Bally’s 10-Q Raises Going-Concern Doubts on Las Vegas Project
Citizens analysts questioned Bally’s ability to complete its planned projects after the company’s SEC 10-Q said conditions raise substantial doubt about continuing as a going concern. Bally said it is working to secure outside funding, but analysts argued the company may need to sell assets or bring in a development partner to finish projects, including the Las Vegas development, as leverage remains a concern.