WebSoohyung Kim - BALY / Bally''s Corporation - Insider Trade Report EXTENDED This page shows the track record and history of Kim Soohyung insider trades in Bally''s Corporation. I just think that the way we're distributing it is all wrong.. You're Out: Kim will likely tear down the famed Tropicana in Las Vegas to build a new casino complexpossibly with a baseball stadium. Soohyung Kim's largest sale order was 1,416,556 units , worth over Standard General seeks out event-driven special situations that are undergoing significant changes or disruptions and has the ability to invest across the capital structure in both publically traded and private entities. Almost everything is regulated to some extent, says Kim. Hes aggressive, legally aggressive . Once in control, Kim began rolling up other regional casinos in Delaware, Mississippi and Colorado. over $2.31M on January 5, 2018. Soohyung Kim net worth, bio and Turning Point Brands, Inc insider trades. Standard General L.P.s average return in the last 3 years was -7.08%. You can compete in any sportyou just need to know the rules., I hate to even use the word sinsin industries, Kim says. (Gwangyang Bay Area Free Economic Zone), Korean Community Service Center of Greater Washington, Northwestern University School of Professional Studies. The most recent transaction was a purchase order of 200,000 units , worth Its a predecessor to casinos gamestheres no paddle, so its really a game of luck, says Kim, the founder of the New York hedge fund Standard General and the chairman of Ballys, which owns 16 casinos across 11 states and will soon build Chicagos first Las Vegas-style casino resort. In the last 6 years at Turning Point Brands, Inc, Soohyung Kim has sold an estimated value of $431.02M worth. Standard General L.P.s average return since the funds last 13F filing is -19.49%. The current estimated net worth of Mediaco Holding Inc's See Footnote 3, Soohyung Kim, is estimated to be about $1.42B . Many people say, Well, you guys are essentially a bunch of cast-off casinos, he says. See Soohyung Kim's compensation, career history, education, & memberships. over $10.74M on December 9, 2022. The most recent transaction was a sale order of 693,878 units , worth In some ways, this is the minnow swallowing the whale, he says. In the last 4 years, insiders at Mediaco Holding Inc have sold an estimated value of $3.13M None of the other applicants agreed to one. Standard General was founded in 2007 and manages capital for public and private pension funds, endowments, foundations, and high-net-worth individuals. Standard General Lp, ), Weed vs. Greed: How America Botched Legalizing Pot, Mark Cuban Considering Leaving Shark Tank As He Bets His Legacy On Low-Cost Drugs, Meet Billionaire Tennessee Titans Owner Amy Adams Strunk-And Nine Other Women Changing The Game In The NFL, Mattress Mack On His Latest Gamble: A Sports News And Betting Website, Donald Trumps properties in Atlantic City, $10.5 million in rent a year for the land. and Soohyung Kim, See Footnote 3 You can always talk to sales if youre interested in advanced plans. Standard General L.P.s portfolio gain since Jun 2013 was -66.64%. Learn more about us here. Standard General L.P.s Sharpe Ratio is -0.54. Standard General CEO Soo Kim said he doesnt understand the opposition to his companys $5.4 billion acquisition of Tegna. Standard General Lp and Soohyung Kim who sold, In the last 2 years, insiders at Standard Diversified Inc have sold an estimated value of, Mailing address is C/o Standard General L.P. 767 Fifth Avenue, 12th Floor New York NY 10153 NY. Enter your email to receive our newsletter. Soohyung Kim's largest purchase order was, The most recent transaction was a sale order of, Turning Point Brands, Inc's most recent insider trade came on May 15, 2023 by 1 MarketScreener is worth more than 1000 Influencers! Mediaco Holding Inc's most recent insider trade came on May 25, 2023 by The firm primarily manages capital for public and private pension plans, endowments, foundations, and high net worth individuals. Many dont believe that Kim isnt out for blood and profits, especially as Apollo, which owns Atlanta-based TV broadcaster Cox Media Group, is helping to finance the deal. In Trumps case, , bought the Trump Marina in Atlantic City and parlayed it into the $140 million (2021 annual revenue) Golden Nugget. GLPIs chief executive, Peter Carlino, said in the companys first-quarter earnings call that the Oakland As have a very, very strong interest in relocating to Vegas and building a baseball stadium on a portion of the Tropicanas land. Soohyung Kim owns about 10,589,849 units of Bally'S Corp common stock. Despite bringing less money to the deal, Standard will get majority voting control of the publicly traded firm. In Trumps case, entrepreneurs such as Tilman Fertitta, billionaire owner of the Houston Rockets, bought the Trump Marina in Atlantic City and parlayed it into the $140 million (2021 annual revenue) Golden Nugget. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. . Standard General L.P.s portfolio value is $408.77B. His lawsuit alleges that after taking the loan, Standard General managing partner Soo Kim met with Charney in Central Park, panicked, and told him he was getting "crucified" by his limited partner investors for associating with Charney Kim allegedly said one investor pulled $300 million from the fund in response. Kims outsize ambitions first became evident in 2011, when he targeted Twin River Casino, a privately held company in Lincoln, Rhode Island, that operated a slot parlor and a shuttered greyhound racetrack. Bally'S Corp's most recent insider trade came on December 9, 2022 by $6.25 . 352. Web4 Followers See the Top Performing Hedge-Funds > Soo Kim Standard General L.P. Source: https://www.sec.gov/Archives/edgar/data/1784254/000156459021017447/ck0001784254-def14a_20210513.htm. The current estimated net worth of Bally'S Corp's See Footnote 3, Soohyung Kim, is estimated to be about $1.42B . In the last 3 years at Standard Diversified Opportunities Inc, Soohyung Kim has sold an estimated value of $0 worth. Soohyung Kim's largest purchase order was, The most recent transaction was a sale order of, Bally'S Corp's most recent insider trade came on December 9, 2022 by Twelve floors above Fifth Avenue, inside a corner office in the old General Motors Building in Manhattan, Soo Kim is showing off his vintage Ballyhoo pinball machine. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Standard General L.P. is the largest shareholder of Bally's Corporation, formerly known as Twin River Worldwide Holdings. The most active traders at the company are Soohyung Kim's largest purchase order was 20,000 units , worth over Insider trading is most common in January, with the busiest year in 2023. Save my name, email, and website in this browser for the next time I comment. $29.87M on July 29, 2022. We embrace that because we can ultimately use the rules to our advantage. About Standard General Standard General was founded in 2007 and manages capital for public and private pension funds, endowments, foundations, and high-net-worth individuals. In the last 3 years, insiders at Standard Diversified Opportunities Inc have sold an estimated value of $12.76M Soohyung Kim's largest purchase order was 3,504,172 units , worth over Soohyung Kim usually trades in December, with the busiest year in 2021. 2022 by Standard General Lp and Soohyung Kim who sold 475,000 units worth $10.74M . Standard General Lp and Soohyung Kim who sold, In the last 2 years, insiders at Bally'S Corp have sold an estimated value of, https://www.sec.gov/Archives/edgar/data/1747079/000174707921000102/def14a-2021proxy.htm, Mailing address is C/o Standard General L.P. 767 Fifth Avenue, 12th Floor New York NY 10153 NY. Whether its cannabis, to a lesser degree nicotine, or gambling, these are things Americans want to do. If you have any questions, please contact Kloe Byun or (212) 759-7525, ext. . 2022 The Korea Society All rights reserved. is the Founding Partner of Standard General and is the Managing Partner and Chief Investment Officer of the firm. Emmis Corp who sold, In the last 4 years, insiders at Mediaco Holding Inc have sold an estimated value of, https://www.sec.gov/Archives/edgar/data/1784254/000156459021017447/ck0001784254-def14a_20210513.htm, Mailing address is C/o Standard General L.P. 767 Fifth Avenue, 12th Floor New York NY 10153 NY. George Papanier, President, Soohyung Kim owns about 81,346 units of Turning Point Brands, Inc common stock. Soo Kim's colleagues are Pierre Vatanapradit, Derrick Bligh, Amit Thakrar, Michael Marchitto and more. Copyright 2023 Surperformance. Mr. Kim is supported by a diverse, highly experienced 17-person team, including seven investment professionals In the last 3 years at Mediaco Holding Inc, Soohyung Kim has sold an estimated value of $0 worth. over $4M on December 30, 2022. The consent submitted will only be used for data processing originating from this website. The Firm Soo Kim's role at Standard General L.P. is Managing Partner and Chief Investment Officer. In 2020, the company bought the struggling Ballys hotel and casino in Atlantic City, which had lost nearly $100 million that year, from Caesars and New York-based real estate investment trust Vici Properties for a paltry $25 million. Standard General Lp and Soohyung Kim who sold 1,416,556 units worth In total, Soohyung Kim has made about 14 transactions over 2 years of their time at Standard Diversified Inc. over $19.88M on March 17, 2022. Soo Kim is the Founding Partner of Standard General and is the Managing Partner and Chief Investment Officer of the firm. If you spend enough time with Kim, who favors the classic hedge fund uniform of a blue oxford under a fleece vest, he starts to sound like a chill Gordon Gekko. The estimated Net Worth of General L.P.Kim Soohyung St is at least $149 Million dollars as of 15 December 2016. In the end, the longest, greediest thing you can do is to be intentional about your actions and be mindful. While Tegna will be his next gamble, back on the twelfth floor of the GM Building, Kim is admiring his Ballyhoo, which he bought on eBay for $600. Soohyung Kim usually trades in July, with the busiest year in 2018. Petitions questioning the deal have been filed with the Federal Communications Commission by cable groups, public-interest organizations, unions and even a competing station group. When was the most recent most recent 13F form submitted by Standard General L.P.? Mr. Kim has been investing in event Turning Point Brands also owns discount chewing tobacco brand Stokers and has made investments in a couple of cannabis brands. Source: https://www.sec.gov/Archives/edgar/data/1747079/000174707921000102/def14a-2021proxy.htm. We and our partners use cookies to Store and/or access information on a device. and bought an estimated value of $8.3M worth of shares. Ballys is financing about $600 million of the project with proceeds from the $1 billion sale of its Rhode Island casinos to GLPI, which Ballys is leasing back, and the rest will be raised through debt. and P Standard General Ltd Your email address will not be published. $3.63M on December 20, 2021. Soohyung Kim's largest sale order was 9,342,373 units , worth over WebHeadquartered in New York, NY, Standard General L.P. was founded in 2007 by Managing Partner and Chief Investment Officer Soohyung ("Soo") Kim with $100 million of seed 2018 by Standard General Lp and Soohyung Kim who bought 200,000 Soo Kim Standard General ), In May, Kim had a big win in Americas heartland. Soohyung Kim's largest purchase order was 12,899,480 units , worth over and Emmis Corp, Director The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Founded in 2007 by Soo Kim, a Korean-American, Standard General now manages roughly $2 billion. Cary Institute of Ecosystem Studies, Inc. Stuyvesant High School Alumni Association, Inc. Members and friends of The Korea Society and the Korea Finance Society are invited to the discussion, moderated by Korea Finance Society Co-President Sandor Hau. We run into smoky buildings, and situations are opaque, and were trying to figure it out, he says. Were trying to save property and lives, and sometimes a building falls on your head., Being the target of Kims deliberate, long-term strategy isnt always pleasant. Mr. Kim is currently a member of the Board of Directors of Media General Inc. (NYSE: MEG) and the Board of Managers of ALST Casino Holdco LLC, the owner and operator of the Aliante Casino in Las Vegas, Nevada. The most active traders at the company are and bought an estimated value of $221.66M worth of shares. You get a better outcome.. Standard Diversified Inc's most recent insider trade came on July 15, 2020 by Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. and Standard General Lp He is also a Director of Coalition for Queens, a Director of the Cary Institute of Ecosystem Studies. Stellantis will need one or two additional U.S. battery plants - Tavares, Republicans speak out against US debt-ceiling deal, in sign of rocky road ahead, JPMorgan's Dimon visits Taiwan to meet staff, clients -source, Bill Gates says top AI agent poised to replace search, shopping businesses, Elon Musk kicks off China visit, Tesla expansion in focus, Stellantis does not need Italy among its shareholders, Chairman Elkann says, Activist fund Trian reorders top ranks as CIO Garden retires -filing, Elon Musk greeted with flattery and feasts during China trip, Fresenius lifts 2023 outlook for hospital drugs unit Kabi, LVMH chief Bernard Arnault to visit China in June -sources, Managing Partner & Chief Investment Officer. Manage Settings Soohyung Kim usually trades in February, with the busiest year in 2020. $2.31M . Its the first one made by what would become the storied American company Ballys, which started in Chicago in the 1930s with punchboard games and pinball, eventually becoming a slot machine powerhouse before going through multiple bankruptcies. (Charney was ousted; the company filed for bankruptcy twice and is now owned by Canadian clothier Gildan Activewear, Inc.). from the Woodrow Wilson School of Public and International Affairs at Princeton University. People want their fortune revealed to them. In the last 2 years at Standard Diversified Inc, Soohyung Kim has sold an estimated value of $25.23M worth. Soohyung Kim's largest purchase order was 10,242,373 units , worth over The Firm pursues a single strategy of opportunistic investing in levered middle-market companies. What is Standard General L.P.s portfolio gain since Jun 2013? The most recent transaction was a purchase order of 40,000 units , worth (Kim will eventually change the name to Ballys, and Caesars will change the name of the existing Ballys in Vegas to its Horseshoe brand. the course of decades of mismanagement, but they are often salvageable. WebStandard Generals Soo Kim: Diversity for Thee, But Not for Me 3 years ago 1381 7 minutes read By Soo Kim The boards of directors of U.S. public companies overwhelmingly lack diversity. James M. Murray, Senior VP, Headquartered in New York, NY, Standard General L.P. was founded in 2007 by Managing Partner and Chief Investment Officer Soohyung ("Soo") Kim with $100 million of seed capital from Reservoir Capital. What was Standard General L.P.s average return in the last 12 months? Were trying to save property and lives, and sometimes a building falls on your head., Two of his most notable failures are Radio Shackwhich Standard General bought from bankruptcy in 2013 and it wound up back in reorganization two years laterand the hipster clothing brand American Apparel, founded by disgraced entrepreneur Dov Charney. I hate to even use the word sinsin industries; I don't think thats the right way to look at it, he says. In his efforts to acquire the media brand, which included two failed proxy battles and attacks on the current CEO, there is a clear glimpse of Kims aggressive tactics. $17.08M on July 15, 2020. Within the Russell 3000, only 20% of directors are women and just 10% represent racial or ethnic minorities. . Before joining Och-Ziff, he was an analyst for the Capital Management Group at Bankers Trust Company. General St owns over 794,289 units of MEG stock worth over $79,227,606 and over the last 7 years General sold MEG stock worth over $69,952,078. Insider trading is most common in January, with the busiest year in 2021. Monopoly Money: Kim bought Bally's casino in Atlantic Citylocated at Boardwalk and Park Placefor $25 million. In the last 2 years, insiders at Bally'S Corp have sold an estimated value of $98.25M Standard General has been a SEC-registered Investment Adviser since 2009. Click on any holding to see more details, Compare Standard General L.P.'s performance with other Hedge Funds and the S&P 500. Backtested performance is not an indicator of future actual results. These are things Americans want to do. Hedge Fund Manager Ranked #426 out of 483 Hedge Fund Managers Portfolio Gain In Kim, whose firm claims a 7% average annual return over the past 15 years, describes himself as an opportunistic investoralthough most people on Wall Street would tend to describe him as a vulture capitalist. You can make a lot of bad decisions, Kim says, but that asset remains., Standard General is also the largest shareholder in Turning Point Brands, which owns the American licensing rights to Zig-Zag, the iconic 120-year-old rolling paper company. Before joining Och-Ziff, he was an analyst for the Capital Management Group at Bankers Trust Company. Eight years later, Twin River went public by acquiring Delaware-based casino Dover Downs for $116 million in stock and cash. Today, Standard General filed suit against the Federal Communications Commission in the U.S. Court of Appeals for the District of Columbia Circuit, asking the court to order the FCC to stop its unprecedented treatment of Standard General's acquisition of broadcast company TEGNA, a deal which would create the largest minority-owned and Soohyung Kim owns about 12,180,662 units of Standard Diversified Inc common stock. The most active traders at the company are In total, Soohyung Kim has made about 9 transactions over 3 years of their time at Standard Diversified Opportunities Inc. var _Hasync=_Hasync||[];_Hasync.push(['Histats.start','1,4553220,4,511,95,18,00000000']);_Hasync.push(['Histats.fasi','1']);_Hasync.push(['Histats.track_hits','']);(function(){var hs=document.createElement('script');hs.type='text/javascript';hs.async=true;hs.src=('//s10.histats.com/js15_as.js');(document.getElementsByTagName('head')[0]||document.getElementsByTagName('body')[0]).appendChild(hs);})(); Soo Kim Standard General is an individual who has become a celebrity by his charismatic works. The Tropicana, which is at the south end of the Las Vegas Strip and has a reputation for perpetually underperforming, will play a big role in the future of Ballys. You can make a lot of bad decisions, Kim says, but that asset remains., Kim has since increased his bet: In April, Standard General set its sights on Las Vegas when it agreed to buy the operations of the Tropicana casino for $150 million, plus, . But Kims biggest bet yet is in another bingeable pastimetelevision. We jump into situations that other people dont like, have a bad balance sheet or a run of bad management, and we try to find value in the babies that were thrown out with the bathwater, says Kim. Soo Kim's direct mobile number is (212) XXX-XXXX. Soo Kim is Managing Standard General L.P. which has a net worth of $408.77B. . No representations and warranties are made as to the reasonableness of the assumptions. $20.78K . Sitting behind his desk in New York, he explains that he sees himself as a corporate fireman. We run into smoky buildings, and situations are opaque, and we're trying to figure it out, he says. (The investments are in CBD and non-plant-touching companies as marijuana is federally illegal.). To get here required a long and winding route. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Soohyung Kim owns about 5,675,164 Soohyung Kim's largest purchase order was, The most recent transaction was a purchase order of, Mediaco Holding Inc's most recent insider trade came on May 25, 2023 by Kim had previously worked at Och-Ziff Capital Management among other firms. WebStandard General L.P. is an SEC-registered investment adviser founded in 2007 by Managing Partner and Chief Investment Officer Soohyung (Soo) Kim. The current estimated net worth of Bally'S Corp's See Footnote 3, Soohyung Kim, is estimated to be about $1.42B . Headquartered in New York, NY, Standard General L.P. was founded in 2007 by Managing Partner and Chief Investment Officer Soohyung ("Soo") Kim with $100 million of seed capital from Reservoir Capital. Turning Point Brands, Inc's most recent insider trade came on May 15, 2023 by Standard General lost more than $100 million in the Radio Shack deal while American Apparel was a more limited loss. Mr. Kim has been investing in event-driven and leveraged company strategies since 1997 in senior investment positions at Cyrus Capital Partners, where he was a Founding Partner and Director of Research, and Och-Ziff Capital Management, where he was a Principal and helped launch its fixed income business. Standard General Lp, Soo Kim, Standard Generals Managing Partner and Chief Investment Officer, is supported by a diverse, highly experienced 17-person team, including seven WebForbes and business insiders have done a recent study and say that Soo Kim Standard General net worth is more than a couple of million dollars. They have the experienceevery situation theyre in is a battle. Another person who worked with Kim and Standard General says they look for leverage and shake you down., Kim doesnt dispute that his deals can get messy. Having learned investing at Bankers Trust and Och-Ziff, he soon realized he could drive profits for a longer period if he wasnt as ruthless. He says convincing Caesars to sell him the Ballys brand will likely become one of the best decisions hes ever made. The current estimated net worth of Mediaco Holding Inc's See Footnote 3, Soohyung Kim, is estimated to be about $1.42B . Insider trading is most common in June and December, with the busiest year in 2015. WebForbes and business insiders have done a recent study and say that Soo Kim Standard General net worth is more than a couple of million dollars. Soohyung Kim, See Footnote 3, James Marsden - Net Worth, Age, Height, Family, Biography 2023, Anthony Pompliano Net Worth Phone Number, House Address, Wiki, Ashley Massengill Net Worth | Bio, Family, Address, Career, Atlas Monroe Net Worth | Age, Height, Weight, Dating And More, Beyonce S Net Worth Phone Number, House Address, Wiki, Blue Ivy Net Worth Phone Number, House Address, Wiki. Running parallel to all of these moves, Standard General is currently pursuing its biggest prizethe $9.3 billion deal to buy Tegna. The most active traders at the company are In total, Soohyung Kim has made about 8 transactions over a year of their time at Bally'S Corp. In total, Soohyung Kim has made about 34 transactions over 3 years of their time at Mediaco Holding Inc. In an email to staff, Deb McDermott, who will take over as Tegna CEO if the FCC approves the deal, wrote that Standard General has no intention, and have never had the intention, of reducing news or news staff at Tegna stations., Kims vision for Tegna involves an injection of innovation into the TV broadcast world. Kim founded Standard General, which has $1.5 billion in assets under management, in 2007 and has focused on regulated industries such as casinos, He holds an A.B. Business Wire Standard General Issues Statement on Acquisition of TEGNA Inc. By Abhishek Kumar on December 17, 2022 Comments Closed / 221 views NEW YORK (BUSINESS WIRE)Standard General L.P. today issued the following statement regarding its pending acquisition of TEGNA Inc. (NYSE: TGNA): SOO KIM's STANDARD GENERAL L.P. is buying TEGNA for $24/share ($5.4 billion equity value, $8.6 billion enterprise value, including assumption of debt). Soohyung Kim net worth, bio and Standard Diversified Opportunities Inc insider trades. Soohyung Kim owns about 7,360,075 units of Standard Diversified Opportunities Inc common stock. An example of data being processed may be a unique identifier stored in a cookie. The most active traders at the company are The SEC defines Insiders as officers, directors, or significant investors (greater than 10% ownership) in a company. Continue with Recommended Cookies, Your email address will not be published. Standard General started buying up shares in the over-the-counter distressed equity market while it was still a private company and within five years Kims firm was the largest shareholder. What is Standard General L.P.s Sharpe Ratio? 350 Madison, 24th Floor | New York, NY 10017 | Tel: (212) 759-7525 | Fax: (212) 759-7530. The current estimated net worth of Turning Point Brands, Inc's Director, Soohyung Kim, is estimated to be about $1.42B . . and bought an estimated value of $933.12K worth of shares. June 25, 2013 < Back to the Hedge Fund Rising Stars Sponsored Why the PRT Market Is Thriving Soohyung Kim Standard General As the titans of the hedge Mr. Kim has been investing in event-driven and leveraged company strategies since 1997 in senior investment positions at Cyrus Capital Partners, where he was a Founding Partner and Director of Research, and Och-Ziff Capital Management, where he was a Principal and helped launch its fixed income business. Kim knows hes punching above his weight class when it comes to the Tegna deal. While Standard General was staging a takeover last year, Kim wrote to Tegna shareholders: The Tegna Board is marshaling misleading analyses and data in a desperate attempt to deflect responsibility and attention from Tegnas persistent underperformance, strategic missteps and governance failures. But in the end, Kim got the board to unanimously approve his bid and he already picked a new CEO. . I think 35 acres is a lot of space, he says with a laugh. Changes in these assumptions may have a material impact on the backtested returns presented. If you have any questions, please contact. Soo Kim's email address is s**@standardgenerallp.com. Kim expects the existing Tropicanawhich was built in 1957 and was James Bonds hotel of choice in Diamonds Are Foreverwill be demolished and rebuilt as part of a plan to redevelop the entire property. Chicagos mayor, Lori Lightfoot, selected Ballys to build a $1.7 billion casino and entertainment center at the site of the Tribune Publishing printing plantbeating out hometown billionaire Neil Bluhm and gaming juggernaut Hard Rock International. Standard General Lp and Soohyung Kim who bought, In the last 3 years, insiders at Standard Diversified Opportunities Inc have sold an estimated value of, Mailing address is C/o Standard General L.P. 767 Fifth Avenue, 12th Floor New York NY 10153 NY. As a result he has become one of the worlds richest men. Soohyung Kim usually trades in December, with the busiest year in 2017. Soohyung Kim usually trades in June, with the busiest year in 2017. Colin Mansfield, an analyst from Fitch Ratings, says Ballys strategy of buying its way to a national footprint is part of the classic gambling empire playbook. Soo KimFounding Partner of Standard General. $310K on March 13, 2019. Wallmine is a radically better financial terminal. After twice being rebuffed in his bid to compel Tegna Inc. to sell itself, Standard Generals Soo Kim can claim victory with a deal to buy the media company The most recent transaction was a sale order of 475,000 units , worth is a nonprofit, nonpartisan, 501(c)(3) organization with individual and corporate members that is dedicated solely to the promotion of greater awareness, understanding, and cooperation between the people of the United States and Korea. $50M on April 20, 2021. Actual performance may differ significantly from backtested performance. This proposed transaction would kill journalism jobs, undermine local news and raise prices for American families, the August 1 letter reads. Standard General Lp and Soohyung Kim who sold 475,000 units worth Get started for free, then add your whole team. Regulated businesses are almost easier to bring back because they have good demand characteristics, and the license is an asset., Most investors run away from government-regulated industries, but Kim sees great value in vices such as gambling but also in other industries that labor under a thicket of federal rules, such as cable television. Soohyung Kim's largest purchase order was, Standard Diversified Inc's most recent insider trade came on July 15, 2020 by And our response is, Well, we have a crazy good management team that have been able to take these casinos other people left for dead and have turned them into nice little profit engines., This is a BETA experience. And if they're not allowed to do it, they're still going to do it, its just going to be underground.. Standard General L.P. a Portfolio Activity as reported in the most recent 13F form published on Mar 31, 2023, Total assets under management as reported to the SEC, A Hedge Fund's portfolio is comprised of data made available by the SEC, A breakdown of Standard General L.P.'s portfolio by sector, See a list of Standard General L.P.'s holdings, as reported to the SEC on Mar 31, 2023. Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. The current estimated net worth of Standard Diversified Opportunities Inc's See Footnote 3, Soohyung Kim, is estimated to be about $1.42B . What is Standard General L.P.s average return since the funds last 13F filing? . and theres no way to beat them, says the executive. Standard General L.P.'s most recent 13F form was submitted on Mar 31, 2023. Backtested performance is developed with the benefit of hindsight and has inherent limitations. This information is provided for illustrative purposes only. Standard Invest Like a Pro with Unique Data & Simplifed Tools. Standard Diversified Opportunities Inc's most recent insider trade came on January 5, 2018 by Managing Partner and Chief Investment Officer, Social Worker at Korean Community Service Center, Find verified emails and direct dial mobile numbers of contacts on LinkedIn, and sync them with your CRM instantly. Standard General is in the process of buying Virginia-based Tegna, one of the countrys largest broadcast television companies, with 64 stations across 51 markets, including the True Crime Network and WUSA9, the ABC affiliate in Washington, D.C. Standard General will pay $275 million while New York-based private equity giant Apollo will contribute $925 million; $8.2 billion will be debt financing. Standard Diversified Inc's most recent insider trade came on July 15, 2020 by Standard General Lp and Soohyung Kim who sold 1,416,556 units worth $17.08M . Soohyung Kim's largest purchase order was, The most recent transaction was a purchase order of, Standard Diversified Opportunities Inc's most recent insider trade came on January 5, 2018 by His concentration, dedication, and hard work have assisted him to get this position. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Nowadays, he is achieving more popularity for recent activities. A baseball diamond takes approximately 9 acres., Kim sees himself like a corporate fireman. Chicago is a great statement to that: Chicago has more tourists than Vegas., Despite his collection of assets, Kim doesnt believe his empire is built on vice. Its not just [about] raw, unadulterated capitalismI kill, kill, kill, [and] eat what I kill, says Kim, whom Forbes estimates to be worth nearly $120 million. Mailing address is C/o Standard General L.P. 767 Fifth Avenue, 12th Floor New York You may opt-out by, A casino, for example, can be run into the ground, as. The TipRanks Smart Score performance is based on backtested results. Mr. Soohyung Kim is a Chairman at Bally's Corp., a Managing Partner at Standard General Management LLC, a Managing Partner & Chief Investment Officer at Standard General LP, at Standard General LP (Private Equity), a Chief Executive Officer at Acme Amalgamated Holdings LLC, at Standard General Holdings LP, a President & Director at Stuyvesant High School Alumni Association, Inc. and a Treasurer & Director at Cary Institute of Ecosystem Studies, Inc. Required fields are marked *. Soo Kim Standard General overall profits are growing every day, and he is also becoming more popular. Thomas Helms Jr, WebMr. The 47-year-old Kim has been on quite a roll lately. It's like, Am I lucky today, or am I unlucky?. All rights reserved. Kim says: We believe that if you want to be a national gaming player, you have to have a presence in Vegas., Ballys now owns the operations of the Tropicana, but the property and its 35-acre land parcel is owned by Gaming and Leisure Properties. Soo Kim's HQ phone number is +1(212) 257-4701. Soohyung Kim owns about 10,589,849 unitsof Bally'S Corp common stock. Our ambitions are to be global, says Kim. Standard General Lp, and bought an estimated value of $60.74M worth of shares. Soo Kim's business email address is s**@standardgenerallp.com. Standard General is a minority-controlled and operated organization. $4.13M on March 2, 2016. Jeffrey Rollins, Director, Tony Maglio | February 22, 2022 @ 6:49 AM Getty Images Local TV station giant Tegna is being acquired by a Standard General L.P. affiliate for $24 per share in cash. Head over to our Expert Center to see a list of the. Graham Purdy who bought 1,000 units worth TipRanks is a comprehensive research tool that helps investors make better, data-driven investment decisions. Insider trading is most common in July, with the busiest year in 2019 and 2018. Soohyung Kim owns about 5,675,164 units of Mediaco Holding Inc common stock. Caesars, previously Harrahs, grew through acquisition, says Mansfield, the same could be said about MGM Resorts and more recently, Eldorado. Ballys is a formidable competitor, Mansfield adds. In the last 7 years, insiders at Turning Point Brands, Inc have sold an estimated value of $496.54M The NewsGuild-CWA, the countrys largest labor union for journalists, even wrote a letter to President Joe Biden asking for him to block it. Soo Kim is the Founding Partner of Standard General and is the Managing Partner and Chief Investment Officer of the firm. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. 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. Ballys had the total package, says Deputy Mayor Samir Mayekar. Year: Net Worth: 2019: $24 Million : 2020: $24.5 Million: 2021: 25 Million: 2022: Born in Seoul, South Korea, and raised in Bayside, Queens, where he learned English by watching TV, Kim now controls a growing gambling empire that he built slowly and deliberately by targeting companies struggling under debt or already in bankruptcy. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Soo Kim works in the Investment Management industry. One person who had business dealings with him over the years was too afraid of retribution to give his name. Apollo had initially wanted to buy Tegna, but there were antitrust concerns as Apollo owns competitor Cox Media Group. Graham Purdy who bought, In the last 7 years, insiders at Turning Point Brands, Inc have sold an estimated value of, Mailing address is C/o Standard General L.P. 767 Fifth Avenue, 12th Floor New York NY 10153 NY. Soohyung Kim, See Footnote 3, [1] Twin River had been hit by political and criminal scandals and spiraled into bankruptcy court with $590 million in debt. Kim has since increased his bet: In April, Standard General set its sights on Las Vegas when it agreed to buy the operations of the Tropicana casino for $150 million, plus $10.5 million in rent a year for the land, from Pennsylvania-based Gaming and Leisure Properties, Inc. (GPLI). What is Standard General L.P.s portfolio value? Along with a newly built stadium for the NFLs Raiders and an existing arena for the NHLs Golden Knights, the prospect of baseball in Las Vegas is appealing to Kim and local leaders. In total, Soohyung Kim has made about 17 transactions over 6 years of their time at Turning Point Brands, Inc. Soohyung Kim's largest sale order was 909,090 units , worth over I don't think there's anything wrong with the content we're creating, nor the good work that our journalists are doing, says Kim. Standard General Lp and Soohyung Kim who bought 200,000 units worth $10.74M . No cash balance or cash flow is included in the calculation. (Kim will eventually change the name to Ballys, and Caesars will change the name of the existing Ballys in Vegas to its Horseshoe brand. Please note all regulatory considerations regarding the presentation of fees must be taken into account. Insider trading is most common in May, with the busiest year in 2018. $149.6M on June 5, 2017. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. Soo Kim, founding partner, managing partner, and chief investment officer of Standard General, shares lessons learned from his extensive investment experience. And if theyre not allowed to do it, its just going to be underground., A casino, for example, can be run into the ground, as Donald Trumps properties in Atlantic City were over the course of decades of mismanagement, but they are often salvageable. In the last 2 years, insiders at Standard Diversified Inc have sold an estimated value of $30.16M $17.08M . To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Standard General L.P.s average return in the last 12 months was -41.83%. NEW YORK, October 17, 2022 -- ( BUSINESS WIRE )--Standard General L.P. ("Standard General") today responded to the repeated ad hominem attacks made One of the reasons Mayor Lightfoot selected Ballys to build and manage Chicagos first casino is that Kim signed a peace agreement with the labor unionsa tactic he has also employed in Atlantic City. WebSoohyung Kim is CEO/Mng Partner/CIO at Standard General LP. What was Standard General L.P.s average return in the last 3 years? The current estimated net worth of Standard Diversified Inc's See Footnote 3, Soohyung Kim, is estimated to be about $1.42B . $164.01M on June 5, 2017. and the President of the Stuyvesant High School Alumni Association. WebNet income $5.5 million (2020) Total assets: $1.93 billion (2020) Total equity: hedge fund Standard General took an ownership stake in Twin River, and its principal partner, Soo Kim oversaw a major expansion of its operations, including a reverse merger with Dover Downs Gaming & Entertainment to take Twin River public, and various casin Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Soohyung Kim is a Chairman at Bally's Corp., a Managing Partner at Standard General Management LLC, a Managing Partner & Chief Investment Officer at Standard General The current estimated net worth of Turning Point Brands, Inc's Director, Soohyung Kim, is estimated to be about $1.42B . Emmis Corp who sold 5 units worth As for luring the As to the city, Kim remains coy. (Full disclosure: The author is a member of the NewsGuild of New York.) In the last year at Bally'S Corp, Soohyung Kim has sold an estimated value of $80.66M worth. 2018-2019 Youth Ambassador Community Presentations, Presentations by Sherman Scholar Award Recipients, Koreas Regional Relations and Global Korea, 32ND ANNUAL VAN FLEET MEMORIAL GOLF TOURNAMENT, 350 Madison, 24th Floor | New York, NY 10017. Soohyung Kim net worth, bio and Bally'S Corp insider trades. Kim founded Standard General, which has $1.5 billion in assets under management, in 2007 and has focused on regulated industries such as casinos, cannabis, tobacco and television. Soohyung Kim, Director, Soohyung Kim's largest purchase order was 1,082,780 units , worth over and Stephen Capp, Executive Vice President In other words, it was a perfect target for a shrewd vulture. and bought an estimated value of $4.56M worth of shares. The Tegna deal may be in motion, but federal regulators still have to approve it. If that number sounds like Monopoly moneyespecially since Ballys is located at the intersection of Boardwalk and Park Placeconsider that the property was struggling financially and regulators were forcing Caesars to sell some of its assets before being acquired by Reno-based gaming company Eldorado for $17.3 billion. Standard General was founded in 2007 and manages capital for public and private pension funds, endowments, foundations, and high-net-worth individuals.
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