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Chicago Sun-Times
Chicago Sun-Times
National
Tim Novak

Firm that brought Bally’s to Chicago casino deal stood to profit from another Bally’s deal

Bally Lori Lightfoot Chicago Nomura City Hall Medinah Temple SunTimes the SunTimes Nomura Holdings the Illinois Gaming Board
Then-Mayor Lori Lightfoot shakes hands with Bally’s chairman Soo Kim in 2022 as she announced Bally’s as her choice to open Chicago’s first casino. (Ashlee Rezin / Sun-Times)

Odds are you’ve never heard of Nomura Securities International. But the consulting firm played a key role behind the scenes in what’s likely to be one of the most consequential decisions Lori Lightfoot ever made as mayor — the selection of Bally’s to own and operate Chicago’s long-awaited casino.

City Hall hired Nomura to solicit casino operators to make their pitches to Lightfoot for the Chicago casino deal and to evaluate their proposals. Bally’s was among those Nomura solicited.

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