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BALLY MANUFACTURING CORPORATION ANNOUNCES RELICENSING OF ITS NEW JERSEY CASINOS

 BALLY MANUFACTURING CORPORATION ANNOUNCES
 RELICENSING OF ITS NEW JERSEY CASINOS
 CHICAGO, Sept. 11 /PRNewswire/ -- Bally Manufacturing Corporation (NYSE: BLY) announced that its license and the license of the companies that operate its Bally's Park Place and Bally's Grand (Atlantic City) casino hotels were renewed for a two-year period through Sept. 30, 1994. The renewal, which followed a hearing on the financial stability of the operating casino companies and Bally Manufacturing, contains conditions similar to those previously in effect as well as requiring Bally Manufacturing and the operating company for Bally's Grand (Atlantic City) to present a plan to refinance the first mortgage notes secured by the Bally's Grand (Atlantic City) by June 1, 1994.
 Bally Manufacturing is on of the world's foremost operators of casino hotels and fitness centers. Bally is listed on the New York Stock Exchange (NYSE: BLY).
 -0- 9/11/92
 /CONTACT: Michael M. Kempner or Stan Steinreich both of MWW/Strategic Communications, Inc., public relations 201-342-9500, for Bally Manufacturing Corporation/
 (BLY) CO: Bally Manufacturing Corporation ST: Illinois, New Jersey IN: CNO SU:


LD -- NY072 -- 8685 09/11/92 17:36 EDT
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Publication:PR Newswire
Date:Sep 11, 1992
Words:185
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