Bally’s Corporation has started a search for a new chief financial officer after Mira Mircheva resigned from her roles as executive vice president and CFO.
Mircheva informed the company on 30 August that she intended to leave for personal reasons. Her resignation became effective on 4 September, although she will remain with Bally’s through the end of the month to support the handover. Bally’s said the departure was not connected to any dispute with the company.
Bally’s president and board member George Papanier has taken over as interim CFO while the company looks for a permanent replacement. Papanier has spent more than two decades in senior positions at Bally’s and previously served as chief executive from 2011 to 2021.
Mircheva’s departure comes around 18 months after she was appointed Bally’s executive vice president and CFO in March 2025. Before joining the group, she was CFO of The Queen Casino & Entertainment and had previously worked at Standard General, Perella Weinberg Partners Asset Management and Goldman Sachs. She also serves on the boards of White Energy and Intralot.
The management change arrives during a period of significant expansion and financial pressure for Bally’s. The operator reported second-quarter 2026 consolidated revenue of $792.2 million, up 20.5% from $657.5 million a year earlier. Casinos & Resorts revenue increased 2% to $401 million, Bally’s Intralot B2C rose 22.3% to $243.5 million and North America Interactive revenue climbed 16.9% to $66.1 million.
However, Bally’s has also warned investors about its liquidity and leverage position. Its second-quarter regulatory filing said current projections indicated the company could fall short of liquidity maintenance requirements and its consolidated net leverage covenant during the following 12 months. Bally’s said it was evaluating several financing alternatives, while acknowledging that the circumstances created substantial uncertainty over its ability to continue as a going concern.
At the same time, the company is funding several major developments, including its permanent Chicago casino and the planned $4 billion Bally’s Bronx integrated resort. Bally’s said in August that it was raising additional capital for the Bronx project and had entered discussions with potential debt and equity partners.
The appointment of Papanier gives Bally’s an experienced internal executive to oversee its finance function while its board searches for Mircheva’s permanent successor.