Bally Chief Rules Out Bankruptcy Filing: The...
Bally Chief Rules Out Bankruptcy Filing: The new interim chief executive of Chicago-based Bally Manufacturing Corp. said bankruptcy is not an option for the financially troubled gaming and recreation company. “That word isn’t in my vocabulary,†Arthur A. Goldberg said. Goldberg, the largest stockholder, took the reins Friday when Chairman Bob Mullane stepped down. The company, which owns hotel-casinos in Las Vegas, Reno and Atlantic City, has $1.86 billion in debts. Goldberg, known as a cost-cutter, said, “I have been on record that a thing’s for sale at the right price, but we’re not committing ourselves to anything.â€
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