Bally’s revealed Tuesday that it is considering selling shares of its Chicago casino to local residents to meet minority requirements.
Bally’s Chicago was approved in 2022 and is expected to open in 2026. A temporary casino in Medinah is expected to open in August and will serve as a placeholder until the full-fledged facility opens for business.
While the anticipation of the new casino, the Windy City’s first, continues to build, its parent company needs to meet diversity standards established by the Securities and Exchange Commission (SEC). Bally’s proposed the idea to the SEC in a letter that is confidential for the time being.