Bally’s weighs asset sales and equity to address financing needs
Bally’s told investors in a filing with the US Securities and Exchange Commission that it is considering capital-raising options, including asset sales and equity offerings. The company said there is substantial doubt about its ability to continue as a going concern without such alternatives; a sale of its Las Vegas Strip development rights was raised as a possibility by an analyst, not confirmed by Bally’s.
Bally’s financing choices could affect its planned $4 billion Bronx casino project and its Las Vegas development rights.