In a bold move to improve public health and safety, Rhode Island Treasurer Seth Magaziner is actively supporting a shareholder proposal for Bally’s Corporation to consider going smoke-free. As the treasurer oversees the state’s $10 billion pension fund, his endorsement of this initiative carries significant weight and could potentially lead to major changes within the gaming industry.
The proposal, which was submitted by an investor group known as the Interfaith Center on Corporate Responsibility, argues that a smoke-free policy at Bally’s properties would not only enhance the overall experience for customers but also protect the health of employees and visitors. With the detrimental effects of secondhand smoke well-documented, there is growing pressure for companies in the hospitality sector to adopt smoke-free policies in order to create a healthier environment for all patrons.
In a statement released by his office, Treasurer Magaziner emphasized the importance of promoting public health and well-being, stating that “as a long-term investor, we believe it is in the best interest of Bally’s Corporation to explore the feasibility of going smoke-free.” Magaziner’s support for this proposal aligns with his commitment to responsible investing practices and prioritizing the health and safety of Rhode Island residents.
Bally’s Corporation, which operates several gaming properties across the country including the recently rebranded Bally’s Casino in Rhode Island, has not yet announced its stance on the shareholder proposal. However, the company has previously taken steps to address public health concerns by implementing various safety measures in response to the COVID-19 pandemic.
If Bally’s Corporation does choose to move forward with a smoke-free policy, it could set a precedent for other gaming companies to follow suit. This could have a ripple effect throughout the industry and lead to more establishments adopting similar policies in the future. With the trend towards healthier lifestyle choices gaining traction, a smoke-free gaming environment could be a game-changer for the industry.
As Treasurer Magaziner continues to advocate for responsible investing practices and prioritize public health initiatives, his support for the shareholder proposal at Bally’s Corporation demonstrates his commitment to creating a safer and healthier environment for all Rhode Island residents. It remains to be seen how Bally’s will respond to the proposal, but the potential impact of a smoke-free policy within the gaming industry is certainly worth watching.
