Wednesday, February 19, 2025

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Six banks that operate in R.I. get top marks from LGBTQ+...

PROVIDENCE – Six banks that have a presence in Rhode Island were among the 765 United States businesses that received the highest score on...

Bally’s stockholders approve merger with Standard General L.P.

PROVIDENCE – Bally’s Corp.’s stockholders on Wednesday agreed to accept a buyout offer from New York-based hedge fund Standard General L.P. in a deal...
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...

IGT Gaming being acquired by Apollo Global Management in $6.3B deal

PROVIDENCE – IGT Gaming, along with Everi Holdings Inc., announced on Friday they are being acquired by private equity firm Apollo Global Management Inc....
the prop 
Manniche Alves poses with his two children, Avery and Preston, along with sports equipment. “My family and kids and sports consume my world outside of work,” he said.

Manniche Alves

40 Under Forty Awards 2024 Manniche Alves | 36 Finance Director, International Game Technology PLC What is the biggest challenge currently facing your industry and how are...
PROVIDENCE BUSINESS NEWS has announced its 2024 40 Under Forty Awards honorees.

PBN announces 40 Under Forty honorees

PROVIDENCE – Forty young professionals have been chosen as the winners of Providence Business News’ 20th annual 40 Under Forty Awards program. The honorees were...
Tammi Barlow / PBN PHOTO/RUPERT WHITELEY

Five Questions With: Tammi Barlow

1. As Bally’s first vice president of global responsible gaming, what is your vision for this role and how it can cover existing gaps...
ON THE RISE: Paul Pinto, The RISE Group Inc.’s chief information officer, has helped the company
transition to data-driven decision-making, leveraging analytics to gain insights and drive business growth. 
PBN PHOTO/RUPERT WHITELEY

RISE Group’s Pinto makes dramatic impacts through technology

PBN C-Suite 2024 Awards ENTERPRISE PRIVATE COMPANY: Paul Pinto The RISE Group Inc. | Chief information officer PAUL PINTO ALWAYS THOUGHT he’d end up becoming an accountant....

Gaming officials question Bally’s commitment to sports betting in Mass.

PROVIDENCE – As competition heats up among states for a slice of the sports betting pie, the performance of one of Rhode Island’s central...
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