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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...

Bally’s mulls takeover bid as credit agencies downgrade ratings

PROVIDENCE – As the three major credit rating agencies have now downgraded Bally’s Corp.’s financial outlook into junk bond territory in recent weeks, the...
BALLY'S CORP. was selected Thursday by Chicago Mayor Lori E. Lightfoot as the preferred builder to construct and operate that city’s first casino. Above, a rendering of the proposed project at the The Chicago Tribune Publishing Center site. / COURTESY BALLY'S CORP.

R.I.-based Bally’s selected to build, operate Chicago casino

PROVIDENCE – Bally’s Corp. was selected Thursday by Chicago Mayor Lori E. Lightfoot as the preferred builder to construct and operate that city’s first...
THE LARGEST SHAREHOLDER of Bally's Corp. has offered to buy all outstanding shares of the publicly traded company that owns Bally's Twin River Lincoln Casino Resort and Bally's Tiverton Casino & Hotel. / PBN FILE PHOTO/PAMELA BHATIA

Hedge fund proposes $1.7B buyout of R.I.-based Bally’s

PROVIDENCE – A hedge fund and largest shareholder of Bally's Corp. – the Rhode Island-based company that operates the state's only two casinos –...
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