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Business
February 13, 2023
Bally’s Corporation Says Robeson Reeves to Replace Lee Fenton as CEO
The global casino-entertainment company with a constantly growing offering of sports betting and iGaming products has announced its current chief executive officer Lee Fenton will be replaced by its interactive department president – Reeves. Fenton Will Also Leave Bally’s Board of Directors The decision will come into effect starting March 31, 2023. Besides stepping down […]
Business
January 19, 2023
Bally’s Plans 15% Layoffs in North American Interactive Segment
The announcement came on Wednesday after the company filed Form 8-K with the US Securities and Exchange Commission. The filing reveals that Bally’s plans to reduce its operating costs and boost the profitability of its North American Interactive segments. Redundancies a Part of a Restructuring Plan The announced restructuring plan involves the reduction of the […]
Business
January 18, 2023
Bally’s Names Tracy Harris Independent Member of the Board
The international casino-entertainment company that has access to 18 OSB licenses and owns 15 casinos has chosen the experienced chief financial officer and strategic advisor for her “deep finance, operations, and strategy expertise”, as stated by Bally’s chairman of the board Soo Kim. On Board in Numerous Sectors With an accumulated experience of over two […]
Casino
January 6, 2023
Bally’s, GLPI Completed Previously Announced Sale-Leaseback
Bally’s Corporation and Gaming & Leisure Properties (GLPI) announced that the acquisition of the land and real estate assets of Bally’s Tiverton Casino & Hotel in Tiverton, Rhode Island, and Bally’s Hard Rock Hotel & Casino Biloxi in Biloxi, Mississippi by GLPI is now completed for a total consideration of $635 million. Bally’s Sells Real […]
Sports
December 20, 2022
Bally’s Branded RSNs Face Bankruptcy as Sports Leagues Back Out of Sale Talks
The New York Post reported that the MLB, the NBA, and NHL will most probably back out of their plans to buy the 21 RSNs owned by Diamond Sports Group that account for about over half the local broadcast market in the US. The decision stems from the fact that Diamond Sports announced it is […]
Casino
December 15, 2022
Bally’s Obtains City Council Vote, Gets One Stop Closer to Flagship Casino
NYSE-listed, global casino entertainment company Bally’s Corporation has scored a big victory in its endeavor to see its new flagship casino rise in Chicago. The City Council offered a favorable vote to an amendment to Planned Development No. 1426 which would give the green light for zoning for the building of Bally’s $1.7 billion Chicago […]
Casino
December 12, 2022
Bally’s and IUOE Seal Labor Neutrality Deal for Tropicana Las Vegas Employees
International casino and entertainment company offering online sports betting and iGaming solutions Bally’s Corporation has sealed a labor neutrality deal with the 10th largest union in the American Federation of Labor and Congress of Industrial Organizations (AFL–CIO), the International Union of Operating Engineers (IUOE). The latter counts around 400,000 active members spread across 123 local […]
Casino
December 7, 2022
Bally’s Appointed Kim Barker Lee as EVP, Chief Legal Officer
Casino gaming and entertainment company Bally’s Corporation announced the appointment of Kim Barker Lee as Executive Vice President and Chief Legal Officer. Depth and Breadth of Legal Expertise The appointment of Lee at NYSE-listed Bally’s Corporation brings more than 25 years of legal and business expertise gained across various partnerships, public finance transactions, corporate governance, […]
Casino
December 1, 2022
Bally’s Addresses Locals’ Concerns Over Temporary Casino in Chicago
On November 29, Bally’s representatives and Chicago city officials arranged a community meeting with local residents to address their concerns in connection with Bally’s temporary casino, which will occupy the Medinah Temple. Local Residents’ Concerns Were Heard by Bally’s Executives and Chicago Officials Chicago Sun-Times reported that Chicago city officials and Bally’s leaders met with […]
Casino
November 22, 2022
Bally’s Inks a $500M Sale Leaseback Deal with Chicago Investor
Bally’s Corporation, one of the world’s leading entertainment companies, announced a new deal with a leading Chicago real estate private equity firm. As agreed by the two parties, the investor paid $200 million to acquire the 30-acre Tribune Publishing Center site. Bally’s Corporation Reached an Agreement with a Notable Investor The property in question is […]
