Rhode Island-based Bally’s Corporation is offering a 25% equity stake in its $1.7 billion integrated resort development in Chicago. A rendering of Bally’s Chicago, a $1.34 billion integrated resort casino. Bally’s is offering stock in the development to minorities and women. (Image: Bally’s Corp.) Operating in Illinois as Bally’s Chicago, Inc., the gaming company on Monday announced the commencement of an initial public offering to sell a quarter of the company to investors. The IPO is restricted to individual investors who are female or a minority. Investing entities “must be controlled by women or minorities.” Qualifying minorities include investors who are Black, Indian, Asian, Hispanic, Arab, or another group “found by the City of Chicago to be socially disadvantaged from having suffered racial or ethnic prejudice or cultural bias within American society,” the Bally’s Chicago presentation explained. The offering includes investment stakes ranging from $250 to $25K to raise $250 million. Bally’s is amid demolition of the Freedom Center, the… Read More
Category: Midwest, Bally’s, Bally’s Chicago, Bally’s Corp., Chicago, Freedom Center, IPO, minority, women
Source: Casino.org
