The Future of Bally’s Hangs in the Balance

In Friday’s Q2 filing with the Securities and Exchange Commission, Bally’s Corp. admitted it was facing severe financial difficulties that could affect its future operations. The gambling giant warned investors that it might not be able to continue as a going concern due to its significant debt. To remedy this issue, Bally’s aims to improve…

Realtors line up to buy bankrupt developers as land prices rise

Mumbai: Several small and mid-sized real-estate developers are increasingly looking to the bankruptcy courts to acquire distressed property companies, seeking an alternative to buying increasingly expensive land in major cities. Developers that once competed for land parcels or redevelopment mandates are now bidding for companies, which come with projects, development rights, and, in some cases,…

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Lula Criticizes Bets and Warns Brazilians About Gambling-Related Debt | Gaming

Lula Distinguishes Credit from Gambling-Related Debt During the presentation of data from the Annual Social Information Report (RAIS), Lula said that indebtedness should not necessarily be considered negative when it is related to the acquisition of goods, increased assets, or improvements in families’ quality of life. The president, however, made a distinction regarding debts incurred…