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Business
April 10, 2025
Bally’s Chair Weighs in on His Company’s Takeover of The Star Entertainment
The Star Entertainment Group, an Australian casino and hospitality operator, just entered into a binding term sheet with American casino operator Bally’s Corporation. Under the agreement, which is still subject to regulatory approval, Bally’s will take majority control and refinance The Star’s debt, solving its short-term financial problems. In an interview with Inside Asian Gaming, […]
Business
April 7, 2025
Star Entertainment Accepts Bally’s AU$300M Rescue Deal
Australia’s embattled casino operator, Star Entertainment Group, received a lifeline from Bally’s Corporation early last month. At the time, the latter company proposed AU$250 million ($158 million) to help the former and become a major shareholder. The announcement came after Star failed to disclose its six months results for the period ended December 31, 2024, […]
Business
April 1, 2025
Bally’s Gets New Rating Blow Because of Chicago Project
Bally’s Corporation is facing yet another financial setback as a leading Wall Street ratings agency has downgraded its credit once more. Award-winning provider of “credit ratings, commentary, and research,” Fitch Ratings, announced it dropped Bally’s rating from “B” to “B-” due to “execution risk in the development of the Chicago projects,” along with a series […]
Industry
March 31, 2025
PropSwap Strengthens Mississippi Foodhold Via Bally Bet Deal
The secondary market for active sports wagers founded in 2015, PropSwap, has just announced an exciting new partnership with online and retail sportsbook Bally Bet. As per the terms of the fresh agreement, the sportsbook that is part of Bally’s Interactive is now an official partner for PropSwap’s multi-property operations within the largest secondary market […]
Business
March 24, 2025
Billionaire Pub Baron Mathieson Endorses Bally’s Bid for the Star
One of the world’s leading entertainment companies recognized for its “innovation, energy, and dedication to creating thrilling gaming experience,” Bally’s Corporation, has received endorsement from Star Entertainment Group’s largest shareholder in its bid to take control of the struggling Australian casino operator. Billionaire Pub Baron Bruce Mathieson Supports Bally’s Offer According to local reports, Bruce […]
Industry
March 24, 2025
New York: Community Board Opposes Bally’s Bronx Casino Plan
As one of the likely bidders for a casino license in New York, Bally’s Corporation has joined the ongoing race together with nearly a dozen other interested parties. Considering that there are only three casino licenses, each bidder hopes to win one. Bally’s proposal for a new hotel and casino resort development is in the […]
Business
March 19, 2025
Bally’s Plans Casino with Ownership Perks for Bronx Locals
Bally’s Corporation, the leading hospitality and gaming company, is one of nearly a dozen gambling operators and coalitions looking into the possibility of securing a casino license in New York. While competition is fierce, only three licenses are up for grabs. Benefits for Bronx Residents Include Pledges to Community Programs, Investment Opportunities In an effort […]
Business
March 12, 2025
Bally’s Appoints Mira Mircheva As New CFO and EVP
Bally’s Entertainment has announced the appointment of Mira Mircheva as its new chief financial officer, a move that is still subject to regulatory approval. Just in Time for The Queen Casino Integration In addition to her role as CFO, Mircheva will also take on responsibilities as an executive vice president within the company. Mircheva, previously […]
Business
March 11, 2025
Bally’s Corporation Highlights Commitment to Safer Gambling
Bally’s Corporation has unveiled a new initiative for Problem Gambling Awareness Month (PGAM), highlighting its desire to offer gambling safely and responsibly. The campaign aligns with other similar PGAM efforts to promote safer gambling and raise awareness of the responsible gaming tools available to the players. Bally’s Says Trust Is Earned Bally’s Corporation’s latest initiative […]
Business
March 10, 2025
Bally’s Steps in with AU$250M Offer to Help Star Entertainment
Shortly after announcing an agreement to sell half of the shares of its recently opened Brisbane casino at Queens’ Wharf, Australia’s troubled casino and entertainment operator, Star Entertainment, announced it has received a cash injection proposal from Bally’s Corporation. Bally’s Corporation Proposes an Alternative Path That May Benefit The Star Late last month, the former […]
