Bally’s Corporation

New York casino process comes to a close with all three finalists awarded licences

New York casino process comes to a close with all three finalists awarded licences

The New York casino finalists got early Christmas presents from state regulators who approved the two in Queens and one in the Bronx. After multiple years of lobbying, millions spent and countless twists and turns, the downstate New York casino race is now complete. The New York State Gaming Commission unanimously approved commercial licences for Bally’s Bronx, […]

Bally’s shares tumble as company raises ‘substantial doubt’ about debt covenants

Bally’s shares tumble as company raises ‘substantial doubt’ about debt covenants

Bally’s posted solid Q2 results, but investors were more concerned about the company’s debt disclosures. Shares in Bally’s Corp plummeted more than 25% in trading Monday, as investors appeared to respond negatively to debt disclosures included in the operator’s second-quarter 10-Q filing submitted to the Securities and Exchange Commission on 14 August. Bally’s said in the filing […]