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Business
March 9, 2023
NGCB Positive about Bally’s Incoming CEO Robeson Reeves
Early last month, the global casino-entertainment company, Bally’s Corporation, announced a senior-level change. The company confirmed its plans to replace its CEO, Lee Fenton. Consequently, Bally’s confirmed that Fenton will remain in that role until March 31, 2023. As a replacement for Fenton, the company selected Robeson Reeves, an expert within the iGaming vertical with […]
Business
February 24, 2023
Bally’s Enjoys Exceptional Results in 2022 and Growth for Q4
Details emerged as a part of a trading update released on Thursday which saw the company report fourth quarter revenue of $576.7 million. This result, when compared to the Q4 2021 result of $547.7 million, marked a strong increase of more than 5%. Adjusted EBITDA for the three months ended December 31, 2022, hit $145.8 […]
Casino
February 16, 2023
Bally’s Enters the Race for the Limited New York Licenses
The New York State Gaming Commission recently opened the application bidding process for three new downstate casino licenses, and the list of applicants continues to grow. Bally’s is the latest operator to submit its proposal. While the operator’s project seems sound, it will have to compete with other industry heavyweights sporting equally compelling propositions. The […]
Casino
February 14, 2023
Bally’s Corporation Reports Preliminary Results for Q4 and 2022
The preliminary results took a look at both the fourth quarter and the full year. In terms of four-quarter performance, the company posted revenue of $576.7 million, but net loss amounted to $476.8 million, the company said in the update shared with media late on Monday. Fourth Quarter Sees “Unacceptable” Interactive Division Performance Adjusted EBITDA […]
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 […]