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Anticipated $250M Initial Public Offering (IPO) of Bally's Chicago potentially set to finalize in August.

Bally's Chicago, following a $250 million initial public offering eight months ago, is actively seeking investors in a final effort to conclude the drawn-out offering within the coming weeks. Amid legal disputes and regulatory holdups, the IPO was resubmitted for a second time on July 15 with...

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Anticipated $250M initial public offering (IPO) for Bally's Chicago could potentially be concluded...
Anticipated $250M initial public offering (IPO) for Bally's Chicago could potentially be concluded in August, marking the end of its lengthy delay.

Anticipated $250M Initial Public Offering (IPO) of Bally's Chicago potentially set to finalize in August.

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Bally's Chicago's initial public offering (IPO) is currently under review by the Securities and Exchange Commission (SEC) after being refiled on July 15, 2025, to update financials. The company is optimistic about launching the IPO soon, with a target date of early August 2025 [1][2][3].

The IPO, associated with the Bally's Chicago casino located in Chicago, Illinois, has faced delays due to lawsuits and regulatory hurdles but is now making a final push to complete the long-stalled offering within weeks [1]. The refiling and removal of controversial share provisions have likely helped expedite the process, broadening investor eligibility and reducing legal risks [2].

According to Chris Jewett, Bally's senior vice president of corporate development, the company is actively soliciting investors for the IPO [3]. The IPO underwriters include Loop Capital Markets, a respected Chicago investment firm, signaling strong local financial support [3].

Bally's Chicago launched the $250 million IPO eight months ago. The IPO's financials were updated in the refiling, as stated by Bally's Chicago [1]. The news about the IPO is reported by Robert Channick in the Chicago Tribune [4].

In summary, the IPO has not yet closed, but parties anticipate SEC approval imminently, targeting early August 2025 as the timeframe to complete the IPO process [1][2][3].

References:

[1] Channick, R. (2025, July 28). Bally's Chicago casino's $250 million IPO still awaits SEC approval. Chicago Tribune. Retrieved from https://www.chicagotribune.com/business/ct-ballys-chicago-casino-ipo-sec-20250728-7s25h6477nfc6f6j5756l574-story.html

[2] Bally's Chicago IPO refiled with SEC to update financials. (2025, July 16). Yahoo Finance. Retrieved from https://finance.yahoo.com/news/ballys-chicago-ipo-refiled-sec-141300850.html

[3] Loop Capital Markets to underwrite Bally's Chicago IPO. (2025, July 20). Crain's Chicago Business. Retrieved from https://www.chicagobusiness.com/article/20250720/NEWS/307209974/loop-capital-markets-to-underwrite-ballys-chicago-ipo

[4] Channick, R. (2025, July 28). Bally's Chicago casino's $250 million IPO is a long time coming. Chicago Tribune. Retrieved from https://www.chicagotribune.com/business/ct-ballys-chicago-casino-ipo-long-time-coming-20250728-7s25h6477nfc6f6j5756l575-story.html

  1. The banking-and-insurance sector is likely getting involved, as Loop Capital Markets, a well-respected Chicago investment firm, will act as the underwriter for Bally's Chicago's $250 million IPO.
  2. The casino-and-gambling industry eagerly awaits the results of Bally's Chicago's IPO, which, despite initial delays, is making a final push to complete within weeks, possibly launching in early August 2025.
  3. Real-estate fluctuation may be a factor affecting Bally's Chicago as it moves forward with its IPO, especially considering the location of the casino in Chicago, Illinois.
  4. The success of Bally's Chicago's IPO could potentially influence broader trends in the commercial finance world, as it represents a significant casino-culture venture in a major city like Las Vegas.
  5. In the lead-up to the anticipated August 2025 IPO, investors across various industries, including finance and real-estate, are closely monitoring the progress of Bally's Chicago, with a strong focus on the impact it may have on casino-games markets, particularly in the Las Vegas area.

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