Chicago residents could be offered an ownership slice in the city’s first casino.
Its operator, Bally’s, said Tuesday it has proposed the casino stake in a draft registration statement submitted to the Securities and Exchange Commission. The Form S-1 statement is confidential for now, allowing the SEC and Bally’s to negotiate terms before details are made public.
Bally’s said its offer would be made to city residents who “satisfy the qualification requirements” of the Host Community Agreement it signed with city officials. The agreement specifies that at least 25% of the project’s equity must be held by minorities or by minority-owned and controlled businesses.
