Bally's Chicago Files S-1/A Amendment

TL;DR

Bally's Chicago filed an S-1/A amendment, still working through SEC registration.

AI Summary

Bally's Chicago, Inc. filed an S-1/A amendment on December 27, 2024, for its registration statement. The filing pertains to the company's operations in the Hotels & Motels sector, with its principal executive offices located at 100 Westminster Street, Providence, RI. The filing is an amendment to a previous registration, indicating ongoing regulatory processes for the company.

Why It Matters

This filing is a step in the regulatory process for Bally's Chicago, Inc., potentially impacting its ability to raise capital or conduct certain business activities.

Risk Assessment

Risk Level: medium — S-1/A filings indicate a company is in the process of registering securities, which can involve significant regulatory scrutiny and market uncertainty.

Key Numbers

• 333-283772 — SEC File Number (Identifies the specific registration statement with the SEC.)
• 241586410 — Film Number (Internal SEC processing number for the filing.)

Key Players & Entities

• Bally's Chicago, Inc. (company) — Registrant
• 100 Westminster Street Providence, RI 02903 (location) — Principal executive offices address
• Ameet Patel (person) — Agent for service
• Sony Ben-Moshe, Esq. (person) — Copies to counsel
• Senet Bischoff, Esq. (person) — Copies to counsel

FAQ

Key Financial Figures

• $195,125,000 B — BER 27, 2024 PRELIMINARY PROSPECTUS $195,125,000 Bally's Chicago, Inc. 500 Class A-1 Int
• $250 — cago, Inc. 500 Class A-1 Interests at $250 per share, with a par value of $0.001 p
• $0.001 — at $250 per share, with a par value of $0.001 per share 1,000 Class A-2 Interests a
• $2,500 — er share 1,000 Class A-2 Interests at $2,500 per share, with a par value of $0.001 p
• $5,000 — er share 1,000 Class A-3 Interests at $5,000 per share, with a par value of $0.001 p
• $25,000 — er share 7,500 Class A-4 Interests at $25,000 per share, with a par value of $0.001 p
• $24,750 — rrent private placements, we will incur $24,750 of subordinated loans from Bally's Chic
• $22,500 — rrent private placements, we will incur $22,500 of subordinated loans from Bally's Chic
• $20,000 — rrent private placements, we will incur $20,000 of subordinated loans from Bally's Chic

Filing Documents

• tm2310971-13_s1a.htm (S-1/A) — 4574KB
• tm2310971d14_ex1-2.htm (EX-1.2) — 58KB
• tm2310971d14_ex5-1.htm (EX-5.1) — 22KB
• tm2310971d14_ex10-27.htm (EX-10.27) — 80KB
• tm2310971d14_ex10-30.htm (EX-10.30) — 59KB
• tm2310971d14_ex23-1.htm (EX-23.1) — 2KB
• tm2310971d14_ex-filingfees.htm (EX-FILING FEES) — 23KB
• cv_ofc2-html4c.jpg (GRAPHIC) — 184KB
• fc_corporatestruc-bw.jpg (GRAPHIC) — 58KB
• lg_ballys-pn.jpg (GRAPHIC) — 41KB
• mp_ballysmedihah-4c.jpg (GRAPHIC) — 166KB
• mp_permanresort-4clr.jpg (GRAPHIC) — 233KB
• mp_permresort-4clr.jpg (GRAPHIC) — 174KB
• pht_resort1-4c.jpg (GRAPHIC) — 168KB
• pht_resort2-4c.jpg (GRAPHIC) — 140KB
• tb_hottelaccu-bwlr.jpg (GRAPHIC) — 22KB
• tb_hottelrevenue-bwlr.jpg (GRAPHIC) — 23KB
• tb_hottelrooms-bwlr.jpg (GRAPHIC) — 21KB
• tm2310971d14_ex5-1img001.jpg (GRAPHIC) — 12KB
• tm2310971d14_ex5-1img002.jpg (GRAPHIC) — 8KB
• 0001104659-24-132193.txt ( ) — 6538KB

RISK FACTORS

RISK FACTORS 47 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS AND INDUSTRY DATA 88 OUR ORGANIZATIONAL STRUCTURE 91

USE OF PROCEEDS

USE OF PROCEEDS 94 DIVIDEND POLICY 95 CAPITALIZATION 97

DILUTION

DILUTION 99 UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL INFORMATION 100

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 108

BUSINESS

BUSINESS 126 MANAGEMENT 149 SUBORDINATED LOANS 155

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 157 TRANSACTIONS WITH RELATED PERSONS 161 PRINCIPAL STOCKHOLDERS 165

DESCRIPTION OF CAPITAL STOCK

DESCRIPTION OF CAPITAL STOCK 167 DESCRIPTION OF CERTAIN INDEBTEDNESS 171 PLAN OF DISTRIBUTION 173 CONCURRENT PRIVATE PLACEMENTS 178 SHARES ELIGIBLE FOR FUTURE SALE 179 MATERIAL U.S. FEDERAL INCOME TAX CONSEQUENCES TO U.S. HOLDERS 185 CERTAIN ERISA CONSIDERATIONS 188 LEGAL MATTERS 190 EXPERTS 190 WHERE YOU CAN FIND MORE INFORMATION 190 INDEX TO FINANCIAL STATEMENTS F-1 We have not, and the placement agents have not, authorized anyone to provide you with any information other than that contained in this prospectus or in any free writing prospectus we may authorize to be delivered or made available to you. We take no responsibility for, and can provide no assurance as to the reliability of, any other information that others may give you. This prospectus may only be used where it is legal to offer and sell our Class A Interests. The information in this prospectus is complete and accurate only as of the date on the front cover of this prospectus, regardless of the time of delivery of this prospectus or any sale of our Class A Interests. Our business, financial condition, results of operations and prospects may have changed since that date. We are not, and the placement agents are not, making an offer of these securities in any jurisdiction where the offer is not permitted. This prospectus has been prepared by Bally's Chicago, Inc. and may be used by our placement agents in connection with offers and sales of these securities in primary market transactions in these securities. i TABLE OF CONTENTS Neither we nor the placement agents have undertaken any efforts to qualify this offering for offers to investors in any jurisdiction outside of the states of Illinois, Florida, New York and Texas. Investors must have a U.S. social security number and/or a U.S. tax identification number to be eligible to participate in this offering. ii TABLE OF CONTENTS INDUSTRY AND MARKET DATA This prospectus includes estimates regardin

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View this S-1/A filing on SEC EDGAR