Bally’s Corporation has filed a confidential draft registration statement with the SEC for its proposed initial public offering (IPO) of ownership interests in Bally’s Chicago, a planned resort and casino in Chicago. These ownership interests would be offered to qualified residents of the City of Chicago as per the Host Community Agreement between Bally’s Chicago and the city.
The company website states that 25% stake will be available to “philanthropists, business owners, sports stars, celebrities and everyday people from Black and Latino communities as well as other ethnicities/genders”. The number of shares being offered or their price range have not yet been determined; however it is expected that this IPO will take place after completion of SEC review process subject to market conditions.
