Private company
Bally's Chicago, Inc.
Bally's Chicago, Inc. is an American hotels and motels company based in Providence.1
Last updated Oct 21, 2026.
Overview
- IndustryHotels & Motels1
- HeadquartersProvidence, Rhode Island1
- Incorporated inDE2
- Business address100 Westminster Street, Providence, Ri 029032
- Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company2
- Legal formCorporation
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“Temporary Facility”) for up to three years while the permanent casino resort is constructed.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2024
Where the money goes
Where each dollar of revenue went, fiscal 2024
- Other costs100¢$128.7M
Out of $128.7M in revenue.5 The company lost money this year.
Financial statements
| Fiscal year | 2023 | 2024 |
|---|---|---|
| Cash | $71.3M5 | $14.5M5 |
| Receivables | $1.5M5 | |
| Inventory | $2.7M5 | |
| Current assets | $24.0M5 | |
| Goodwill | $05 | |
| Intangible assets | $186.2M5 | |
| Total assets | $599.9M5 | |
| Accounts payable | $11.4M5 | |
| Short-term debt | $675.5M5 | |
| Current liabilities | $704.2M5 | |
| Total liabilities | $910.5M5 | |
| Retained earnings | -$311.6M5 | |
| Shareholders’ equity | -$72.5M5 | -$310.6M5 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Corporate structure
Bally's Chicago, Inc. is part of a group headed by Bally's Corporation. 136 entities, 25 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
- Bally's Corporation Wilmington, Delaware, United States
- Bally's Chicago, Inc. Providence, Rhode Island
- Gamesys London, United Kingdom
- 120 Sports Holdings I, LLC Subsidiary · Delaware, United States
- 120 Sports LLC Subsidiary · Delaware, United States
- Altili Ganyan A.Ş. Subsidiary · Turkey
- Association of Volleyball Professionals, LLC Subsidiary · Delaware, United States
- AVA Entertainment Limited Partnership Subsidiary · California, United States
- Aztar Indiana Gaming Company, LLC Subsidiary · Indiana, United States
- Bally's (Newcastle) Limited Subsidiary · United Kingdom
- Bally's Chicago Holding Company, LLC Subsidiary · Delaware, United States
- Bally's Chicago Operating Company, LLC Subsidiary · Delaware, United States
- Bally's Data Analytics Limited Subsidiary · Malta
- Bally's Estonia OÜ Subsidiary · Estonia
- Bally's Finance Corporation Limited Subsidiary · Malta
- Bally's Foundation North America, Inc. Subsidiary · Delaware, United States
- Bally's Holding Limited Subsidiary · Jersey
- Bally's Holdings UK Limited Subsidiary · Jersey
- Bally's Interactive (Stadium) LLC Subsidiary · Delaware, United States
- Bally's Interactive Maryland, LLC Subsidiary · Delaware, United States
- Bally's Interactive, LLC Subsidiary · Delaware, United States
- Bally's International Limited Subsidiary · Malta
- Bally's Kansas City, LLC d/b/a Bally’s Kansas City Casino Subsidiary · Missouri, United States
- Bally's Management Group, LLC Subsidiary · Delaware, United States
- Bally's Media, LLC Subsidiary · Delaware, United States
- Bally's New York Holding Company, LLC Subsidiary · Delaware, United States
- and 110 more
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.
What it owns
What Bally's Chicago, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Operating-lease assets (leased space) | $4.4M5 Dec 31, 2025 | $210.0M5 Dec 31, 2024 | −97.9% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $32.4M5 Dec 31, 2025 | $05 Dec 31, 2024 | |
| Intangible assets, net (excluding goodwill) | $280.7M5 Dec 31, 2025 | $186.2M5 Dec 31, 2024 | +50.7% |
| Finite-lived intangibles, gross | $295.4M5 Dec 31, 2025 | ||
| Accumulated amortization | $14.7M5 Dec 31, 2025 | $29.0K5 Dec 31, 2024 | +50596.6% |
| Finite-lived intangibles, net | $280.7M5 Dec 31, 2025 |
Inventory
Properties, in its own words
As of December 31, 2025, the Company’s Temporary Casino reportable segment includes it’s temporary casino facility at the
historic Medinah Temple, located at 600 N. Wabash Avenue, Chicago, Illinois, which opened on September 9, 2023, and
The rest of Item 2
continues to operate in its 34,894 square feet of gaming space.
The Company’s Permanent Casino reportable segment includes a 30-acre site in Chicago, Illinois where the Company is
developing its permanent flagship property. Additionally, as of December 31, 2025, the Company had approximately 18,233
square feet of leased office space located at 640 N LaSalle, Suite 460, Chicago, Illinois 60654.
Item 2 of the 10-K filed Mar 31, 2026.4
Leadership
Named in SEC Form D filings
People the company listed in its private-offering notices.
- Executive OfficerAmeet Patel named Mar 14, 2025 to Jul 21, 202610
- Executive OfficerCheryl Ash named Jul 21, 202610
- Executive OfficerChristopher Charles Jewett named Mar 14, 2025 to Jul 21, 202610
- Executive OfficerH.C. Charles Diao named Mar 14, 2025 to Jul 21, 202610
- DirectorBlanton Y. Canady named Sep 4, 2025 to Jul 21, 202610
- DirectorEdward Y. Lou named Sep 4, 2025 to Jul 21, 202610
- DirectorEzequiel Y. Flores named Sep 4, 2025 to Jul 21, 202610
- DirectorKim M. Barker named Mar 14, 2025 to Jul 21, 202610
- DirectorRenee Y. Bradford named Sep 4, 2025 to Jul 21, 202610
- DirectorSharon Thomas Parrott named Sep 4, 2025 to Jul 21, 202610
- DirectorWanda Y. Wilson named Mar 14, 2025 to Jul 21, 202610
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Bally’s Chicago Operating Company, LLC Delaware3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Jul 16, 20268-K Entered a material agreement; Unregistered sale of shares; Change to shareholders' rights11
- Jun 4, 20268-K Executive or director change12
- Mar 26, 20268-K Executive or director change13
- Aug 15, 20258-K Entered a material agreement; Unregistered sale of shares; Change to shareholders' rights14
Filings
65 filings to the SEC since October 2021: 1 annual reports, 4 quarterly reports, 4 major events, 3 private raises, 53 other. The latest 20:
- Aug 14, 202610-Q EDGAR
- Jul 21, 2026D EDGAR
- Jul 16, 20268-K EDGAR
- Jun 4, 20268-K EDGAR
- May 18, 202610-Q EDGAR
- May 18, 2026NT 10-Q EDGAR
- Mar 31, 202610-K EDGAR
- Mar 26, 20268-K EDGAR
- Nov 14, 202510-Q EDGAR
- Sep 26, 202510-Q EDGAR
- Sep 4, 2025D EDGAR
- Aug 15, 20258-K EDGAR
- Aug 14, 2025424B4 EDGAR
- Aug 13, 2025FWP EDGAR
- Aug 12, 2025EFFECT EDGAR
- Aug 12, 2025FWP EDGAR
- Aug 11, 2025CORRESP EDGAR
- Aug 11, 2025CORRESP EDGAR
- Aug 5, 2025S-1/A EDGAR
- Aug 4, 2025FWP EDGAR
The 65 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- Private raises (Form D) $112.3M
Figures by year
| Year | Private raises (Form D) | Total |
|---|---|---|
| 2026 | $3.5M | $3.5M |
| 2025 | $108.7M | $108.7M |
Private raises
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
- Jul 10, 2026Raised $3.5 million in a private offering of securities10 Form D: 16 investors so far Form D
- Aug 14, 2025Raised $25.6 million in a private offering of securities15 Form D: 45 investors so far Form D
- Mar 7, 2025Raised $83.2 million in a private offering of securities16 Form D: $195.1 million offered in all Form D
SEC filer profile
How Bally's Chicago, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARBally's Chicago, Inc.1
- CIK0001935799
- Employer ID (EIN)88-28700984
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inDelaware4
- Fiscal year endsDecember 311
- Industry code (SIC)7011 Hotels & Motels1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address100 Westminster Street, Providence, RI 029031
- Phone(401) 475-84741
- Shares outstanding2,430 Common Class A1 shares; 489 Common Class A2 shares; 324 Common Class A3 shares; 3,773 Common Class A4 shares; 30,000 Common Class B shares as of Mar 16, 20264
- Public float$0 as of Dec 31, 20255
- AuditorDeloitte & Touche LLP, New York, New York PCAOB ID 34; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceMay 9, 20231
- Filings65 in all: FWP (16), S-1/A (10), CORRESP (9), UPLOAD (9), 10-Q (4), 8-K (4), D (3), DRS/A (2)1
All 15 form types
DRSLTR (2), 10-K (1), 424B4 (1), DRS (1), EFFECT (1), NT 10-Q (1), S-1 (1)
- Latest filingsAnnual report (10-K) Mar 31, 2026
Quarterly report (10-Q) Aug 14, 2026
Latest 8-K (8-K) Jul 16, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Class A-1 common stock, par value $0.001 per share | ||
| Class A-2 common stock, par value $0.001 per share | ||
| Class A-3 common stock, par value $0.001 per share | ||
| Class A-4 common stock, par value $0.001 per share | ||
| Class B common stock, par value $0.001 per share |
From the cover page of the 10-K filed Mar 31, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks Bally's Chicago, Inc. names in Item 1A of its 10-K filed Mar 31, 2026: 74 risks under these headings, as written.4
- Development and Construction Risks
- We are subject to various construction and development risks in connection with our permanent casino and resort in
- Any delay between the closing of our temporary casino and the opening of our permanent casino and resort could have a
- material adverse effect on our financial condition and results of operations.
- We are dependent on third-party contractors, operators and suppliers to develop and construct our permanent casino and
- We have invested and continue to invest significant capital and resources to develop our permanent casino and resort, which
- means that we are subject to the risk that our permanent casino and resort is not successfully developed or that the City of
- Chicago does not fulfill its obligations to us following our capital investment in our permanent casino and resort.
- We may experience supply chain or procurement disruptions, or increased supply chain costs, which may lead to
- construction and development delays in our permanent casino and resort.
- Failure to maintain sufficient working capital could limit our growth and harm our business, financial condition and results
- of operations.
The other 63 risks
- The casino, hotel and hospitality industry is capital intensive and we may not be able to finance development, expansion and
- renovation projects, which could put us at a competitive disadvantage.
- Our investments in the construction and building industry are subject to unique risks relating to regulatory changes and
- global economic conditions.
- Risks Related to our Leases
- Both our temporary casino site and permanent casino and resort site are leased and could experience risks associated with
- leased properties, including risks relating to lease termination, inability to obtain satisfactory lease extensions, consents and
- approvals, charges and our relationship with landlords, which could have a material adverse effect on our business,
- financial position or results of operations.
- General Economic and Political Conditions
- Our proposed lines of business are highly sensitive to reductions in discretionary consumer spending.
- Inflation could adversely impact our business, financial condition and results of operations.
- Business interruptions in Chicago could adversely affect us.
- Political uncertainty could adversely affect our business.
- We may face regulatory, legal and reputational risks relating to responsible gaming.
- Risks Related to Competition
- Chicago is still not known as a location for gaming tourism and, therefore, we face significant competition from both
- regional and national gaming centers.
- The gaming industry, including retail casinos, iGaming and sports wagering, is highly competitive and increased
- competition, including through legislative legalization or expansion of gaming by states in or near Illinois or through Native
- American gaming facilities, could adversely affect our financial results.
- Compliance, Regulatory and Legal Risks
- We are and will be subject to extensive state and local regulation and licensing, and gaming authorities have significant
- control over our operations, which could have an adverse effect on our business.
- We are subject to numerous federal, state and local laws that may expose us to liabilities or have a significant adverse
- impact on our operations. Changes to any such laws could have a material adverse effect on our operations and financial
- We may be subject to extensive environmental regulation, which creates uncertainty regarding future environmental
- expenditures and liabilities.
- We are currently involved in legal proceedings and may become involved in additional legal proceedings that, if adversely
- adjudicated or settled, could impact our business and financial condition.
- The regulatory framework which governs our business, and its interpretation, may be subject to change which we may fail to
- anticipate and/or respond to.
- developing, and which could subject us to claims or otherwise harm our business. Any change in existing regulations or
- their interpretation, or the regulatory or prosecutorial climate applicable to the products and services we offer in our
- temporary casino and intend to offer in our permanent casino and resort, or changes in gaming tax rates, tax rules and
- regulations or interpretation thereof related to such products and services, could adversely impact our ability to operate our
- business as currently conducted or as we seek to operate in the future, which could have a material adverse effect on our
- financial condition and results of operations.
- We may share part of the regulatory burdens of Bally’s.
- We may face significant liability and operational constraints under Illinois’ Biometric Information Privacy Act (“BIPA”)
- and similar biometric privacy laws.
- Business Operational Risks
- We rely on effective payment processing services from a limited number of providers.
- Our electronic and table games and slot machines hold percentages may fluctuate.
- Our profitability is dependent, in part, on return to players.
- The success, including win or hold rates, of future sports betting and gaming products depends on a variety of factors and is
- not completely controlled by us.
- We extend credit to a portion of our customers, and we may not be able to collect gaming receivables from our credit
- Declining popularity of games and changes in device preferences of players could have a negative effect on our business.
- We may invest in or acquire other businesses, and our business may suffer if we are unable to successfully integrate
- acquired businesses into the Company or otherwise manage the growth associated with multiple acquisitions.
- Our growth will depend, in part, on the success of our strategic relationships with third parties. Overreliance on certain third
- parties or our inability to extend existing relationships or agree to new relationships may cause unanticipated costs for us
- and impact our financial performance in the future.
- We conduct our business in an industry that is subject to high taxes and may be subject to higher taxes in the future.
- If we fail to detect fraud, theft or cheating, including by our users and employees, our reputation may suffer which could
- harm our brand and reputation and negatively impact our business, financial condition and results of operations and can
- subject us to investigations and litigation.
- We have limited operating history.
- We are largely dependent on the skill and experience of management and key personnel.
- We are subject to risks associated with labor relations, labor costs and labor disruptions.
- We may incur impairments to indefinite-lived intangible assets or long-lived assets.
- Our operations are subject to seasonal variations and quarterly fluctuations in operating results.
- Our business is particularly sensitive to energy prices and a rise in energy prices could harm our operating results.
- Our insurance and self-insurance programs, through Bally’s Corporation, may not be adequate to cover future claims.
- Our results of operations and financial condition could be adversely affected by the occurrence of natural disasters, such as
- blizzards, floods, tornadoes, fires, or other catastrophic events, including war, terrorism and public health crises.
- Failure to comply with the community investment program obligations specified in the Host Community Agreement could
Legal proceedings
On January 29, 2025, the American Alliance for Equal Rights and certain other individuals filed a complaint against the City of
Chicago, certain members of the Illinois Gaming Board (the “IGB”), the Operating Company and the Company, alleging that
the requirements that 25% of the Operating Company’s equity be owned by individuals that are women or minorities or
woman- or minority-owned and controlled entities (the “Criteria”) violate federal laws and seeking, among other remedies,
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12SEC EDGARExecutive or director change
- 13SEC EDGARExecutive or director change
- 14
- 15
- 16