Bally’s revises Chicago casino IPO terms as lawsuit is dismissed
Bally’s revised the terms of its Chicago casino public offering, removing race- and gender-based eligibility rules, and a lawsuit challenging the earlier criteria was dismissed without prejudice on 1 May. The original offering reserved 25% of casino ownership for women or racial minorities; the revised terms retain a preference for Chicago and Illinois residents.
The change broadens eligibility for investors in Bally’s planned Chicago casino offering while retaining a local-resident preference.