Bally’s appoints new CFO ahead of Capp departure

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It has been announced today that global casino operator and entertainment firm, Bally’s Corporation, has appointed a new Chief Financial Officer, Bobby Lavan, ahead of the departure of Steve Capp, who currently holds the role.

The gaming and hospitality firm, with a large portfolio of casinos and resorts, has stated that Capp will continue to ‘support the business’ until the end of April 2022.

In the meantime, Bobby Lavan, who is Senior Vice President of Finance and Investor Relations at Bally’s and has held the position since May last year, will use his experience from a previous role of CFO held at Turning Point Brands, a manufacturer, marketer and distributor of branded consumer products including alternative smoking accessories and consumables with active ingredients.

When in the role of Chief Financial Officer at NYSE listed TPB, Lavan executed many international acquisitions along with complex systems integrations and reporting analytic streamlining.

According to reports, this move has been made following Capp’s departure announcement, who is leaving the firm to ‘pursue other interests and opportunities’, in addition to accomplishing long-term financial goals.

Additionally, Bally’s believe that the new CFO has a proven track record that will be ‘invaluable’ in assisting the company with growth and expansion along with creating further shareholder value.

Lee Fenton of Bally’s Corporation commented on the new appointment and outlined why Bobby Lavan is the right person for the job:

Bobby’s track record leading successful M&A and integration initiatives will be invaluable in helping us grow the business and accomplish our long-term financial goals.

I am excited to work with Bobby on the Gamesys integration, streamlining our financial reporting, and executing our broader financial strategy to create further shareholder value.

Bobby Lavan added:

I look forward to working with Lee and the team to continue our transformation into a global omni-channel gaming leader.

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