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This column doesn’t offer investment advice, as I am not a registered investment advisor. This is not merely a mandatory disclaimer; this is a warning. We will discuss some specific securities below that I am not merely incapable of recommending.
Chicago has wanted a casino for a long time
The stock offering
Chicago’s peculiar definition of Minority
Reading a complex corporate structure
Is this valuation a gift to investors?
Capital stack arbitrage, or, giving retail 100:1 leverage on single stock issuances
The casino will not distribute profits, per se
Tax consequences of this offering
In conclusion
Chicago and Bally's have teamed up in an investment offering.
We are not affiliated with Patrick McKenzie. This unofficial audio edition is available to listen to and share for free. Read the original on Bits about Money.
Duration
~38 minutes (36K characters)
Release date
Jan 24, 2025