When Bally’s won the competitive bidding process nearly three years ago to build Chicago’s first casino, it pledged to give minority investors a piece of the action as part of its agreement with the city. This week, Bally’s Chicago launched an initial public offering for women and minorities to buy a 25% equity stake in the fledgling casino, looking to fulfill its obligation to the city and raise funds for the construction of its proposed $1.7 billion entertainment complex in River West, which is slated to open in September 2026. But as applications begin to flow in through an online investor portal, work at the 30-acre site, home to what’s left of the former Chicago Tribune printing plant, remains halted after a demolition mishap last month that spilled debris from a wall into the adjacent Chicago River. A video posted on Citizen social media showed the debris from the demolition of the former Chicago Tribune printing facility, the Freedom Center, falling into the Chicago River as the site is prepped for the construction of Bally’s Chicago casino, Dec.

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BING NEWS:
  • Bally’s Chicago launches $250 million IPO for minority investors, as casino site demolition remains on hold after river spill
    When Bally’s won the competitive bidding process nearly three years ago to build Chicago’s first casino, it pledged to give minority investors a piece of the action as part of its agreement with the ...
    01/3/2025 - 12:31 pm | View Link
  • Bally's launches investment program to boost diversity and inclusion at its permanent Chicago casino
    On Monday, Bally's announced an investment program to boost diversity and inclusion in its permanent River West casino in Chicago. The company is offering investors a chance to buy a 25% stake in the ...
    01/2/2025 - 1:43 am | View Link
  • Bally's to sell Chicago casino ownership stakes to women, minority investors
    Shares bought by women and minority investors are expected to help cover $250 million in financing Bally's permanent casino at Chicago Avenue and Halsted Street, slated to open in 2026.
    12/30/2024 - 1:02 pm | View Link
  • Bally's offers 25% stake in Chicago casino to women, minority investors
    The gaming company plans to raise $250 million for its gambling and entertainment complex on the Chicago River.
    12/30/2024 - 5:28 am | View Link
  • More

 

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