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SETTING THE TABLE: Patrons at Bally’s Twin River Lincoln Casino Resort play a hand of blackjack. Bally’s Chairman Soohyung “Soo” Kim says he has no plans to abandon the company’s roots in Rhode Island when his hedge fund, Standard General LP, takes ownership. 
PBN PHOTO/MICHAEL SALERNO

HIGH-STAKES TAKEOVERS: Hedge fund, private equity firm ante up at R.I.’s...

When Sen. Frank A. Ciccone got wind in July that Bally’s Corp.’s board of directors had accepted a $4.5 billion buyout offer from the...
NEW PLAYERS: Bally’s Corp., which operates the Twin River Lincoln Casino Resort pictured above, has agreed to a buyout by its largest shareholder, a hedge fund. Its lottery partner, International Game Technology PLC, is selling its gaming and digital business to a private equity firm. 
PBN FILE PHOTO/­MICHAEL SALERNO

Trust, but verify gaming industry jobs, revenue

Rhode Island long ago made its bet on gaming revenue flowing indefinitely into state coffers. That leaves state leaders with little choice but to...

Bally’s sees Q3 losses grow to $247.9M

PROVIDENCE – Bally’s Corp. reported a loss of $247.9 million in the third quarter of 2024, after reporting a $61.8 million loss in the...

Bally’s taps new general manager of Rhode Island casino operations

PROVIDENCE – Michael Monty, Bally's Corp former director of corporate finance from 2018 to 2020, has been named vice president and general manager of...

Bally’s Corp. launches ‘Pink Your Drink’ campaign to support American Cancer...

PROVIDENCE – Bally’s Corp., which operates casinos in Lincoln and Tiverton, has launched a new annual campaign to support the American Cancer Society’s push...

IGT assessed penalties for violating terms of lottery contract

PROVIDENCE – IGT Gaming was assessed financial penalties by the R.I. Lottery for noncompliance with several benchmarks required under its 20-year contract to be...

CCRI cuts ribbon on Bally’s-funded casino training room

LINCOLN – The Community College of Rhode Island on Thursday held a ribbon-cutting ceremony at the Flanagan Campus to mark the opening of its...

Officials break ground on 195 District Park Pavilion

PROVIDENCE – City officials on Tuesday held a groundbreaking ceremony marking the start of construction on the 195 District Park Pavilion situated along the...

SEC filing of the week: Bally’s amends merger agreement with introduction...

PROVIDENCE – Bally's Corp. has amended its merger agreement with hedge fund Standard L.P. to include provisions for a new class of stock.  In an...
THE 2024 CLASS of Providence Business News' Leaders & Achievers Awards honorees pose for a photo Thursday at Aldrich Mansion in Warwick. / PBN PHOTO/MIKE SKORSKI

PBN’s 2024 Leaders & Achievers celebrated and honored

WARWICK – Twenty-five local business industry leaders were formally recognized Thursday evening for their leadership efforts across multiple sectors in Providence Business News’ 2024...
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