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BALLY'S ANNOUNCES CLOSING OF INITIAL PUBLIC OFFERING OF BALLY'S CHICAGO
Bally's Bally's (US:BALY) Prnewswireยท2025-08-15 18:57

Core Insights - Bally's Corporation has successfully completed its first Community Investment Program, allowing non-accredited local residents to invest in the Bally's Chicago casino and resort project, resulting in nearly 1,800 unique shareholders, including 1,007 from Chicago and 1,573 from Illinois [1] - The program is part of Bally's commitment to the City of Chicago and represents an innovative approach to public-private partnerships [1] - Bally's Chicago, Inc. plans to conduct additional rounds of placements in the future [1] Company Overview - Bally's Corporation is a global casino-entertainment company operating 19 casinos across 11 states, with additional properties including a golf course in New York and a horse racetrack in Colorado [4] - The company holds OSB licenses in 13 jurisdictions in North America and has expanded its international reach through the acquisition of Aspers Casino in Newcastle, UK [4] - Bally's operates a sports betting platform (Bally Bet), an iCasino platform (Bally Casino), and has a significant stake in Intralot S.A., a global lottery management business [4] Casino Resort Details - The Bally's Chicago Casino Resort will feature a 500-room hotel tower, 3,500 slots and table games, and various dining options, including a rooftop restaurant and bar [6] - Additional amenities will include a rooftop pool, spa, fitness center, a 3,000-seat theater, a two-acre park, and a 2,000-foot-long riverwalk, aimed at creating a vibrant gathering place for the community [6] - Bally's is currently operating the first and only temporary casino at the historic Medinah Temple in Chicago [6]