#USA #CFO #Providence #Bally's Corporation #Mira Mircheva

Bally's Corporation Welcomes Mira Mircheva as New EVP and CFO

Bally's Corporation, a prominent player in the global casino and entertainment sector, has announced the appointment of Mira Mircheva as their new Executive Vice President and Chief Financial Officer. This strategic decision comes with immense expectations as she prepares to integrate her vast expertise into the company's operations. Following regulatory approvals, her role as CFO will officially begin.

A Wealth of Experience

Mira Mircheva is no stranger to the demands of the hospitality and gaming industries. She brings with her over 25 years of extensive experience in finance and investment. Most recently, she served as the Chief Financial Officer at The Queen Casino Entertainment, where her insight significantly contributed to the company’s financial decisions.

Before her tenure at The Queen, her career saw her taking prominent roles at major firms such as Standard General and Perella Weinberg Partners Asset Management, where she honed her skills as a Partner and Senior Research Analyst, respectively. Furthermore, her academic credentials include a Bachelor's degree in Economics from Colgate University, paving the way for her impressive career in financial management.

Bally's Future Vision

Robeson Reeves, the CEO of Bally's Corporation, expressed his excitement regarding Mira's appointment, stating, "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 background as CFO of The Queen Casino Entertainment will be invaluable as we integrate Queen into Bally's."

The chairperson of the board, Soo Kim, echoed these sentiments, highlighting Mira's strong finance acumen and operational experience as vital components that will help Bally's achieve its overarching growth and financial objectives.

A Focus on Financial Optimization

In her own words, Mira Mircheva articulated her commitment to Bally's by stating, "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."

This focus on cost structure optimization and operational efficiency resonates with the company's dedication to maintaining a competitive edge in the industry. As the gaming and hospitality sectors continue to evolve, innovative financial strategies will be necessary to keep pace with consumer demands and market shifts.

Bally's Corporation at a Glance

Bally's Corporation operates as a global casino-entertainment entity, boasting a diverse portfolio that includes 19 casinos scattered across 11 states in the United States, a golf course in New York, and a horse racing track situated in Colorado. The company's expansion efforts are also noteworthy, with OSB licenses spanning 13 jurisdictions throughout North America. Their international footprint recently grew with the acquisition of Aspers Casino in Newcastle, UK.

Notably, Bally's has also made significant strides in the online gambling space with platforms like Bally Bet, their premier sports betting service, and Bally Casino, a growing iCasino platform. With approximately 11,500 employees, Bally's manages around 17,700 slot machines, 630 table games, and provides around 3,950 hotel rooms.

In summary, Mira Mircheva's addition to Bally's executive team signals a decisive step toward enhancing their financial stewardship in an increasingly competitive landscape. Her rich background in finance will likely usher in a new era of innovation and efficiency, ensuring Bally's continued growth and success.

Mira's arrival is positioned to be pivotal as the company aims to capitalize on opportunities within the gaming sector, sustain long-term growth, and ultimately elevate its market position. Stakeholders and industry watchers alike will undoubtedly be keen to observe how her expertise shapes the future of Bally's Corporation.