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Bally’s Closes IPO for Chicago Casino
Bally’s Corporation has completed its initial public offering of roughly $250 million in Chicago casino shares. The Rhode Island-based gaming company did not say how much was raised in the IPO, described as a Community Investment Program that allows non-accredited local residents to invest in the Bally’s Chicago casino and resort project and share in ownership.
“As a result, nearly 1,800 unique shareholders, including 1,007 Chicagoans and 1,573 Illinois-based shareholders, are now partners of the project, going a long way to fulfilling our commitment to the City of Chicago,” the company said in a statement.
The IPO, which offered shares in four stock classes, was managed by Loop Capital Markets. Bally’s first announced the offering last December, initially limiting it to women and minorities in accordance with its community host agreement with the city. Bally’s said on Thursday that the IPO would be “the first of a few” such offerings.
- ◦Financing

