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Bally’s SVP of finance to become group CFO following Steve Capp’s resignation

By Conor Mulheir - 14 Mar, 2022

Bally’s Corporation has confirmed the resignation of chief financial officer Steve Capp, who will now be replaced in the role by Bobby Lavan.

Capp has served the business as CFO since January 2019 after joining the Bally’s board of directors in 2012. Prior to that, he was executive vice president and CFO of then-public casino and hospitality business, Pinnacle Entertainment.

Capp will stay on to support Bally’s until the end of April, when he will depart to pursue other interests and opportunities.

Lavan, who is Bally’s’ current SVP of finance and investor relations, will replace Capp in the CFO role.

He has held his current position since May 2021, and during his tenure supported the acquisition, financing and integration of Gamesys into the business. He also led the operator’s internal and external reporting processes.

Prior to joining Bally’s, Lavan was CFO of Nasdaq-listed smoking alternative and accessories business, Turning Point Brands. In that role, he executed further international acquisitions and systems integrations.

Lee Fenton, CEO of Bally’s, said: “Bobby’s track record of 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.”

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