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Bally's Chicago Receives Critical Support From City Council

Retrieved on: 
Wednesday, December 14, 2022

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

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

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

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

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.

Bally's Announces Marc Crisafulli, EVP Of Government Relations, Legal And Regulatory, To Retire

Retrieved on: 
Friday, September 16, 2022

PROVIDENCE, R.I., Sept. 16, 2022 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) today announced that Marc Crisafulli, EVP of Government Relations, Legal and Regulatory, will retire from the company, effective September 16, 2022.

Key Points: 
  • PROVIDENCE, R.I., Sept. 16, 2022 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) today announced that Marc Crisafulli, EVP of Government Relations, Legal and Regulatory, will retire from the company, effective September 16, 2022.
  • Lee Fenton, Bally's Chief Executive Officer, said, "I want to thank Marc for his commitment and many contributions to Bally's over the last few years.
  • Soo Kim, Chairman of Bally's Corporation's Board of Directors, said, "Marc led a robust expansion of Bally's in recent years.
  • We look forward to building on what Marc has helped establish, and we wish him all the best in this next chapter."

Bally's Becomes An Official Sports Betting Partner Of The New York Yankees

Retrieved on: 
Monday, August 1, 2022

PROVIDENCE, R.I., Aug. 1, 2022 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) 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.

Key Points: 
  • 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 trademarks and marketing designations as an official sports betting partner (Bally Bet), an official daily fantasy sports partner (Monkey Knife Fight), an official iGaming partner (Bally Casino), and an official free-to-play gaming partner (Bally Play).
  • Bally's Casino Atlantic City also becomes a proud partner of the New York Yankees.
  • "We are excited to begin this partnership with Bally's," said Michael J. Tusiani, New York Yankees Senior Vice President of Partnerships.

Bally's To Report Second Quarter 2022 Results On August 4, 2022

Retrieved on: 
Wednesday, July 20, 2022

PROVIDENCE, R.I., July 20, 2022 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) will release financial results for the second quarter 2022 prior to the market opening on Thursday, August 4, 2022.

Key Points: 
  • PROVIDENCE, R.I., July 20, 2022 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) will release financial results for the second quarter 2022 prior to the market opening on Thursday, August 4, 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) 343-4849 (U.S. toll-free) and reference conference ID BALYQ22022.
  • 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 Provides Update On Strategic Review and Capital Return Program

Retrieved on: 
Thursday, May 5, 2022

Bally's simultaneously announced that its board of directors determined that Bally's should pursue initiating a cash tender offer for its shares.

Key Points: 
  • Bally's simultaneously announced that its board of directors determined that Bally's should pursue initiating a cash tender offer for its shares.
  • The commencement of the offer is subject to, among other things, obtaining necessary financing and final approval by Bally's board.
  • Bally's special committee was advised by Macquarie Capital (USA) Inc. as its financial advisor and Potter Anderson & Corroon LLP as its legal advisor.
  • Shareholders are urged to carefully read these materials prior to making any decision with respect to the tender offer.

Bally's To Report First Quarter 2022 Results On May 5, 2022

Retrieved on: 
Thursday, April 21, 2022

PROVIDENCE, R.I., April 21, 2022 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) will release financial results for the first quarter 2022 prior to the market opening on Thursday, May 5, 2022.

Key Points: 
  • PROVIDENCE, R.I., April 21, 2022 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) will release financial results for the first quarter 2022 prior to the market opening on Thursday, May 5, 2022.
  • Management will host a conference call on the same day at 8:00 a.m. EST to discuss results.
  • To access the conference call, please dial (877) 830-2589 (U.S. toll-free) and reference conference ID BALY1Q2022.
  • An online audio webcast of the conference call will be available via the Investors section of the Company's website https://ballys.com .