Bally's Corporation
Bally’s Announces Marc Crisafulli, EVP Of Government Relations, Legal And Regulatory, To Retire
Bally’s Corporation announced that Marc Crisafulli, EVP of Government Relations, Legal and Regulatory, will retire from the company, effective September 16, 2022.
Marc joined the company in May 2019 as EVP of Government Relations and then later served as EVP of Twin River Worldwide Holdings and President of Twin River and Tiverton Casinos, prior to the company’s rebrand to Bally’s Corporation in 2020. During his time with the company, and especially in his most recent role as Executive Vice President of Government Relations, Legal and Regulatory, Marc helped advance Bally’s strategy by overseeing critical legislation and spearheading important partnerships in Rhode Island.
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. I especially want to acknowledge Marc’s work with the State of Rhode Island, including his efforts in advancing important state legislation and for his role in moving our corporate headquarters to Providence. On behalf of our Board and management team, we want to thank Marc for his guidance and for his role in positioning us for our next phase of growth. We wish him the best in his retirement.”
Most notably, under Marc’s leadership, Bally’s worked with International Game Technology (IGT) and the State of Rhode Island to form a three-way agreement, later resulting in passage of legislation 2021-H 5223A and 2021-S 0040A, aimed at preserving and enhancing Rhode Island’s gaming revenue. Known as the Marc A. Crisafulli Economic Development Act, this legislation established a 20-year joint venture between Bally’s and IGT that will create a licensed video lottery terminal provider to supply all gaming machines to the Rhode Island Division of Lotteries for Bally’s Twin River Casino Hotel and Tiverton Casino Hotel and the State. The legislation also provides for a $250 million economic development investment plan.
Soo Kim, Chairman of Bally’s Corporation’s Board of Directors, said, “Marc led a robust expansion of Bally’s in recent years. During his time, he developed important relationships and respect among regulators, partners, and colleagues. We look forward to building on what Marc has helped establish, and we wish him all the best in this next chapter.”
Marc Crisafulli, outgoing EVP of Government Relations, Legal and Regulatory, said, “I could not be prouder of what our team has accomplished in just a few years, and I am especially grateful for the relationships formed and efforts executed in the State of Rhode Island. It has been a privilege to see the company grow and evolve, and I want to thank Lee and Soo, and the entire team for their support, leadership and friendship. I wish the company continued success.”
Powered by WPeMatico
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 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.
Bally’s Corporation has completed the previously announced transactions with Standard General and its affiliates including The Queen Casino & Entertainment, a regional casino operator majority-owned by funds managed by Standard General.
Pursuant to the terms of the merger agreement, Bally’s and Queen combined, with Queen shareholders receiving consideration of 30.5 million shares. Thereafter, the Company paid cash consideration of $18.25 per share to holders of 22.8 million of the Company’s outstanding shares. The cash merger consideration was financed by the issuance of $500 million in senior secured notes due in 2028 provided exclusively by funds managed by Apollo, along with Bally’s available funds on hand and its available funding sources.
Bally’s stockholders owning 17.9 million outstanding shares elected to retain their Bally’s stock by means of a rollover election and continue as stockholders of Bally’s. As a result, 48.4 million shares of common stock are now outstanding upon completion of the merger transactions. Warrants representing the right to purchase up to 11.6 million shares of Bally’s common stock also remain outstanding.
Shares of Bally’s common stock trading under the “BALY.T” ticker which remain outstanding as a result of the rollover election will continue trading on the New York Stock Exchange and revert back to the “BALY” ticker.
The post Bally’s Completes Transactions with Standard General appeared first on Gaming and Gambling Industry in the Americas.
-
AGCO7 days agoAGCO Fines Great Canadian Casino Resort Toronto $350,000 for Serious Regulatory Violations Linked to Impromptu After-Party on Gaming Floor
-
Africa7 days agoALA Hosted Seminar on Artificial Intelligence and Cybersecurity
-
Canada7 days ago
IGT and Atlantic Lottery Sign Eight-Year Video Lottery Central System Technology Agreement
-
Africa6 days ago
DRC Signs MoU for Public-Private Partnership with Burundi’s East African General Trade Company
-
First7 days ago
FIRST and Genius Sports Extend Landmark Data Partnership, Powering Continued Growth
-
Latest News6 days ago
Unlock Top-Tier Deals and Careers: Parimatch joins iGB L!VE 2025
-
Blokotech7 days ago
Blokotech unveils Cristian Tonanti as new Casino Partnership Manager
-
Brazil7 days ago
Esportes da Sorte holds forum on “Integrity in Sports” with Ceará and Náutico
