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Sep 1, 2005 10:29 AM

Bally's Lenders Approve Default Deadline Extension

CHICAGO -- Both Bally's senior and senior subordinated noteholders approved an extension on the company's Aug. 31 default deadline to Nov. 30. If the company hadn't received consent from the lenders, then more than $700 million would have become immediately due and payable on Aug. 31.


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