Tag Archives: Bally’s
Bally’s appoints Mira Mircheva as Executive Vice President and Chief Financial Officer
Mira Mircheva has been appointed as Executive Vice President (EVP) and Chief Financial Officer (CFO) of Bally’s Corporation, subject to regulatory approvals. Marcus Glover, Bally’s current CFO, has been appointed to serve as Bally’s Executive Vice President, Global Operations Group. Ms. Mircheva is a senior executive in the hospitality and gaming industry with more than 25 years…
‘Transformational year’ for Bally’s with Chicago build underway and Tropicana demolition complete
In what was described as a ‘transformational year’ Bally’s revenues fell 5.1 per cent to $580.4m despite North America Interactive revenue of $41.5m, up 24.4 per cent year over year and UK online revenue growing 11.3 per cent. Robeson Reeves, Bally’s Chief Executive Officer, commented, “Fiscal 2024 was a transformational and transitional year for Bally’s…
UK – Bally’s brings the American gaming experience to the UK
Gamesys Operations Limited, a Bally’s Corporation Company, has announced the launch of the state-of-the-art online casino brand in the UK. Building on the prominent and well-established Bally’s brand in the United States, the launch of Bally Casino in the UK brings a fresh new brand to the igaming market. Although a UK launch, it has…
US – Bally’s steps up preparations for Rhode Island iGaming launch
Bally’s has entered into a strategic partnership with Stakelogic to support the operator’s launch of iGaming operations in Rhode Island. The Rhode Island iGaming bill, which occurred on June 22, extended Bally’s role as the sole active casino operator in the state to now include iGaming. As part of their partnership, Bally’s will leverage Stakelogic’s…
US – Bally’s to look at assets that ‘drag’ as profits thin
Third quarter profits have fallen for Bally’s Corporation who generated revenue of $578.2m for the third quarter ended September 30, 2022, with net income of $0.6m and adjusted EBITDA of $151m. Bally’s said it will take ‘a hard look’ at non-core assets that it said were ‘a drag’ on EBITDA. Lee Fenton, Chief Executive Officer said: “In the third…
US – Bally’s completes $148m acquisition of Tropicana Las Vegas
Bally’s has completed on its previously announced acquisition of the Tropicana Las Vegas with Gaming & Leisure Properties. GLPI and PENN completed the transaction relating to the acquisition of the non-land assets of the Tropicana Las Vegas for a cash purchase price of $148m. Bally’s will lease the land underlying the Tropicana property from GLPI…
US – Bally’s donates six-figure sum to International Center for Responsible Gaming
The International Center for Responsible Gaming has received a $600,000 donation from Bally’s Corporation to support multi-year scientific research on gambling among young adults and the usage and effectiveness of responsible gambling tools. Since its establishment in 1996, the ICRG has become a prominent funding source in problem gambling research, yielding hundreds of articles published…
US – Bally’s signs up as sports betting partner of New York Yankees
Bally’s Corporation announced today a marketing partnership designating Bally Bet as an official sports betting partner of the 27-time World Series Champions. This marks Bally’s first sports team partnership in New York after becoming the ninth online sports betting operator in the state in July. Under the agreement, Bally’s receives use of New York Yankees…
US – Bally’s announces final results of ‘Dutch Auction’ tender offer
Bally’s has announced the final results of its modified “Dutch Auction” tender offer. Based on the final count by American Stock Transfer & Trust Company, the depositary for the tender offer, 4.7m common shares were validly tendered at or below the final purchase price of $22 per share and not validly withdrawn, including shares that…
