
Bally's Chicago Casino Opens $250M Investment Opportunity to Women and Minorities
Bally's Corporation is launching an IPO for a 25% equity stake in its $1.7 billion Chicago casino resort, exclusively targeting female and minority investors.

Proposed Bally's casino exterior rendering
Investment stakes range from $250 to $25,000, aiming to raise $250 million. Eligible minority groups include Black, Indian, Asian, Hispanic, Arab individuals, or other groups deemed socially disadvantaged by the City of Chicago. Investment entities must be women or minority-controlled.
The offering fulfills a key requirement in the Host Community Agreement (HCA) between Bally's and Chicago, which mandates 25% minority ownership. The company is currently demolishing the Freedom Center at Chicago Avenue and Halsted Street, purchased for $200 million in November 2022.
The permanent casino resort, scheduled to open in September 2026, is expected to generate approximately $200 million annually in tax revenue for Chicago's first responder pension program. Meanwhile, Bally's operates a temporary facility at the Medinah Temple.
The project includes significant workforce diversity commitments:
- 60% minority employment
- 45% female employment
- 10% veterans and disabled persons
Bally's plans to partner with local workforce development organizations, including Skills for Chicagoland's Future, Women Employed, Washington Heights Workforce Center, and Chicago Urban League, to achieve these employment goals.
While the company intends to make quarterly distributions, it cautions that the investment carries high risk, and potential investors should be prepared for possible total loss of investment.
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