Bally’s Corporation, selected in 2022 to develop Chicago’s first casino, is facing a lawsuit alleging racial discrimination in its investment criteria. The $1.7 billion project, set to open in 2026 in the River West neighborhood, includes a 500-room hotel, a theater, restaurants, and a public park. As part of its agreement with the city, Bally’s committed to offering a 25% ownership stake to women and minority investors.
The lawsuit, filed by the American Alliance for Equal Rights, led by conservative activist Edward Blum, argues that this policy unlawfully excludes white male investors, violating federal civil rights laws. The suit seeks to open investment opportunities to all individuals, regardless of race or gender.
According to the lawsuit, the public offering includes investment classes priced between $250 and $25,000, exclusively available to minorities and women. Additionally, these shares cannot be resold to white men. Chicago attorney Patrick Callahan reported being unable to invest due to these restrictions, describing the policy as “blatantly discriminatory.”
Bally’s maintains that its investment offering complies with its agreement with the city. The Chicago mayor’s office and the Illinois Gaming Board have not yet commented on the lawsuit. Legal experts predict the case could have broader implications for race-based investment policies across the country. If successful, the lawsuit may challenge similar diversity-focused initiatives in corporate and municipal contracts.
