Ballys gym is a chain of American fitness club that operates 60 gyms in several U.S. states. In November 2011, Bally Bally sold 171 plots rival LA Fitness.
In April 2012, Ballys gym has sold 39 other facilities Blast Gym. At its peak in 2007, before the presentation of the first of two Chapter 11 bankruptcies, Bally operated nearly 440 facilities located in 29 U.S. states, Mexico, Canada, South Korea, China and the Caribbean under the Bally Total Fitness, Crunch Fitness, Gorilla Sports, Pinnacle Fitness, Bally Sports Clubs Sports Clubs Canadian retailers. The company headquarters is located in Chicago, Illinois.
in 1983, Slots Machine Bally Manufacturing purchased Health and Tennis Corporation of America and the cycle of life, an exercise bike manufacturer Ballys gym. In 1987, he was the owner and operator of the world fitness centers.
It has also been extended to the purchase of fitness centers in the U.S. Nautilus Fitness Centers and, once connected to Vic Tanny and Jack LaLanne Ballys gym . Different brands have been grouped under the Bally Total Fitness in 1995. In 1996, spun from his parents casino - owner. Ballys gym
In May 1998, it began trading on the New York Stock Exchange under the symbol BFT. The company achieved $ 300 million in debt at the time of its IPO.
Paul Toback, Ballys gym a former adviser to the White House during the Clinton administration, Bally Total Fitness who joined Bally as development officer of the company in 1997, he was appointed Chief Executive Officer (CEO) in December 2002, just after Lee Hillman predecessor resigned.
The November 18, 2011, Bally Total Fitness has announced the sale of its 171 clubs in 16 states and the District of Columbia to an affiliate of LA Ballys gym at a cost of $ 153 million Bally Total Fitness .
In February 2012, he sold the club Toledo Airport Road Red Fitness 24/7. In April 2012, Bally has sold 39 other facilities Blast Ballys gym. Fitness breath began to implement the new facilities under his own name in stages, the complete transition from Bally name. These two sheets of Bally with 43 sales pitches, 27 of them in the New York area, 8 in the area of San Francisco, and 8 in Colorado.
After the transaction LA Fitness, Bally had approximately 800,000 members, the sale allowed Bally clubs debt.All retired the company in the Cleveland area was sold to Red Fitness 24/7
to December 31, 2012. Some employees of Ballys gym received termination notices the same day Ballys gym.The number of clubs still in the chain Bally will continue to decline. For example, the location of Bally Total Fitness in Danville, California June 22, 2012 was closed and reopened as Danville Fit Ballys gym
