The casino operator says it may not have enough cash to meet lender requirements, but one economist says Rhode Island’s gambling revenue is largely insulated
The Providence-based gaming company Bally’s issued a warning in the financial documents it filed with financial regulators at the end of its second quarter on Aug. 14.
The company filed a “going concern warning” in its SEC filings, stating that it doesn’t have sufficient cash on hand to satisfy its lenders. The warning can sometimes signal an imminent bankruptcy filing.
That set off alarm bells in Rhode Island, where the company has its headquarters, and where Bally’s operates the two state-run casinos in Lincoln and Tiverton.
