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Robeson Reeves announced as new Bally's CEO, with expected Q4 results quickly following

Bally’s has revealed that Robeson Reeves will become its new CEO, replacing Lee Fenton, while also highlighting its preliminary Q4 results.

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The move will see Fenton step down from the Board as well as the CEO role, a position he had held since October 2021 when Gamesys was acquired by Bally’s.

Reeves – the current President of Bally’s Interactive – will take over as CEO on 31 March 2023 and joined Gamesys in 2005, where he rose to the role of COO.

Soo Kim, Chairman of the Bally’s Board of Directors, said of the new CEO: "I am excited to have Robeson succeed Lee as CEO. Robeson has an extraordinary mind and the drive required to excel as he takes the helm.

“Robeson has been a member of the Board since the Gamesys acquisition, and his appointment represents the Board's commitment to the development of the very best talent at Bally's."

Meanwhile, Bally’s preliminary Q4 results showed that it expects to see revenue of $576m from the quarter, with an adjusted EBITDA of $164m.

However, it also shows an expected net loss of $476m.

Bally’s incoming CEO said of the report: "As our businesses continue to integrate, we are pleased to achieve record results in both our Casinos & Resorts and International Interactive segments.

“Our core businesses are generating fantastic cash flows. UK revenue grew 12% organically in the fourth quarter as regulations continue to play through, while in December, Asia saw positive year-over-year organic growth, proving that our initiatives to maintain a competitive advantage in that market are effective."

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