US Edition
Bally's Closes IPO for Chicago Casino Resort
Nearly 1,800 investors, including 1,573 from Illinois, funded Bally's $250 million IPO to support the $1.7 billion casino project aimed at boosting pensions, officials said.
- On Aug. 15, 2025, Bally's Corporation announced the completion of its first Community Investment Program allowing non-accredited local residents to invest in the Chicago casino project, with SEC registration effective earlier this week.
- Initial terms limited investors to women and people of color, prompting lawsuits and a stall before the SEC under President Donald Trump’s administration, until the offering expanded in April to all backgrounds with local preference.
- Nearly 1,800 investors joined, including 1,573 Illinois-based shareholders and 1,007 Chicagoans, with the IPO valued at $96.7 million.
- Proceeds from the IPO will help finance the $1.7 billion casino and entertainment complex at 777 W. Chicago Ave., under the 2019 gambling expansion law signed by Governor JB Pritzker.
- Although the permanent site is under construction, the temporary casino at the historic Medinah Temple has underperformed, generating $27.4 million in tax revenue over nearly two years, below Mayor Brandon Johnson's expectations.
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The Berkshire Eagle
BALLY'S ANNOUNCES CLOSING OF INITIAL PUBLIC OFFERING OF BALLY'S CHICAGO
PROVIDENCE, R.I., Aug. 15, 2025 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) ("Bally's") today announced the successful completion of the first Community Investment Program that allows non-accredited local residents to invest in the Bally's Chicago casino and resort project and share…
Bally’s completes initial public offering of Chicago casino shares
A thousand Chicagoans now own slices of Bally’s future casino in River West.The Rhode Island-based gambling corporation announced late Thursday that its initial public offering of roughly $250 million in Chicago casino shares is closed and registered with the U.S. Securities and Exchange Commission.Nearly 1,800 investors picked up shares ranging from $250 to $25,000, including 1,573 “Illinois based shareholders” with 1,007 from Chicago.The compa…
Bally’s completes initial public offering of Chicago casino shares – Usa news
A thousand Chicagoans now own slices of Bally’s future casino in River West. The Rhode Island-based gambling corporation announced late Thursday that its initial public offering of roughly $250 million in Chicago casino shares is closed and registered with the U.S. Securities and Exchange Commission. Nearly 1,800 investors picked up shares ranging from $250 to $25,000, including 1,573 “Illinois based shareholders” with 1,007 from Chicago. The co…
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