Bally's Corporation seeks solution for $800million casino project deficit

Bally's executives informed the regulators during their appearance before the Nevada Gaming Control Board that the company is working to close a $800 million funding gap for its permanent Chicago casino.

This indicates that the regional casino operator currently has only $300 million to devote to the project, out of an estimated $1.1 billion in costs. The chief financial officer of Bally's informed the board that he hoped the issue would be resolved in the upcoming months and that the gaming company is in talks with an unidentified potential financing partner.

 

[Qwert135]

This is much big amount of deficit that the company is facing and then it needs, to make sure that they are able to improve that services they need to do advertising then need to collect lot of revenue from different sources they need to make into having new stakeholders for their company and they need to make sure that they can satisfy their customers and new stake holders so that new input of money can start coming into their business and it can help them become profitable again