Story perspectives

Suit Challenges Bally’s Investment Program's Racial Exclusion

1/31/2025

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Summary

Story summary

The American Alliance for Equal Rights is suing Bally’s Chicago and regulators over a minority investment program that excludes white investors.
The lawsuit alleges the program violates equal rights by restricting ownership to women and people of color, per a 2019 state law.
Economic experts caution that investing in Bally's poses risks, particularly for first-time investors, due to high costs and uncertain returns.
The investment allows low-income residents to purchase shares with non-recourse loans, but entails significant risks if the casino fails.

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Story summary

The American Alliance for Equal Rights is suing Bally’s Chicago and regulators over a minority investment program that excludes white investors.
The lawsuit alleges the program violates equal rights by restricting ownership to women and people of color, per a 2019 state law.
Economic experts caution that investing in Bally's poses risks, particularly for first-time investors, due to high costs and uncertain returns.
The investment allows low-income residents to purchase shares with non-recourse loans, but entails significant risks if the casino fails.