It has been reported that the online gaming operator, Bally’s, paid $60m to buy a public golf course in New York City from Donald Trump's company.
This was testified by Donald Trump Jr on Thursday at the Civil Fraud Trial that is currently taking place in relation to the ex-President of the US, Donald Trump and his finances; as well as his family's business dealings.
The terms of the lease transfer weren't disclosed at the time of the deal being made public earlier in the year, with Donald Trump Jr revealing the price when he was being questioned on the witness stand on Thursday. Although he did mention that the Trump Organization had incurred “a lot of costs” over the years and so he wasn’t sure of the net profit.
The 18-hole golf course is now called Bally’s Golf Links at Ferry Point, with the Bally’s deal having been given approval by both the City Comptroller and the City’s Parks Department.
The deal between Bally’s and the Trump Organization, to take over the Trump Links public golf course, did face a lengthy New York Parks Department approval process back in May, ahead of the deal finally going through in recent months, but now Bally’s has full operations, management and maintenance of the golf course.
In other news, Bally’s reported its Q3 2023 yesterday, posting $632.5m in company-wide revenue, which was the highest recorded in the company’s history.
