Skeptics are wrong about Bally’s in Las Vegas, chairman says

Skeptics are wrong about Bally’s in Las Vegas, chairman says

Article brief provided by Las Vegas Review Journal
  • David Danzis, Las Vegas Review Journal
July 27, 2024 2:27 PM
  • David Danzis, Las Vegas Review Journal

Despite what he describes as a “soft” market, Soo Kim is unapologetically bullish about casino gaming. So much so, in fact, that the founder and managing partner of New York-based hedge fund Standard General LP pushed for — and finally got — a multibillion-dollar buyout of Bally’s Corp., the publicly traded casino and resort operator where Kim serves as chairman of the board.

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“We’ve been nothing but positive and optimistic and forward leaning about the prospects for Bally’s…We’ve been nothing but straight with the markets telling them what we think is gonna happen, and yet there was doubt about every step,” Kim said Friday during an exclusive interview with the Las Vegas Review-Journal.