Bally’s Lands $560M Loan From WhiteHawk for Bronx Casino Development
about 12 hours ago
Bally’s secured a $560 million debt package from WhiteHawk Capital Partners to fund the development of a 3 million-square-foot casino complex in the Bronx, New York. The project includes a 500-room hotel and a 2,000-person event center and is part of three gambling projects approved by New York State. The financing will support pre-construction and other related expenditures, with the deal expected to close in the third quarter.