Gamesys

Bally’s Corporation Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, February 21, 2024
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Robeson Reeves, Bally’s Chief Executive Officer, commented, “Bally’s completed a successful 2023 with healthy results across all our business segments.

Key Points: 
  • Robeson Reeves, Bally’s Chief Executive Officer, commented, “Bally’s completed a successful 2023 with healthy results across all our business segments.
  • Revenues in the fourth quarter grew 6.1% year-over-year to $611.7 million reflecting continued growth in our Casinos & Resorts, International Interactive and North America Interactive segments.
  • For the full year, International Interactive revenues grew 2.8%.”
    “North America Interactive generated fourth quarter revenues of $33.4 million, up 26.9% year-over-year, and an Adjusted EBITDAR loss of $9.8 million.
  • Bally’s fourth quarter 2023 earnings conference call and audio webcast will be held today, Wednesday, February 21, 2024 at 4:30 p.m. EDT.

Macquarie Capital Names Advisory Veteran Joseph Gatto as Senior Advisor – Global Consumer and Retail

Retrieved on: 
Tuesday, July 18, 2023
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Macquarie Capital , the corporate advisory, capital markets and principal investing arm of Macquarie Group, today announced it has named Joseph Gatto as Senior Advisor – Global Consumer and Retail, strengthening the firm’s coverage in the sector.

Key Points: 
  • Macquarie Capital , the corporate advisory, capital markets and principal investing arm of Macquarie Group, today announced it has named Joseph Gatto as Senior Advisor – Global Consumer and Retail, strengthening the firm’s coverage in the sector.
  • Mr. Gatto will support Macquarie Capital’s global consumer and retail team advising clients across the food and beverage, household products and personal care, consumer goods and retail sectors.
  • In 2019, Mr. Gatto founded Orient Point Partners, focused on strategic advisory and principal investments in consumer wellness working with corporations, private equity, venture capital firms and founder-led enterprises.
  • His reputation, deep relationships and knowledge of the consumer and retail industries make him a valuable addition to our team,” said David Berman, Co-Head of Macquarie Capital, Americas and Global Head of Consumer, Gaming & Leisure.

Bally's Names Marcus Glover Executive Vice President And Chief Financial Officer And Appoints Jaymin B. Patel As Vice Chairman

Retrieved on: 
Tuesday, May 9, 2023
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PROVIDENCE, R.I., May 9, 2023 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) today announced that Marcus Glover has been appointed as Bally's Executive Vice President ("EVP") and Chief Financial Officer ("CFO"). Bobby Lavan, Bally's current CFO, will be leaving the Company to pursue another opportunity. He will be available to management, as needed, to ensure a seamless transition. Mr. Glover's appointment is subject to receipt of customary regulatory approvals.

Key Points: 
  • PROVIDENCE, R.I., May 9, 2023 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) today announced that Marcus Glover has been appointed as Bally's Executive Vice President ("EVP") and Chief Financial Officer ("CFO").
  • Mr. Glover is a senior executive in the hospitality and gaming industry with more than 20 years of experience.
  • Prior to that, Mr. Glover served as President and Chief Operating Officer of the Borgata Hotel, Casino & Spa, and President and Chief Operating Officer of the Beau Rivage Resort & Casino.
  • To support the integration of Bally's diverse operations and global footprint, the Company also announced the appointment of Jaymin B. Patel as Vice Chairman of the Board.

Macquarie Capital Appoints Morgan LeConey Head of US Consumer and Retail, Launching Coverage in the Sector

Retrieved on: 
Wednesday, April 12, 2023
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Macquarie Capital , the corporate advisory, capital markets and principal investing arm of Macquarie Group, today announced it has appointed Morgan LeConey Managing Director, Head of US Consumer and Retail, expanding the firm’s coverage in consumer, gaming and leisure.

Key Points: 
  • Macquarie Capital , the corporate advisory, capital markets and principal investing arm of Macquarie Group, today announced it has appointed Morgan LeConey Managing Director, Head of US Consumer and Retail, expanding the firm’s coverage in consumer, gaming and leisure.
  • Mr. LeConey will advise clients across the food and beverage, household products and personal care, consumer goods and retail sectors.
  • Mr. LeConey joins Macquarie Capital from Nomura, where he was Managing Director, Global Consumer Products and Retail Group, in the firm’s investment banking division.
  • “Morgan brings more than 20 years of advisory experience and in-depth sector knowledge of the consumer and retail industries,” said David Berman, Co-Head of Macquarie Capital in the Americas and Global Head of Consumer, Gaming and Leisure.

Bally's Appoints Robeson Reeves As CEO

Retrieved on: 
Monday, February 13, 2023
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PROVIDENCE, R.I., Feb. 13, 2023 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) today announced that Lee Fenton, CEO, will step down and Robeson Reeves, President - Interactive, will take over as CEO, effective March 31, 2023.

Key Points: 
  • PROVIDENCE, R.I., Feb. 13, 2023 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) today announced that Lee Fenton, CEO, will step down and Robeson Reeves, President - Interactive, will take over as CEO, effective March 31, 2023.
  • Fenton became CEO of Bally's on October 1, 2021 following the acquisition of Gamesys Group PLC where he had been CEO since 2015.
  • Kim continued, "I am excited to have Robeson succeed Lee as CEO.
  • Robeson Reeves, Bally's incoming Chief Executive Officer, said, "I am honored to lead Bally's and grateful for the support and confidence shown in me by my fellow Board members.

Bally's Chicago Receives Critical Support From City Council

Retrieved on: 
Wednesday, December 14, 2022
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CHICAGO, Dec. 14, 2022 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) today garnered a major victory after Chicago's City Council voted to approve an amendment to Planned Development No. 1426, authorizing zoning for the construction of Bally's Chicago Casino – a $1.7 billion flagship entertainment destination. The first phase of this project will include the one million square foot casino building, 500-room hotel, 3,000-person event space, dozens of infrastructure improvements in the surrounding area, and a significant amount of public open space. Chicago Aldermen also approved the ordinance, making way for 3,000 construction jobs, 3,000 permanent jobs, and millions of dollars in tax revenue that the casino will generate annually.

Key Points: 
  • CHICAGO, Dec. 14, 2022 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) today garnered a major victory after Chicago's City Council voted to approve an amendment to Planned Development No.
  • "This is a significant achievement and another critical step forward in the process of developing Bally's Chicago," said Bally's Chairman, Soo Kim.
  • The support comes after the Plan Commission and Committee on Zoning recommended approval of the project to the Chicago City Council earlier this week.
  • Located on the 30-acre Chicago Tribune Publishing Center at the intersection of Chicago Avenue and Halsted Street, Bally's Chicago will transform this currently underutilized site into a major economic driver for the city.

Bally's and International Union of Operating Engineers Enter Into Labor Neutrality Agreement for Tropicana Las Vegas

Retrieved on: 
Friday, December 9, 2022
Online, International union, Craps, IUOE, OSB, State College, Pennsylvania, Corporation, Nittany Mall, NYSE, Building & Construction Trades Council v. Associated Builders & Contractors of Massachusetts/Rhode Island, Inc., Gamesys, Labour, International Union of Operating Engineers, Organizing, Trade, Oregon AFL–CIO, Building and Construction Trades Department, AFL–CIO, IGaming Business, Bally's Corporation, Tropicana Las Vegas

PROVIDENCE, R.I., Dec. 9, 2022 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) today announced that it has entered into a labor neutrality agreement with the International Union of Operating Engineers (IUOE), the 10th largest union in the AFL-CIO with approximately 400,000 active members in 123 local unions throughout the United States and Canada, concerning its Tropicana Las Vegas property. Pursuant to the agreement, the parties will take a neutral approach to organizing campaigns, which will enable every Tropicana Las Vegas employee to make an informed decision regarding their union representation.

Key Points: 
  • PROVIDENCE, R.I., Dec. 9, 2022 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) today announced that it has entered into a labor neutrality agreement with the International Union of Operating Engineers (IUOE), the 10th largest union in the AFL-CIO with approximately 400,000 active members in 123 local unions throughout the United States and Canada, concerning its Tropicana Las Vegas property.
  • Pursuant to the agreement, the parties will take a neutral approach to organizing campaigns, which will enable every Tropicana Las Vegas employee to make an informed decision regarding their union representation.
  • We have an established track record of building positive relationships with organized labor and look forward to continuing to foster our relationship with IUOE."
  • Bally's agreement with IUOE is yet another example of the company's continued and consistent support for its employees and labor unions.

Bally's Expands Executive Team With Addition Of Kim Barker Lee As Executive Vice President, Chief Legal Officer

Retrieved on: 
Wednesday, December 7, 2022
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PROVIDENCE, R.I., Dec. 7, 2022 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) today announced that Kim Barker Lee has joined the company as Executive Vice President, Chief Legal Officer. In that capacity, Ms. Lee will oversee Bally's legal and public affairs teams, supporting the Company's global strategic initiatives. She brings more than 25 years of legal and business expertise to Bally's, including knowledge of lottery, gaming, and governmental law, as well as experience with public private partnerships, public finance transactions, corporate governance, and regulatory matters.

Key Points: 
  • PROVIDENCE, R.I., Dec. 7, 2022 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) today announced that Kim Barker Lee has joined the company as Executive Vice President, Chief Legal Officer.
  • In that capacity, Ms. Lee will oversee Bally's legal and public affairs teams, supporting the Company's global strategic initiatives.
  • Lee Fenton, Chief Executive Officer of Bally's, said,"We are excited to welcome Kim to Bally's and are confident that she will make an excellent addition to our global leadership team.
  • Ms. Lee maintains strong relationships with business, legislative, and governmental leaders at the national, state, and local levels, including in Rhode Island and Illinois.

Bally's To Report Third Quarter 2022 Results On November 3, 2022

Retrieved on: 
Monday, October 24, 2022
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PROVIDENCE, R.I., Oct. 24, 2022 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) will release financial results for the third quarter 2022 prior to the market opening on Thursday, November 3, 2022.

Key Points: 
  • PROVIDENCE, R.I., Oct. 24, 2022 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) will release financial results for the third quarter 2022 prior to the market opening on Thursday, November 3, 2022.
  • Management will host a conference call on the same day at 8:00 a.m. EDT to discuss results.
  • To access the conference call, please dial (800) 274-8461 (U.S. toll-free) and reference conference ID BALYQ322.
  • An online audio webcast of the conference call will be available via the Investors section of the Company's website https://ballys.com .

Bally's Chicago Comes to Project Labor Agreement

Retrieved on: 
Monday, October 17, 2022
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CHICAGO, Oct. 17, 2022 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) today announced that it has signed a Multi-Project Labor Agreement (PLA) with the Chicago & Cook County Building & Construction Trades Council (CCBT) and the AFL-CIO Building and Construction Trades Department as it relates to construction of its flagship Bally's Chicago casino.

Key Points: 
  • CHICAGO, Oct. 17, 2022 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) today announced that it has signed a Multi-Project Labor Agreement (PLA) with the Chicago & Cook County Building & Construction Trades Council (CCBT) and the AFL-CIO Building and Construction Trades Department as it relates to construction of its flagship Bally's Chicago casino.
  • "BCTC is proud to stand with Bally's Chicago in this historic building of the first and only casino in the City of Chicago," said CCBT President Michael Macellaio.
  • "This is the first step of a project that will be built by Chicago, for Chicago, and help the city keep its promises to the police and fire pensions."
  • "We appreciate that Bally's holds itself to a higher standard when it comes to employment," said Bob Reiter, President of the Chicago Federation of Labor.