Bally’s Plans IPO for Ownership Interests in Chicago Casino
Bally’s Corporation has announced that it confidentially submitted a draft registration statement on Form S-1 to the Securities and Exchange Commission (SEC) regarding the proposed initial public offering of ownership interests in Bally’s Chicago, the company’s forthcoming resort and casino in Chicago, Illinois. The ownership interests will be offered exclusively to qualifying residents of the City of Chicago under the terms of the Host Community Agreement between Bally’s Chicago and the City of Chicago.
The number of ownership interests to be offered, the price range, and other terms of the proposed offering have yet to be determined. The initial public offering is expected to occur after the SEC completes its review process, subject to market conditions and other factors.
Bally’s notes that the confidential submission of a draft registration statement on Form S-1 does not guarantee any transaction or other action by the company. Bally’s does not plan to provide updates or comment on these matters unless and until it determines that further disclosure is necessary based on the circumstances at that time.