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Bally’s Warns of Going Concern Doubt as It Seeks Fresh Liquidity
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Bally’s Warns of Going Concern Doubt as It Seeks Fresh Liquidity Bally’s Corp. warned investors of “substantial doubt” that it will be able to continue as a going concern as it risks running afoul of its agreement with lenders. The Rhode Island-based casino operator said in a regulatory filing Friday that it’s actively engaged in discussions on potential funding alternatives. But based on current forecasts it doesn’t expect to be able to satisfy lender requirements on liquidity or its...
Bally’s Warns of Going Concern Doubt as It Seeks Fresh Liquidity
Bally’s Corp. warned investors of “substantial doubt” that it will be able to continue as a going concern as it risks running afoul of its agreement with lenders.
The Rhode Island-based casino operator said in a regulatory filing Friday that it’s actively engaged in discussions on potential funding alternatives. But based on current forecasts it doesn’t expect to be able to satisfy lender requirements on liquidity or its leverage ratio, according to the filing.