Bally’s warns Chicago casino IPO investors of legal costs
Bally’s updated its Chicago casino IPO prospectus and warned investors that defending lawsuits over the proposed share offering could incur substantial costs. The filing says changes to the host community agreement could affect the casino’s operations and that Bally’s could lose its Chicago licence if the agreement is altered or terminated.
Investors are being told that litigation and changes to the host community agreement could affect costs, operations and Bally’s Chicago licence.