Latham & Watkins Represents Bally’s Chicago, Inc. In IPO And Concurrent Private Placements

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

Latham & Watkins LLP has represented Bally’s Chicago, Inc. in connection with the pricing and completion of its initial public offering (IPO) and concurrent private placements of Class A common stock.

Bally’s Chicago priced the IPO of its Class A-1 common stock at US$250 per share, Class A-2 at US$2,500 per share, Class A-3 at US$5,000 per share, and Class A-4 at US$25,000 per share. In addition, the company entered into agreements with certain accredited investors to purchase additional shares of common stock at the same IPO prices. The IPO and private placements closed on August 14, 2025.

The offerings form a key part of Bally’s Chicago’s Community Investment Program, which allows local Chicago residents to directly invest in the Bally’s Chicago casino and resort project. Through this initiative, residents have become equity partners in the project, underscoring Bally’s commitment to the city and its community-driven growth model.

The Latham & Watkins team advising Bally’s Chicago was led by Capital Markets 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 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.

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