• 09/21/2024

Casino Repeats Default Warning as Debt Surges

Wall Street Journal

Casino reported sharply lower second-quarter underlying earnings of €369 million and said its net debt had risen to €6.1 billion, reiteraing its warning that it could be in default under its revolving credit line by the end of August.

https://www.wsj.com/articles/casinos-debt-grew-in-2q-as-rescue-talks-continue-45c70eb2