**Bally’s Completes IPO for Chicago Casino, Welcoming Nearly 1,800 New Shareholders**
Bally’s Corporation has successfully completed its initial public offering (IPO) for its Chicago casino and resort project, raising approximately $250 million. While the Rhode Island-based gaming company did not disclose the exact amount raised, the IPO was part of Bally’s Community Investment Program, which is designed to allow non-accredited local residents to directly invest in and share ownership of the development.
In a statement, Bally’s highlighted the community-focused nature of the offering: “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 IPO featured shares across four stock classes and was managed by Loop Capital Markets. Initially launched in December, the offering was first limited to women and minorities in alignment with Bally’s community host agreement with the City of Chicago. The company noted that this IPO is expected to be the first in a series of similar offerings focused on expanding community participation in the project.
The casino and resort development by Bally’s in Chicago is part of a broader strategy to foster local economic engagement while advancing one of the city’s most high-profile entertainment ventures.
