Bally’s Warns of Financial Pressure Amid Chicago Project Dispute
Bally’s Corporation has issued a going concern warning after identifying financial pressures that could affect its ability to meet obligations over the next year. The disclosure came in the company’s second-quarter filing with the U.S. Securities and Exchange Commission, shortly after Bally’s Chicago paused construction work on several non-gaming elements of its planned riverfront casino complex. The Rhode Island-based casino operator said it is exploring financing alternatives to improve liquidity, including asset sales, equity financing and debt arrangements. Bally’s stated […] The post Bally’s Warns of Financial Pressure Amid Chicago Project Dispute appeared first on World Casino News.
Bally’s Corporation has issued a going concern warning after identifying financial pressures that could affect its ability to meet obligations over the next year. The disclosure came in the company’s second-quarter filing with the U.S. Securities and Exchange Commission, shortly after Bally’s Chicago paused construction work on several non-gaming elements of its planned riverfront casino complex. The Rhode Island-based casino operator said it is exploring financing alternatives to improve liquidity, including asset sales, equity financing and debt arrangements. Bally’s stated […]
The post Bally’s Warns of Financial Pressure Amid Chicago Project Dispute appeared first on World Casino News.
