Ramin Sobhany's questions to Bally's Corp (BALY) leadership • Q2 2024
Question
Ramin Sobhany of Truist Securities inquired about the post-merger operational structure, potential synergies, and whether any assets are now considered non-core. He also asked for an update on the development plans for the Nittany Mall casino in Pennsylvania.
Answer
CFO Marcus Glover stated it was premature to discuss merger synergies, pending diligence and regulatory approvals. CEO Robeson Reeves confirmed that no assets are currently deemed non-core. Regarding the Pennsylvania project, President George Papanier explained that with legal challenges resolved, the company is now focused on securing approvals, with construction anticipated to start in the first half of 2025.