Bally's Corporation
Bally’s Announces $5M Donation to Community College of Rhode Island Foundation as Part of Long-term Partnership

Bally’s Corporation announced a $5 million donation to the Community College of Rhode Island (CCRI) Foundation as part of its long-term partnership. This gift, which marks the largest in the Foundation’s nearly 45-year history and doubles the size of CCRI’s endowment, will increase pathways to higher education and provide economic opportunities for students interested in pursuing a career in the casino and gaming industries, as well as Bally’s employees looking to advance their skillsets.
Bally’s Chairman Soo Kim said: “It is an honor to partner with CCRI on such an exciting and important initiative. We are proud to play an integral part in offering higher education opportunities for Rhode Island’s workforce, creating new jobs, and driving economic development. Rhode Island is our home, and continued investment in its local communities and workforces will always be a top priority for us. While this donation is the latest milestone in our long-term partnership with CCRI, we look forward to supporting this program for many years to come, creating a legacy of economic opportunity.”
Governor Daniel McKee said: “This landmark partnership between Bally’s and CCRI will provide important learning and training for our CCRI students, leading to new workforce opportunities. The generous gift provided by one Rhode Island-based company for the benefit of so many of our state’s community college students is a powerful way to advance economic and social opportunity and teach meaningful, transferable workforce skills. I applaud Bally’s for investing in our state’s higher education system and our students.”
As a result of this investment, CCRI will become the only higher education institution in Rhode Island, and one of a few higher education institutions in New England, to offer students the opportunity to obtain a certificate or associate degree based on a comprehensive gaming-focused curriculum. The program will include traditional classroom learning, online courses, on-campus learning labs, and opportunities to work at a Bally’s property, and consists of casino, hospitality, and hotel management-specific courses such as dealer training, casino operations, cybersecurity, iGaming operations, culinary arts, hotel management, and slot technology.
CCRI will initially focus on working with faculty and staff to build out the course curriculum with a goal of having degree programs available by Fall 2024. Simultaneously, the college’s Division of Workforce Partnerships will quickly develop and launch short-term credentials to upskill Bally’s existing workforce and create a talent pipeline of new employees.
Rosemary A. Costigan, Interim President of CCRI, said: “This remarkable gift recognizes the College’s track record in expanding new programs and degree pathways for students. The initiative, developed in partnership with the Bally’s and CCRI teams, will provide CCRI students with new opportunities to learn and work as the best version of themselves. Our partnership brings attention to the unparalleled value of community colleges and their powerful role in the region’s economy, and I am grateful for Bally’s belief in us and our incredible students.”
CCRI, the largest public institution of higher education in the state, educates nearly 20,000 students each year. Notably, the school is designated a Hispanic-Serving Institution by the United States Department of Education and serves more low-income students and students of color than any other higher education institution in the state.
Former CCRI President Meghan Hughes said: “Bally’s $5 million contribution to the CCRI Foundation marks an extraordinary moment in the college’s history. This partnership between CCRI and Bally’s stands as a testament to the transformative power of education and industry collaboration. Through this initiative, we are investing in community college students and their future success.”
In addition to new certificate and degree program development, Bally’s investment will provide scholarships to qualifying Rhode Islanders seeking a career in the growing gaming and hospitality industries, reflecting the Company’s continued commitment to creating opportunities for economic growth and development in the communities it serves. Additional details on this program, including scholarship opportunities, will be forthcoming.
Bally's Corporation
Bally’s Corporation Announces Amendments to Its Revolving Credit Facility

Bally’s Corporation announced that it secured an extension of the October 1, 2026 maturity of $460 million of its revolving credit facility (RCF) commitments to a new extended maturity tranche date of October 1, 2028. In addition, all RCF lenders, representing $620 million in commitments, consented to the proposed sale and leaseback of the Company’s Twin River Lincoln Casino Resort (the SLB Transaction) pursuant to an existing agreement between the Company and Gaming and Leisure Properties Inc. (GLPI – Nasdaq) for cash proceeds of $735 million before transaction expenses and taxes. Upon receiving similar consents to the SLB Transaction from holders of at least approximately $630 million of term loans, which represent approximately 33% of currently outstanding amounts, the Company will have received sufficient consent from its senior secured lenders to proceed with the SLB Transaction. The amended RCF financing and the proposed SLB Transaction are subject to the approval of various regulatory authorities.
Bally’s has agreed with its RCF lenders, that upon completion of the SLB Transaction, Bally’s will take actions to reduce secured debt and credit facilities outstanding by an aggregate amount of $500 million, with first a permanent reduction of outstanding RCF commitments by 7.5%, to approximately $574 million, and thereafter to prepay Bally’s outstanding term loan and first lien notes on a pro rata basis, or an approximate 19% reduction of such outstanding balances. The net sale proceeds after transaction expenses and provision for taxes from the SLB Transaction are expected to reduce outstanding RCF drawings.
If the SLB Transaction is consummated, based upon the agreed amendments with Bally’s RCF lenders, and if similarly ratified by Bally’s term loan lenders, the combined outstanding balances of Bally’s term loans and first lien notes is expected to be reduced from approximately $2.4 billion to approximately $1.94 billion. Separately, Bally’s continues to make progress towards the consummation of its announced €2.7 billion sale transaction of Bally’s International Interactive business to Intralot S.A., which is expected to close during the fourth quarter of 2025. Bally’s is expected to receive approximately €1.5 billion in cash, with the balance of the consideration to be received in Intralot stock, which when combined with Intralot shares currently held by Bally’s, will result in pro forma ownership by Bally’s in excess of 60% of outstanding equity interest in the combined company. Accordingly, Bally’s is expected to receive its pro rata dividend distributions when paid by Intralot S.A., based upon local statutory provisions that require a minimum of 35% of net income to be paid out to shareholders as dividends.
The post Bally’s Corporation Announces Amendments to Its Revolving Credit Facility appeared first on Gaming and Gambling Industry in the Americas.
Bally's
Evolution Enters Rhode Island Through Extended Partnership with Bally’s Corporation

Evolution announced a new partnership agreement with Bally’s Corporation. The agreement strengthens Bally Casino’s offering in Rhode Island, with a wide-ranging portfolio of Evolution’s slot titles, and establishes Evolution’s footprint in Rhode Island, a key milestone in its US growth strategy.
In a historic first, Evolution is now live in Rhode Island with its online slot games from its renowned slot brands NetEnt, Red Tiger and Big Time Gaming. This milestone marks Evolution’s entry into the state and establishes a presence in all seven US states which currently offer online casino gaming.
Also, under the terms of the agreement, Evolution has also introduced exclusive Bally’s branded live dealer Blackjack tables in New Jersey and Pennsylvania. These dedicated tables offer a seamless user interface integration with the Bally Bet Casino app, and will provide a premium, personalised player experience which showcases the distinctive Bally brand. In addition to these live dealer games, Bally players in New Jersey and Pennsylvania will enjoy an expanded collection of the newest and most exciting cutting-edge slot titles.
Jacob Claesson, Chief Executive Officer Evolution North America, commented: “This agreement represents a significant step forward for both Evolution and Bally’s Corporation. We’re thrilled to deepen our collaboration with Bally’s by delivering world-class gaming experiences and extend our reach into Rhode Island, a first for Evolution. This partnership showcases our shared commitment to driving innovation and providing exceptional entertainment for players.”
The post Evolution Enters Rhode Island Through Extended Partnership with Bally’s Corporation appeared first on Gaming and Gambling Industry in the Americas.
Bally's Corporation
Bally’s Appoints New Executive VP and Chief Financial Officer

Bally’s Corporation announced that Mira Mircheva has been appointed as Executive Vice President (EVP) and Chief Financial Officer (CFO), subject to regulatory approvals. Marcus Glover, Bally’s current CFO, has been appointed to serve as Bally’s Executive Vice President, Global Operations Group.
Ms. Mircheva is a senior executive in the hospitality and gaming industry with more than 25 years of experience in finance. Most recently, Ms. Mircheva served as Chief Financial Officer of The Queen Casino & Entertainment. Prior to that, she was Partner & Research Analyst at Standard General. Ms. Mircheva was previously a Senior Research Analyst at Perella Weinberg Partners Asset Management. Before that, Ms. Mircheva worked as a Vice President in credit principal investing at Goldman Sachs. She joined the Goldman Sachs Investment Banking Division as an analyst in 2001. She is currently a member of the Board of Directors of White Energy and Intralot S.A.
“On behalf of the Board of Directors and the entire leadership team, I am thrilled to welcome Mira to Bally’s. She brings considerable experience to this role and her experience as CFO of The Queen Casino & Entertainment will be invaluable as we integrate Queen into Bally’s,” Robeson Reeves, CEO of Bally’s, said.
“Mira’s experience as a CFO and strong financial acumen and operational experience make her the right person to help Bally’s continue to grow and achieve our long-term financial goals,” Soo Kim, Chairman of Bally’s Board of Directors, said.
“I am thrilled to be joining Bally’s at such an exciting time for the Company and to leverage my experience with Queen to continue to strengthen our financial position by optimizing our cost structure, enhancing the efficiency of our operations and leveraging the collective experience of our Board and my newest colleagues across the globe,” Ms. Mircheva, Bally’s incoming EVP and CFO, said.
The post Bally’s Appoints New Executive VP and Chief Financial Officer appeared first on Gaming and Gambling Industry in the Americas.
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