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Giordano: Partnership for R.I. to focus on making state business-friendly

PROVIDENCE – When Tom Giordano arrived in Rhode Island in 2017 to lead Partnership for Rhode Island, then a newly formed nonprofit CEO roundtable,...

Giordano leaving Partnership for R.I. as executive director

PROVIDENCE – Partnership for Rhode Island’s founding executive director is heading off to the private sector. Tom Giordano, who established and led the nonprofit CEO...

Sports bettors have one app in R.I. More may be on...

Tens of thousands of college hoops fans were legally allowed to bet on the action as games for the first two rounds of the NCAA’s...

SEC filing of the week: $4.6B buyout of Bally’s completed

PROVIDENCE – New York-based hedge fund Standard General L.P. has completed its buyout of Bally’s Corp. in a deal that valued the casino operator...

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...
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