Bally’s Corporation issued a going concern warning to investors Friday, stating that they’re pursuing financing alternatives to give them greater liquidity.
The gambling and entertainment company said that the cash concerns are related to future developments, and are not part of the construction slowdown on the $1.7 billion casino resort they’re building in Chicago, according to the Chicago Tribune.
On Aug. 8, Bally’s issued a reset notice to the Chicago Community Builders Collective, the general contracting partnership governing the casino site’s construction. Bally’s put virtually every part of the construction on hold except the casino.
