting his thumb on the scale for the gaming operator or Trump.
'Mayor Adams supports a fair process with as many competitive casino bids in New York City as possible, each of which would bring good-paying union jobs and an economic boost to the community,' an Adams spokesman said.
'It does not matter which proposal is selected by the state so long as it's in New York City. We would be supportive of more than one selection in New York City, but that requires more than one competitive proposal.'
Bally's applauded the Council's action.
'We appreciate the City Council, including the Speaker and Bronx Delegation in particular, for recognizing the opportunity that this project can afford to the Bronx and the City as a whole. Their actions today allow us to move forward to the next step of making this happen for NYC,' said Christopher Jewett, Bally's senior vice president of corporate development.
He said Bally's has been a 'good neighbor' and will continue to work closely with elected officials and residents.
Cohen's team declined to comment.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
41 minutes ago
- Bloomberg
Trump's Twists and Turns Over Iran Leave Oil Traders Hanging
The oil market is wrestling with Donald Trump's next act in the conflict between Iran and Israel, with the US president's every utterance over the fighting seemingly capable of spiking or crashing prices. In a wild week, Brent futures have surged 11% from before Israel attacked its nemesis, but with sharp moves up and down from one day to the next.
Yahoo
42 minutes ago
- Yahoo
Is Net Worth More Important Than A High Salary? Some Say Yes, Others Argue A High Salary With Low Net Worth Is 'Much Easier To Fix'
When a Reddit user recently posted a rant claiming that net worth is more important than salary, it sparked a heated debate. The post criticized people who flaunt six-figure incomes but have little to show for it. The author questioned the value of a high paycheck if it all disappears to debt and lifestyle costs. 'Who cares what you make if you are still broke,' they wrote. The poster argued that plenty of six-figure earners live paycheck to paycheck and flex their income despite being buried in debt. 'I would rather make 50k a year and have 250k NW, than 150k a year and be in debt,' they wrote, adding, 'Having high NW displays financial discipline and competence.' Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Peter Thiel turned $1,700 into $5 billion—now accredited investors are eyeing this software company with similar breakout potential. Learn how you can Some people agreed, pointing out that income is only one part of the story. 'I worked with a guy who made over 100k,' one commenter wrote. 'Refused to save anything, not even 401(k). He bought anything and everything he wanted. He's still doing it.' Others pushed back, saying a high salary gives you more options and flexibility. 'Give me the high salary and low net worth. Much easier to fix,' one person said. Another argued, 'That 150k [salary] can erase debt and build a 250k NW a hell of a lot faster than the 50k / 250k one can increase.' A more detailed reply laid out how someone earning $150,000 could contribute aggressively to retirement, get employer matches, and outpace someone with a smaller income within a few years. 'You could waste ALL of your 126.5K minus taxes and end up with a quarter mill in 5 years,' the commenter explained. Trending: Maximize saving for your retirement and cut down on taxes: . Despite disagreements, one consistent theme emerged: discipline matters more than raw numbers. 'If you have an uncontrollable spending problem, it doesn't matter how much you make,' a user wrote. 'You can make 1 million a year and if you still spend 1.2 million you're an idiot.' Another summed it up this way: 'Net worth isn't always a sign of discipline but your post is well taken. If I made a million dollars per year for one year it doesn't make you rich.' Several pointed out that net worth often includes illiquid assets like homes, which can inflate the numbers without improving someone's day-to-day finances. 'You can't access your 401(k) without paying a penalty... unless your net worth is mostly comprised of cash in a mattress, a low salary and high net worth won't increase your buying power,' one user the end, some people argued that the best position is to have both: a strong income and disciplined saving habits. Consistent contributions to your retirement—while increasing the percentage over time— and positive cash flow are even more important, as those will build your net worth over time. A high income can fuel savings and investment, while net worth provides security when income slows down. Building both and understanding how they support each other is what creates lasting financial stability. Read Next: Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Is Net Worth More Important Than A High Salary? Some Say Yes, Others Argue A High Salary With Low Net Worth Is 'Much Easier To Fix' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
42 minutes ago
- Yahoo
ThinkCareBelieve: Week 22 of America's Rise to Greatness under President Trump's Leadership
Washington, DC, June 21, 2025 (GLOBE NEWSWIRE) -- Link to ThinkCareBelieve's Article: has published an article about Week 22 of America's rise to greatness. This week entailed outstanding leadership by a steady hand through choppy waters and ThinkCareBelieve's article shows how the President kept moving forward at a strong, surefooted pace. ThinkCareBelieve's article has important progress made at the G7 and the signing of major trade agreements as tensions between Iran and Israel took place. The message from Press Secretary Karoline Leavitt this week was "Trust in President Trump." Great nations are made because of great leaders and this week was proof of it. America has just had the highest wage increase in 60 years and the article has it. Real blue collar wages are up nearly 2%! America's low inflation and rising wages is a sure sign of success. Two new 88 foot high flag poles were installed this week, a magnificent addition to the White House grounds. The article has the latest on the status of student visas from Secretary of State Marco Rubio and President Trump's approval numbers keep going up! The article covers the Genius Act being passed by the Senate and the announcement that 70,000 people have signed up for President Trump's Gold Card Visa. The article has an abundance of reasons the One Big Beautiful Bill will benefit Americans. The OBBB will drive growth and supercharge the American economy. The article even has a tax-free tips and overtime calculator to see the average savings in your state: The article has statements by Dr. OZ the Administrator of the Center for Medicaid and Medicare Services on just how the One Big Beatiful Bill will help the most vulnerable of us who will suffer if the OBBB is not passed. The article also covers the great strides made by Secretary Kennedy convincing major food manufacturers to remove artificial food dyes and chemicals from their foods. The article also has an announcement by U.S. Attoney Jeanine Pirro of the U.S. Department of Justice crackdown on Crypto Currency Confidence Scams with confiscation and seizure of stolen money being returned back to the victims. Numerous investigations commenced this week and ThinkCareBelieve's article has the surge in attacks on ICE as they tried to do their jobs arresting criminal illegal aliens, catching child predators and dismantling trafficking networks. President Trump is the Man in the Arena and we are witessing history seeing how this man leads us through the muck and the mire to peace and prosperity in America's Golden Age. is an outlook. ThinkCareBelieve's mission for Peace advocacy facilitates positive outcomes and expanded possibilities. To achieve Peace, we will find the commonalities between diverse groups and bring the focus on common needs, working together toward shared goals. Activism is an important aspect of ThinkCareBelieve, because public participation and awareness to issues needing exposure to light leads to justice. Improved transparency in government can lead to changes in policy and procedure resulting in more fluid communication between the public and the government that serves them. America needs hope right now, and Americans need to be more involved in their government. ### CONTACT: CONTACT: Joanne COMPANY: ThinkCareBelieve EMAIL: joanne@ WEB: in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
