Casino and resort operator Bally’s issued a warning that it may struggle to keep up with its debt burden over the next year, and there is “substantial doubt” about its ability to remain a going concern.
The company made the disclosure in its second quarter earnings report filed with the Securities and Exchange Commission (SEC).
In the filing, Bally’s said the company is “pursuing a number of financing alternatives to enhance its liquidity, including asset monetization, an equity sale, and debt financings.”
“While the company is actively engaged in discussions on several financing alternatives, the conditions and events raise substantial doubt about the company’s ability to continue as a going concern,” Bally’s said in the filing.