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Bally’s Plans to Offer Stake in Chicago Casino to Residents
Bally’s Corporation has confidentially submitted a draft registration statement on Form S-1 with the SEC, relating to its proposed initial public offering of ownership interests of Bally’s Chicago, Bally’s planned resort and casino in Chicago. The ownership interests would be offered to Chicago residents who satisfy the qualification requirements in the Host Community Agreement between Bally’s Chicago and the City of Chicago.
On its website, Bally’s said the 25% stake in the project would be offered to “philanthropists, business owners, sports stars, celebrities and everyday Chicagoans from the Black and Latino communities, as well as other ethnic and gender representation.”
The number of ownership interests to be offered, the terms and the price range for the proposed offering have not yet been determined. The IPO is expected to occur after the SEC completes its review process, subject to market and other conditions, Bally’s said.
- ◦Financing
