Bally’s shares fall 26% as operator raises "substantial doubt" over liquidity
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Bally's Corporation shares fell more than 25% in trading Monday after the operator disclosed in a second-quarter 10-Q filing with the Securities and Exchange Commission that it faces "substantial doubt" about its ability to continue as a going concern. The filing was submitted August 14. Shares clo…
Bally's Corporation shares fell more than 25% in trading Monday after the operator disclosed in a second-quarter 10-Q filing with the Securities and Exchange Commission that it faces "substantial doubt" about its ability to continue as a going concern. The filing was submitted August 14. Shares closed Monday at $10.31, down 26% on the day and down 38% year-to-date. According to...