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Associated Press
a day ago
- Business
- Associated Press
BALLY'S ANNOUNCES CLOSING OF INITIAL PUBLIC OFFERING OF BALLY'S CHICAGO
PROVIDENCE, R.I., Aug. 15, 2025 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) ('Bally's') today announced the successful completion of the first Community Investment Program that allows non-accredited local residents to invest in the Bally's Chicago casino and resort project and share in ownership. As a result, nearly 1,800 unique shareholders including 1,007 Chicagoans and 1,573 Illinois based shareholders are now partners of the project, going a long way to fulfilling our commitment to the City of Chicago. Bally's delivers on an innovative way to do public-private partnerships. This is the first of what Bally's Chicago, Inc. (the 'Company') intends to be a few rounds of placements. Contact Loop Capital Markets if you have any questions about the future of our Community Investment Program. A registration statement relating to the offering has been filed with the U.S. Securities and Exchange Commission (the 'SEC') and became effective on August 12, 2025. A prospectus relating to and describing the terms of the offering has been filed with the SEC and is available on the SEC's website at The offering was made only by means of a prospectus. Copies of the final prospectus may be obtained from: Loop Capital Markets LLC at +1 (312) 913-4900 or by email at [email protected] or standard mail at Loop Capital Markets LLC, Attn: Compliance Department, 425 South Financial Place, Suite 2700, Chicago, IL 60605 USA. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Bally's Corporation Bally's Corporation (NYSE: BALY) is a global casino-entertainment company with a growing omni-channel presence. Bally's owns and operates 19 casinos across 11 states, along with a golf course in New York and a horse racetrack in Colorado, and holds OSB licenses in 13 jurisdictions in North America. The acquisition of Aspers Casino in Newcastle, UK, expands its international reach. It also owns Bally Bet, a first-in-class sports betting platform, Bally Casino, a growing iCasino platform, Bally's International Interactive division (formerly Gamesys Group), a leading global interactive gaming operator, and a significant economic stake in Intralot S.A. (ATSE: INLOT), a global lottery management and services business. With 11,500 employees, its casino operations include approximately 17,300 slot machines, 595 table games, and 4,165 hotel rooms. Bally's also has rights to developable land in Las Vegas at the site of the former Tropicana Las Vegas. About Bally's Chicago Casino Resort Bally's Chicago Casino Resort will redefine the city's entertainment scene with a world-class destination featuring a 500-room hotel tower, 3,500 slots and table games, and a diverse array of dining experiences—including a rooftop restaurant and bar. The resort will also offer a rooftop pool, spa, and fitness center, a 3,000-seat theater, and expansive public amenities such as a two-acre park and a 2,000-foot-long riverwalk, creating a dynamic new gathering place for residents and visitors alike. With deep community partnerships Bally's is committed to their ongoing role as a proactive and responsible corporate citizen dedicated to supporting Chicago's growth and vitality. Currently, Bally's offers the first and only temporary casino, Located at the historic Medinah Temple. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements may generally be identified by the use of words such as 'anticipate,' 'believe,' 'expect,' 'intend,' 'plan' and 'will' or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. As a result, these statements are not guarantees of future performance and actual events may differ materially from those expressed in or suggested by the forward-looking statements. Any forward-looking statement made by Bally's in this press release, its reports filed with the Securities and Exchange Commission and other public statements made from time-to-time speak only as of the date made. New risks and uncertainties come up from time to time, and it is impossible for Bally's to predict or identify all such events or how they may affect it. Bally's has no obligation, and does not intend, to update any forward-looking statements after the date hereof, except as required by federal securities laws. Factors that could cause these differences include those included in Bally's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other reports filed by Bally's with the SEC. These statements constitute Bally's cautionary statements under the Private Securities Litigation Reform Act of 1995. View original content: SOURCE Bally's Chicago
Yahoo
23-07-2025
- Business
- Yahoo
FHLB Dallas and Members Award More Than $1.2M to 42 Community Organizations
Partnership Grant Program Provides 5:1 Match of Members' Donations DALLAS, July 23, 2025--(BUSINESS WIRE)--More than $1.2 million in funding was awarded to 42 community-based organizations by the Federal Home Loan Bank of Dallas (FHLB Dallas) and 34 member institutions. FHLB Dallas members provided $208,500 in funding, and FHLB Dallas contributed $1 million in match-funding through its annual Partnership Grant Program (PGP). Under the program, FHLB Dallas member institutions contribute $500 to $5,000 to a nonprofit, which FHLB Dallas matches at a 5:1 ratio to provide a match of up to $25,000 to the organization per member. The awards help promote and strengthen relationships between community-based nonprofits and FHLB Dallas members. The grants are provided through member institutions and are not directly available to the public. View the 2025 award recipients. "With its 5:1 matching funds, our Partnership Grant Program offers a boost in funding for nonprofits around our District, especially those that operate with minimal resources," said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. "It's an effective way to help small to midsized organizations that often make an outsized impact on the communities they serve." The PGP may be used for: Organizational capacity building Assistance with applying for grants and other funding sources Research and studies Contractual services Social services For more information about the 2025 PGP grants and other FHLB Dallas community investment products and programs, please visit About the Federal Home Loan Bank of Dallas The Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of $109.9 billion as of March 31, 2025, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 800 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit View source version on Contacts Corporate CommunicationsFederal Home Loan Bank of (214) 441-8445 Sign in to access your portfolio
Yahoo
12-05-2025
- Business
- Yahoo
State officials spotlight New Mexico as Economic Development Week begins
May 11—Economic Development Week kicks off this week — an effort put on by the International Economic Development Council to shine a spotlight on work completed by professionals and local programs. Economic development is about more than just building infrastructure, state Economic Development Secretary Rob Black said. "It's about building communities, and we do that by investing in our businesses that help create those opportunities and investing in our families so that they can take advantage of them," Black said in a recent interview. "When a society feels like they have opportunity, when a family feels like it has opportunity, when you feel like your kids are going to have a better opportunity than you had as an adult, that creates hope for the future." Economic Development Week, May 12-16, has been around since 2016. Danielle Casey, president and CEO of the Albuquerque Regional Economic Alliance, or AREA, is the vice chair of the board of directors for the International Economic Development Council, or IEDC. "As a career economic development professional, I have found that our work in raising awareness in our local communities about the importance of investment in economic development is never done," she said in a statement to the Journal. She said serving on IEDC's board since 2017 and participating as a member of the organization for two decades has created "an amazing opportunity to raise the profile of New Mexico economic development among colleagues across the nation and the globe." "Even more importantly, I have benefitted from the ability to access and learn from exceptionally talented economic developers in a wide variety of communities and organizations," she added. Black, confirmed by the Legislature as the EDD secretary during the 60-day session, recently took trips to countries in Asia, including Singapore and Japan, to help get New Mexico on the map as a place to do business. He said he touted benefits the state offers, from free college to its prime research and development capabilities. "You start to tell that narrative, and people's eyes open up," Black said. One of the challenges in attracting companies, however, has been a lack of shovel-ready land for companies to build on, Black said. A couple of new laws signed this year will help address that. Overall, he said, New Mexico has "a lot to be excited about and to celebrate as we think about where we are." AREA will host a special event Thursday at Revel Entertainment to celebrate Economic Development Week, where it will air the new documentary "The Evolution and Future Path of Greater Albuquerque's Economy." You can find more information on the event at IEDC also has toolkits and relevant reports about Economic Development Week available on its website
Yahoo
14-04-2025
- Business
- Yahoo
L.A. County unveils $47.9 billion budget amid ‘unprecedented financial challenges'
The Los Angeles County Chief Executive Office has released their 2025-2026 budget, and officials say the spending plan reflects 'unprecedented financial challenges.' In a press release issued Monday, the L.A. County CEO Office announced that their recommended budget for the county for 2025-26 be $47.9 billion. That number is bigger than the budgets of Kansas, Montana and Vermont combined. The funding includes spending cuts to help offset 'extraordinary budgetary pressures,' officials said, including more than $1 billion in costs related to the January wildfires. 'The budget reflects rapidly mounting financial changes, including the potential loss of hundreds of millions of dollars or more in federal funding and the tentative $4 billion settlement of thousands of childhood sexual assault claims brought under AB 218,' county officials stated in their media release. 'At the same time, the county is facing slower property tax revenue growth due in part to declining home sales amid higher interest rates.' The Menendez brothers' aunt is in critical condition. The family says it's the DA's fault Thus, the county is also cutting budgets for many departments by 3% for a total targeted cut of $88.9 million. The cuts would also eliminate 310 vacancies and more than $50 million in savings from cutting supplies, delaying equipment purchases and reducing the scope of some programs. 'No layoffs are anticipated at this time, but the recommended budget, which is the first phase in the county's annual budget process, reflects a high degree of caution, restraint and uncertainty in the face of cascading budgetary pressures,' the county's media release said. L.A. County Chief Executive Officer Fesia Davenport reiterated the cautionary message of the budget due to 'simultaneous pressures.' 'We are in uncharted territory with these simultaneous pressures,' she said. 'Any of these alone would be daunting, but taken together, these challenges – the wildfires, the AB 218 settlement and the threat of deep cuts in federal funding – are cause for great concern.' Cannabis, cash stolen in smash-and-grab at North Hollywood dispensary The budget also reflects the passage of Measure A, a half-cent sales tax increase to address homelessness that was approved by voters last November. The nearly $1.1 billion in revenues from the measure will be shared by several county agencies, including $382.8 million to the L.A. County Affordable Housing Solutions Agency, $32.1 million to the L.A. County Development Authority, more than $500 million for homelessness services throughout the county and an additional $96.3 million to local cities through the Local Solutions Fund. In addition, the funding recommends: $287.7 million for Care First and Community Investment as part of the Board of Supervisors' 'Care First, Jails Last' initiative $11.9 million to increase funding for Measure G, the voter-approved measure to expand the Board of Supervisors, create an Ethics Commission and the Office of Ethics Compliance. The latter two offices are set to be established in 2026 Various other allocations to improve after-hours safety at county parks, fund the Youth@Work program, expand Alternative Crisis Response and help victims of EBT fraud The recommended $47.9 billion budget will go before the Board of Supervisors on Tuesday. If approved, it will add 14 net new positions for a total of 117,100 budgeted positions in the county workforce, officials said. More general information on the funding can be found here. A breakdown of the budget by department is accessible here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
