Individuals can invest between $250 and $25,000, with the goal of raising $250 million to support the construction of the permanent casino at the former Tribune Publishing site
Bally’s Chicago has rolled out an investment program to boost diversity and inclusion in its $1.7 billion casino and resort project, which is now being built in River West. The company is offering investors a chance to buy a 25% stake in the project, but this opportunity is open to women and minority investors.
Bally’s $1.7B Casino Seeks Minority and Female Investors to Raise $250M
This plan fits with a crucial part of Bally’s Host Community Agreement (HCA) with Chicago, which requires a lot of minority and female ownership in the casino project. People can invest from $250 to $25,000 aiming to raise $250 million to help build the permanent casino at the old Tribune Publishing site. They plan to finish the project in late 2026, which will have a big casino floor, a 500-room hotel, and many fun things to do.
Bally’s says their offer aims to give power to underrepresented groups. It lets them own a piece of a big city project. While investing has risks, Bally’s highlights the potential benefits. The company says it can help people feel part of Chicago’s financial future. It can also help pay for first responder pensions, thanks to casino taxes.
The gaming company from Rhode Island has teamed up with Chicago’s Loop Capital Markets for this. They are selling shares to the public and private buyers. Loop Capital, with prominent businessman Jim Reynolds in charge, is the only one selling these shares. Working together shows Bally’s wants to mix things up and get the community involved. The share offer backs up the city’s push for inclusive economic participation.
Bally’s Chicago Casino Project to Add 2,000 Feet to Riverwalk and Bring New Entertainment Hub
The new casino is on track to be the biggest in Illinois boasting over 3,400 slot machines, 173 table games, and special VIP gaming spots. It will also have extras like a 3,000-seat theater, a bar on the roof, a gym, and a public park outside. The plan is to add 2,000 feet to the city’s famous riverwalk linking it to the property.
The US Securities and Exchange Commission (SEC) still needs to approve the initial public offering. Investors who want to participate must meet specific requirements outlined in Bally’s investor presentation.
Workers have already started building Bally’s permanent casino. They are now clearing the site after tearing down the old Tribune printing plant. At the same time, Bally’s is running a temporary casino at the Medinah Temple.
This equity offering bridges the gap between big city projects and diverse community investments. It makes sure Chicago’s newest entertainment spot matches the city’s lively and welcoming nature.
