{"id":168473,"date":"2021-03-25T08:52:59","date_gmt":"2021-03-25T15:52:59","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=168473"},"modified":"2021-07-05T01:15:23","modified_gmt":"2021-07-05T08:15:23","slug":"virginia-capital-selects-three-finalists-for-lone-casino-license","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/virginia-capital-selects-three-finalists-for-lone-casino-license\/","title":{"rendered":"Virginia Capital Selects Three Finalists for City’s Lone Casino Resort License"},"content":{"rendered":"

The City of Richmond, Va., has narrowed the field of casino resort schemes in half. Three casino bids remain, including Bally’s, Live!, and One Casino.\u00a0<\/span><\/p>\n

\"Richmond
Three casino bids remain in Richmond, Va. Bally’s, Live!, and One Casino are the contenders for the gaming privileges. The front of the three casinos in other locations is seen above. (Image: City of Richmond)<\/figcaption><\/figure>\n

Mayor Levar Stone’s office released the news that three of the six real money casino<\/a> proposals submitted to the capital city have been rejected. Bids from Golden Nugget, the Pamunkey Indian Tribe<\/a>, and Wind Creek Hospitality were each eliminated for various reasons.<\/p>\n

A press release on their dismissals cited factors such as lack of site control, concerns regarding the feasibility of financial projections, deficiency of the bid, and lack of organizational experience.\u00a0<\/span><\/p>\n

The remaining contenders are Bally’s, The Cordish Companies, and a joint pitch from Colonial Downs and Urban One. Their respective casinos are branded as Bally’s Richmond Casino Resort, Live! Casino & Hotel Richmond, and One Casino + Resort.<\/p>\n

Richmond Details Review Process<\/b><\/h2>\n

The Virginia capital was one of five cities that qualified for a casino resort license under legislation passed last year and signed by Gov. Ralph Northam (D). So long as local voters back a referendum on the commercial gaming issue, the five cities can authorize a gaming project in hopes of spurring its regional economy.\u00a0<\/span><\/p>\n

Four have already done so. Richmond opted to wait a year to allow the numerous interested parties<\/a> to best prepare their tenders, and also give more time for the public to determine where they stand on gambling.<\/p>\n

The Richmond Department of Economic Development has formed an Evaluation Panel to review the bids. They will ultimately select the winner, but the project will come to light only if city residents back the referendum question in November.\u00a0<\/span><\/p>\n

The city will host three virtual meetings next week to further discuss the projects. During that time, citizens will be welcomed to ask questions directly to the representatives of the three companies.<\/p>\n