Bally’s Corporation is on the hunt for a new C-suite member, as Executive Vice President and Chief Financial Officer, Mira Mircheva, has announced her intention to resign.
The company stated that Mircheva is leaving her role due to “personal reasons”.
It comes amid liquidity concerns at the US-based gambling giant, whose share price tanked following the release of its Q2 results.
The company’s massive $1.7bn casino project in Chicago is on pause and there is “substantial doubt” about whether the firm can remain operational in its current state.
“While the company is actively engaged in discussions on several financing alternatives, the conditions and events raise substantial doubt about the company’s ability to continue as a going concern,” an SEC filing said.
Its long-term debt has now reached $4.466bn, and when Bally’s Intralot – which the group is the majority shareholder in – completes its deal for evoke, that figure will likely dramatically rise again.
Chief Executive Officer Robeson Reeves has continuously reiterated his confidence in the company, but this news means that yet another dilemma has arisen for the NYSE-listed group.
Gambling industry veteran George Papanier, who currently serves as President of the group, will take on the role of Interim CFO as the firm searches for Mircheva’s successor.
“On behalf of the entire Board and executive management team, I want to thank Mira for her dedication to Bally’s and we wish her great success going forward,” said Reeves.
“Having spent more than two decades in key operating and financial leadership roles at Bally’s, George has been instrumental in developing our business model, asset portfolio, and growth strategy.
“He steps into the interim role supported by an experienced finance organisation and I am confident that our reporting, controls and capital markets work will continue without disruption.”
Mircheva departs Bally’s after 16 months
Mircheva’s departure comes just over a year after she took on the role in May 2025.
She previously served as CFO of The Queen Casino & Entertainment, before Bally’s merged with Queen in early 2025 following Standard General LP’s takeover of Bally’s.
Standard General is another business which Mircheva has experience working for, having spent more than eight years there as a Partner.
Mircheva will not depart her role until the end of the month in order to “ensure a seamless leadership transition”.
