👀 Citizens analysts have cast doubt on Bally’s Corporation's ability to complete its ongoing projects.
Bally’s recently published a 10-Q filing with the SEC, in which it expressed doubts over its ability to continue as a going concern. Jordan Bender and Isabelle Slavin of Citizens have in part ratified those doubts, claiming that the operator’s current pipeline is ambitious. That pipeline includes the opening of a downstate casino in New York in 2030, a Chicago project set for early 2027, and a Las Vegas development.
The analysts said: “The situation does not appear dire, and the company reiterated that it is working to secure outside funding for New York, but we do not believe the company has the ability to finish all of its projects without selling or bringing in a development partner at its current leverage levels.”
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August 25, 2026 195
