Today the Liberty Justice Center celebrates a significant victory in Glennon v. Johnson after Bally’s Corporation announced a revised public offering for its Chicago casino project that no longer illegal discriminates on the basis of race or gender. In a new securities filing dated April 22, Bally’s finally removed the requirement that purchasers be either a woman or minority. This success now means that the project is open to the people of Chicago without regard to race or sex.
Keep in mind that my intention to buy was by no means an endorsement of the investment. See my earlier article on that and other criticisms of the deal in print. https://wirepoints.org/no-white-men-allowed-in-ballys-chicago-share-offering-promoted-by-city-officials-wirepoints/ My view is that this offering should have been limited to accredited investors and is exceptionally risky and odd. My plan was to short some shares of Bally’s parent concurrent with the Bally’s Chicago purchase. But I do not recommend that for you, either. Especially in light of this new, bad news on the project that is already out. I hold a short position in the shares of… Read more »
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Keep in mind that my intention to buy was by no means an endorsement of the investment. See my earlier article on that and other criticisms of the deal in print. https://wirepoints.org/no-white-men-allowed-in-ballys-chicago-share-offering-promoted-by-city-officials-wirepoints/ My view is that this offering should have been limited to accredited investors and is exceptionally risky and odd. My plan was to short some shares of Bally’s parent concurrent with the Bally’s Chicago purchase. But I do not recommend that for you, either. Especially in light of this new, bad news on the project that is already out. I hold a short position in the shares of… Read more »