Bally’s Corporation Closes Previously Announced $400 Million Financing for Its Bronx Project
Bally’s Corporation has closed the previously announced financing led by WhiteHawk Capital Partners, LP, moving its Bronx casino project from a licensed plan to a funded one. In an announcement on 2 October 2026, the company said it had received initial funding of term loans in an aggregate principal amount of $400 million, with the proceeds set to cover pre-construction costs tied to the development of the Bally’s Bronx project.
Part of that funding is also being applied to general corporate purposes, including the payment of transaction fees and expenses incurred at closing. Alongside the funded portion, a further $160 million in delayed draw term loan commitments remains available for future draws to support the continued development of the project.
What the Bally’s Bronx financing covers at closing
The $400 million is the funded tranche, available now and directed at pre-construction costs for the Bally’s Bronx project. A portion is also applied to general corporate purposes, including transaction fees and expenses incurred at closing. The additional $160 million is committed but not yet drawn, held as delayed draw term loans that remain available for future draws as the Bronx development continues.
This gives the project funded capital in hand for its immediate pre-construction needs, with a further committed amount set aside to support later stages of the build.
Inside the $4 billion Bally’s Bronx casino project
The Bally’s Bronx integrated casino carries a $4.0 billion total and is expected to open by 2030. According to the company, the development will feature 3 million square feet of gaming facilities, a 500-room hotel, a 2,000-person event center and an 18-hole golf course.
Those specifications set out the scale of the project that the closed financing is now supporting through its pre-construction phase.
How the WhiteHawk term loan deal was advised
Citizens Capital Markets & Advisory served as financial advisor to Bally’s Corporation on the transaction, and Fried, Frank, Harris, Shriver & Jacobson LLP served as legal advisor. The financing was led by WhiteHawk Capital Partners, LP, which describes itself as a private credit investment manager focused on asset-based financing solutions for middle market private and public companies.
These are the parties named in the announcement as having structured and advised on the financing now closed.
What the Bally’s Bronx funding closing means for the project
A licence award permits a project; a financing closing puts capital behind it. With $400 million funded for pre-construction and $160 million committed for future draws, Bally’s now has capital in place to begin spending on the Bronx development while keeping committed funds available for the stages that follow. This is the step that allows pre-construction on the project to proceed, backed by its first secured tranche of funding.
The company notes that forward-looking statements, including the opening timeline, are subject to risks and are not guarantees of future performance. For a build of this scale, securing the capital to begin is the foundational step, and this announcement confirms Bally’s has taken it for the Bronx casino project.
What comes next for the Bally’s Bronx casino development?
With pre-construction funding secured, the Bally’s Bronx project moves from an approved concept to an active development. The closed financing provides the capital to start, the delayed draw commitment keeps further funds available as work advances, and the project remains on course toward its targeted 2030 opening. The closing marks the point at which Bally’s Bronx moves from a licensed project to one with funded development under way.
Source: Bally’s Corporation
