New York City Approves Three Casinos, Bally's and Trump Organization to Benefit

New York City has approved licenses for three casinos, including one from Bally's Corp, Genting Group, and a gaming complex from Hard Rock and owner Steve Cohen. The casinos, set to be built in Queens and the Bronx, will bring billions in tax revenue and new jobs. Bally's, which will pay The Trump Organization $115 million, could be a big winner, as well as Cohen's Hard Rock casino. The state gaming commission still needs to vote on the proposed locations before the end of the year.