Bally’s has acknowledged its massive debt creates “substantial doubt about its ability to continue” over the next year, when the company is supposed to open its long-delayed Chicago casino complex in River West.
The statement of “going concern” was included in Friday’s quarterly filing with the Securities and Exchange Commission from Bally’s, which says it “is pursuing a number of financing alternatives intended to enhance its liquidity, including asset monetization, an equity sale, and debt financing.”
The disclosure comes as Bally’s butts heads with City Council members who authorized video gambling…