Latham & Watkins Represents Bally’s Chicago, Inc. in IPO and Concurrent Private Placements

Bally’s Chicago, Inc. has priced the initial public offering of shares of its Class A-1 common stock at a price to the public of US$250 per share, Class A-2 common stock at a price to the public of US$2,500 per share, Class A-3 common stock at a price to the public of US$5,000 per share, and Class A-4 common stock at a price to the public of US$25,000 per share. Bally’s Chicago has also entered into agreements with certain accredited investors, pursuant to which the investors have agreed to purchase additional shares of common stock at a price per share equal to the initial public offering prices. The initial public offering and concurrent private placements closed on August 14, 2025.

The initial public offering and concurrent private placements are part of Bally’s Chicago’s Community Investment Program that allows local Chicago residents to invest in the Bally’s Chicago casino and resort project and share in ownership. As a result, residents of Chicago are now partners of the project, reflecting Bally’s Chicago’s commitment to the city of Chicago.

Latham & Watkins LLP represented Bally’s Chicago in the offerings with a Capital Markets team led by partners Sony Ben-Moshe, Senet Bischoff, and John Slater, with associates Angel Marcial, Amy Dau, and Robin Spiess. Advice was also provided on tax matters by partners Joseph Kronsnoble and Bora Bozkurt, with associate Michael Yu; on benefits and compensation matters by partner Bradd Williamson, with associate Alisa Hand; on finance matters by partners Kenneth Askin and Bryan Monson; and on stock exchange matters by partner Gail Neely.