In April 2018, the divestiture of stations by Sinclair Broadcasting during the Tribune Media buyout opened an opportunity for Standard Media, subsidiary of Standard General, to purchase several of the stations. In January 2022, Standard General offered to buy all outstanding shares in Bally's Corporation that it did not already own, valuing it at $2.07 billion. Kim was named 'American Executive of the Year' at the 2021 Global Gaming Awards. The company also made moves to expand its focus on sports betting, including acquisitions in the field, and a partnership with Sinclair Broadcast Group and Entertainment Studios to rebrand its regional sports networks under the Bally name as part of a promotion and content agreement. It also acquired rights to the Bally's brand from Caesars Entertainment and adopted it as its corporate name, with an intent to unify all of its properties under the brand. Kim oversaw a major expansion of its operations, including a reverse merger with Dover Downs Gaming & Entertainment to take Twin River public, and various casino acquisitions in 2020. Soo Kim, Standard General's managing partner had been an independent director of the company since 2016 and was elected chairman of the board of directors in late 2019. is the largest shareholder of Bally's Corporation, formerly known as Twin River Worldwide Holdings. Since 2007, it has invested in both publicly traded and private entities and is known for making several control investments. The firm has the ability to invest across the capital structure but is better known for specializing in distressed debt. Standard General pursues a single strategy of opportunistic investing primarily in levered U.S. is the largest shareholder of Bally's Corporation. Standard General was active in managing the bankruptcies of Aliante Casino and Hotel, American Apparel, Greektown, RadioShack and Young Broadcasting.Īs reported in the 2019 10K, Standard General L.P. is controlled by Standard General Management LLC which is controlled by Acme Amalgamated Holdings, LLC, which is ultimately controlled by Mr. was the recipient of the New York City Comptroller's Office Diverse Practitioner Award. Since 2013, Soo Kim has been the Managing Partner and Chief Investment Officer.

It was founded in 2007 by Soohyung 'Soo' Kim and Nicholas Singer with seed capital from Reservoir Capital Group.

is an American hedge fund headquartered in New York City.

Aliante hotel and casino entertainment