Bally's Corporation is offering a 25% equity stake in its $1.7 billion Chicago casino resort project, specifically targeting women and minority investors. Individual investments range from $250 to $25,000, aiming to raise $250 million total.

Eligible investors must be female or belong to minority groups including Black, Indian, Asian, Hispanic, Arab, or other communities deemed socially disadvantaged by the City of Chicago. Investment entities must be controlled by women or minorities to qualify.

The minority sale requirement stems from the Host Community Agreement (HCA) between Bally's and Chicago, which mandates 25% minority/female ownership. Currently, Bally's is demolishing the former Freedom Center printing facility at Chicago Avenue and Halsted Street, purchased for $200 million in November 2022.

The company warns potential investors that this opportunity is highly speculative and risky. While quarterly distributions are planned, they are not guaranteed.

Key project details:

• Opening target: September 2026
• Expected city tax revenue: $200 million annually
• Temporary facility: Operating at Medinah Temple
• Workforce goals: 60% minorities, 45% women, 10% veterans/disabled persons

Bally's plans to partner with local workforce development organizations, including:

• Skills for Chicagoland's Future
• Women Employed
• Washington Heights Workforce Center
• Chicago Urban League

The tax revenue from this casino project will primarily fund Chicago's first responder pension program.

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