Capitol Fa - Your Illinois News Radar » Bally’s Claims Chicago Casino Funding Secure Despite Corporate ‘Going Concern’ warningCapitolFax.com
The company is seeking asset sales, equity or debt financing as 1,500 workers are idled and its lenders raise questions about compliance.
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Capitol Fa - Your Illinois News Radar » Bally’s claims Chicago casino funding secure despite corporate ‘going concern’ warningCapitolFax.com
* The Chicago Tribune… Days after pausing construction on nearly all non-gaming amenities at its $1.7 billion casino complex going up in River West, Bally’s Corp. issued a going concern warning related to liquidity issues. The warning, part of Bally’s second-quarter earnings filing Friday with the Securities and Exchange Commission, states that the Rhode Island-based company is [...]
Bally’s issues going concern warning over liquidity issues following construction slowdown at Chicago casino
Days after pausing construction on nearly all non-gaming amenities at its $1.7 billion casino complex going up in River West, Bally’s Corporation issued a going concern warning related to liquidity issues.
Bally’s warns of going-concern risk as it seeks fresh funding – Investing.com
Bally's warned of “substantial doubt” about its ability to continue as a going concern as the casino operator risks failing to meet requirements under its lending agreements. The company, which is controlled by investment firm Standard General, has also secured approvals to develop major casino resorts in Chicago and the New York City area.
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