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Bally's Rhode Island Casino Debt Crisis | Providence News
Bally’s Rhode Island casinos may be in financial trouble, after the company warned regulators its debt could cripple operations — triggering a stock plunge and raising alarms, though experts say bankruptcy isn’t imminent. Despite the red flags, major investments are still locked in through 2043, state revenues remain protected, and even in worst-case scenarios, other companies would likely snap up the assets. Bally’s insists this is just a technical accounting issue and they’re flush with liquid assets to meet obligations while pushing forward with expansion elsewhere. Listen in comfort:Get a…
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