Bally's Casino Lawsuit Settlement
Bally's Chicago settled a lawsuit after excluding White men from investing in their casino as part of a 25% minority and women ownership agreement. The controversial provisions were dropped, allowing investment from everyone.
Key Points
- Bally's settled a lawsuit with two White male investors over exclusion from investment due to minority and women ownership agreement
- Controversial provisions were dropped, allowing investment from all individuals
- The settlement was celebrated by the conservative legal group representing the investors
Pros
- Settlement promotes equality by allowing investment from all individuals
Cons
- Initial exclusion of White men from investment opportunity