Ramin Sobhany's questions to Bally's (BALY) leadership • Q2 2024
Question
Ramin Sobhany of Truist Securities inquired about the operational and strategic implications of the merger with Casino Queen, whether any assets are now considered non-core, and the development plans for the Nittany Mall casino in Pennsylvania.
Answer
CFO Marcus Glover stated it was too early to discuss merger synergies, deferring comments pending diligence and regulatory processes. CEO Robeson Reeves confirmed no assets are considered non-core. President George Papanier added that for the Pennsylvania project, the focus is on regulatory approvals, with construction now anticipated in H1 2025 as they proceed with the underwriting and financing process.