In a significant development for the gaming industry, Bally’s Corporation recently bid farewell to its esteemed Executive VP of Government Relations, Marc Crisafulli, who retired from the company with immediate effect. Having played a pivotal role in the company’s growth and transformation, Crisafulli’s departure marks a new chapter for Bally’s Corporation. Additionally, the Nevada Gaming Control Board’s unanimous approval of Bally’s acquisition of the iconic Tropicana Las Vegas casino and hotel is poised to bolster the company’s presence in the thriving Las Vegas Strip.
I. Marc Crisafulli’s Contributions to Bally’s Corporation:
Marc Crisafulli’s journey with Bally’s Corporation began in May 2019 when he assumed the role of Executive VP of Government Relations. Over the years, his commitment and numerous contributions were instrumental in shaping the company’s trajectory. Notably, he later served as the Executive VP of Twin River Worldwide Holdings and the President of Twin River and Tiverton Casinos before the company’s rebranding as Bally’s Corporation in 2020. Among his significant achievements was his pivotal role in advancing crucial state legislation in Rhode Island and facilitating the relocation of the corporate headquarters to Providence. Crisafulli’s efforts were recognized and lauded by Bally’s CEO Lee Fenton, Chairman Soo Kim, and the entire management team.
II. Bally’s Corporation’s Acquisition of Tropicana Las Vegas:
In a bold move, Bally’s Corporation took another step towards expanding its footprint with the acquisition of the iconic Tropicana Las Vegas casino and hotel. The Nevada Gaming Control Board’s unanimous approval is a key milestone, and the deal is now awaiting final approval from the Nevada Gaming Commission at its meeting scheduled for September 22. The acquisition, which involved Gaming and Leisure Properties selling the venue to Bally’s Corporation for $308 million in April 2021, marks a significant addition to the company’s portfolio. The property, boasting nearly 1,500 rooms, a casino, theatre, and convention facilities, will undoubtedly enhance Bally’s presence in the vibrant Las Vegas Strip.
III. The Future for Bally’s Corporation:
With Marc Crisafulli’s departure, Bally’s Corporation embarks on a new phase of growth, building on the foundations laid during his tenure. The company’s leadership, represented by CEO Lee Fenton and Chairman Soo Kim, expressed gratitude for Crisafulli’s guidance and contributions, acknowledging his role in positioning Bally’s for future success. As the acquisition of Tropicana Las Vegas nears its final stages, Bally’s Corporation prepares to unlock new opportunities and solidify its status in the gaming industry.
The retirement of Marc Crisafulli as Executive VP of Government Relations marks a significant transition for Bally’s Corporation. His contributions have been instrumental in the company’s growth, and his dedication to advancing state legislation and corporate development has left a lasting impact. Meanwhile, Bally’s ambitious acquisition of Tropicana Las Vegas paves the way for exciting opportunities in the highly competitive Las Vegas market. As the company looks forward to a new era of growth and expansion, it remains poised to make further strides in the gaming industry.