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Bally’s 10-Q Raises Going-Concern Doubts on Las Vegas Project

Bally's Corporation logoBally's Corporation
Sig3.15Sen-5.10Env0.00Soc0.00Gov-2.20

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.

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