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Bally’s going-concern warning raises doubts over Star Entertainment overhaul

The Star Entertainment Group logoThe Star Entertainment Group
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Bally’s Corporation, the largest shareholder in Star Entertainment, warned investors it may not meet its debts unless it sells assets or secures new financing. The warning, filed with the SEC as a going-concerns notice for the three months to June 30, cites continued casino development in New York and Illinois, raising questions about Bally’s ability to overhaul the Australian group.

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