Bally's Appoints New Executive VP and Chief Financial Officer
Rhea-AI Summary
Bally's (NYSE: BALY) has announced key executive changes, with Mira Mircheva appointed as Executive Vice President and Chief Financial Officer, pending regulatory approvals. The current CFO, Marcus Glover, transitions to Executive Vice President, Global Operations Group.
Mircheva brings over 25 years of finance experience in hospitality and gaming, most recently serving as CFO of The Queen Casino & Entertainment. Her career includes positions as Partner & Research Analyst at Standard General, Senior Research Analyst at Perella Weinberg Partners Asset Management, and Vice President at Goldman Sachs. She currently serves on the Board of Directors of White Energy and Intralot S.A.
The appointment aims to strengthen Bally's financial position through cost structure optimization and enhanced operational efficiency, particularly as the company integrates Queen Casino into its operations.
Positive
- New CFO brings 25 years of relevant industry finance experience
- Strategic expertise in both gaming operations and investment banking
- Previous CFO retained within company, ensuring operational continuity
- New CFO's direct experience with Queen Casino beneficial for integration
Negative
- Appointment subject to pending regulatory approvals
- Integration process of Queen Casino may present operational challenges
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. Ms. Mircheva holds a B.A. in Economics from Colgate University.
Robeson Reeves, Bally's CEO, said, "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." Soo Kim, Chairman of Bally's Board of Directors, 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."
Ms. Mircheva, Bally's incoming EVP and CFO, 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."
About Bally's Corporation
Bally's Corporation (NYSE: BALY) is a global casino-entertainment company with a growing omni-channel presence. Bally's owns and operates 19 casinos across 11 states, along with a golf course in
With 11,500 employees, its casino operations include approximately 17,700 slot machines, 630 table games, and 3,950 hotel rooms. Bally's also has rights to developable land in
View original content:https://www.prnewswire.com/news-releases/ballys-appoints-new-executive-vp-and-chief-financial-officer-302398832.html
SOURCE Bally's
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