Bally's Lands $560 Million Financing to Keep Its Bronx Casino on Schedule
WhiteHawk Capital Partners will fund pre-construction work on the planned Ferry Point resort.
Bally's Corporation announced on September 14 that it secured up to $560 million in new financing led by WhiteHawk Capital Partners: $400 million of closing-date term loans and $160 million of delayed-draw term loans. The money will fund pre-construction work on its Bronx casino and provide general corporate liquidity, with closing expected in the third quarter subject to approvals.
The resort is planned for the former Ferry Point golf course site, which Bally's bought from New York City for $156.6 million in February. Plans call for roughly 3 million square feet, a 500-room hotel and a 2,000-person event center, in a project reported at about $4 billion. The loans do not cover the full construction cost.
WhiteHawk is a familiar partner: it arranged a $390 million refinancing for The Star Entertainment Group, the Australian operator Bally's acquired this year. Analysts are watching the company's debt closely, with a paused Chicago hotel build, a dispute with the city over video gaming terminals and a delayed Las Vegas stadium-adjacent project all in the background.
Key facts
- Financing: $400 million term loans plus $160 million delayed-draw
- Lender: WhiteHawk Capital Partners
- Site: former Ferry Point golf course, bought for $156.6 million
- Plans: ~3 million sq ft, 500-room hotel, 2,000-person event center
- Closing expected in Q3 2026, subject to approvals
Source: Casino.org. Summary written by BetWiseBrief; details as reported on September 14, 2026 and may change.
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