Bally’s Financing Plans Come Under Pressure After Going-Concern Warning
Investors are watching the Bronx casino project, where construction has not started and the company still needs more capital.
Investors are watching the Bronx casino project, where construction has not started and the company still needs more capital.
At Saratoga, the Assembly gaming chair pointed to weak disposable income and a tougher political mood around gambling promotion.
More than 240 comments, most of them opposed, have prompted staff to rethink rules aimed at keeping minors off betting apps.
The bond structure was meant to buy Resorts World Catskills’ non-gaming assets and refinance debt, but later reporting says the deal has stalled amid secrecy complaints and a shift to a smaller credit facility.
FanDuel and DraftKings led the week as handle stayed below $400 million for a third straight week.
The Aug. 17 session will cover gambling-harm warning signs, treatment and support as New York’s mobile wagering market faces fresh scrutiny.
The state ethics commission said first-half 2025 lobbying outlays hit $213 million, while its full-year report put 2025 spending at a fourth straight record.
The emergency ruling keeps the state action in place for now, as a Utah decision deepened the legal split over prediction markets.
The company says federal law gives the CFTC exclusive authority, while state officials warn the products amount to unlicensed gambling.
The state says the prediction market is illegal gambling. The federal regulator says it alone can police event contracts on licensed exchanges.