Bally’s Corp. warned investors of “substantial doubt” that it will be able to continue as a going concern as the company risks running afoul of 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 debt leverage ratio, according to the filing.
Bally’s said it’s pursuing a number of alternatives to bolster liquidity, including asset or equity sales, and debt financing.
