{"id":199091,"date":"2022-01-25T07:43:23","date_gmt":"2022-01-25T15:43:23","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=199091"},"modified":"2022-01-25T10:07:57","modified_gmt":"2022-01-25T18:07:57","slug":"richmond-bets-double-or-nothing-on-casino-resort","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/richmond-bets-double-or-nothing-on-casino-resort\/","title":{"rendered":"Richmond Bets Double or Nothing on Casino, as City Seeks Second Referendum"},"content":{"rendered":"

If the Richmond City Council has its way, residents in the Virginia capital will be asked again about a nearly $600 million casino resort that they previously rejected.<\/p>\n

\"Richmond
The Richmond City Council meets with the public during its January 24 hearing to discuss holding a second vote on a proposed casino. Despite some opposition, the council voted in favor of proceeding with another vote. (Image: WWBT<\/em>)<\/figcaption><\/figure>\n

Richmond voters narrowly rejected ONE Casino + Resort last year, a $565 million resort project that would have put a casino adjacent to the Philip Morris tobacco plant along I-95. The rejected local ballot referendum, councilmembers argue, cost the city 1,500 good-paying permanent jobs. It also nixed an immediate one-time $25 million payment from the resort development group and an estimated $30 million in new annual tax revenue.<\/p>\n

\n

The potential benefits, the council concluded, far outweigh the potential societal harms opponents have argued, such as gambling addiction and crime. That’s why the City Council last night voted 8-1 in favor of proceeding with a second vote on the casino<\/a> proposal. Councilor Katherine Jordan was the lone dissenter, the 2nd District rep saying she simply opposes gambling.<\/p>\n<\/div>\n

Urban One, a Black-focused media conglomerate headquartered in Silver Spring, Md., and Peninsula Pacific Entertainment, a California-based casino company that owns and operates six Rosie’s Gaming Emporiums and Colonial Downs Racetrack in Virginia, are behind the ONE Casino venture. The partnered companies plan to sign a new development and host agreement with Richmond in order to initiate a second ballot vote.<\/p>\n

Tax Break Floated<\/b><\/h2>\n

Richmond Mayor Levar Stoney (D) is supportive of the city asking residents for a second time to back a commercial casino resort undertaking. In hopes of winning over some of the 2021 “no” votes, the mayor has proposed a two-cent reduction to the city’s real estate tax rate if the measure passes.<\/p>\n

Stoney says minorities in the city took the failed casino vote personally, many claiming that they don’t feel welcomed to be part of the region’s economic future.<\/p>\n

\n

ONE Casino was set to be the first Black-owned commercial casino resort in the United States. Along with Urban One, the ownership structure was to include 50 investors who identify as minorities.<\/strong><\/p>\n<\/div>\n

Election results showed that wealthier neighborhoods north of the James River heavily opposed the casino, while more minority-rich communities on the southside overwhelmingly support the project.<\/p>\n

Of the approximately 77,000 votes cast on ONE Casino, the final tally was separated by only 1,500 votes in favor of rejecting the project.<\/p>\n

Alfred Liggins, Urban One CEO, says the company will do a better job of promoting the economic and community benefits of voting in favor of his casino, should a revote occur.<\/p>\n

Obstacles Remain<\/b><\/h2>\n

Opponents argue that Richmond trying to hold a second referendum is undemocratic. State Sen. Joe Morrissey (D-Richmond) voted in favor of ONE Casino last year. But he is now working on the state level to pass a law that would allow nearby Petersburg to hold a casino referendum and relocate Richmond’s unissued gaming license south to the town.<\/p>\n

Morrissey’s bill also seeks to prohibit Richmond from asking residents again<\/a> on the gaming matter.<\/p>\n

Richmond community activist Allan-Charles Chipman told the Richmond Times-Dispatch <\/i>that a second vote wrongly takes a page out of the casino industry playbook to “defy the expressed will of the people.”<\/p>\n

“While double or nothing is an acceptable tool for someone who lost a bet in the casino, it is not an acceptable option for the members of this body who lost a bet on a casino,”<\/strong> Chipman told the council yesterday evening.<\/p>\n","protected":false},"excerpt":{"rendered":"

If the Richmond City Council has its way, residents in the Virginia capital will be asked again about a nearly $600 million casino resort that they previously rejected. Richmond voters narrowly rejected ONE Casino + Resort last year, a $565 million resort project that would have put a casino adjacent to the Philip Morris tobacco […]<\/p>\n","protected":false},"author":25,"featured_media":199094,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,61],"tags":[],"acf":[],"yoast_head":"\nRichmond Bets Double or Nothing on Casino Resort<\/title>\n<meta name=\"description\" content=\"If the Richmond City Council has its way, residents in the Virginia capital will be asked again about a casino that they previously rejected.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Richmond Bets Double or Nothing on Casino Resort\" \/>\n<meta property=\"og:description\" content=\"If the Richmond City Council has its way, residents in the Virginia capital will be asked again about a casino that they previously rejected.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/richmond-bets-double-or-nothing-on-casino-resort\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-25T15:43:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-25T18:07:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/01\/5LCFC2R32FGJBE7S6GPRALBAPA.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Devin O'Connor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CasinoorgDevinO\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Devin O'Connor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/richmond-bets-double-or-nothing-on-casino-resort\/\",\"url\":\"https:\/\/www.casino.org\/news\/richmond-bets-double-or-nothing-on-casino-resort\/\",\"name\":\"Richmond Bets Double or Nothing on Casino Resort\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/richmond-bets-double-or-nothing-on-casino-resort\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/richmond-bets-double-or-nothing-on-casino-resort\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/01\/5LCFC2R32FGJBE7S6GPRALBAPA.jpg\",\"datePublished\":\"2022-01-25T15:43:23+00:00\",\"dateModified\":\"2022-01-25T18:07:57+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf\"},\"description\":\"If the Richmond City Council has its way, residents in the Virginia capital will be asked again about a casino that they previously rejected.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/richmond-bets-double-or-nothing-on-casino-resort\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/richmond-bets-double-or-nothing-on-casino-resort\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/richmond-bets-double-or-nothing-on-casino-resort\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/01\/5LCFC2R32FGJBE7S6GPRALBAPA.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/01\/5LCFC2R32FGJBE7S6GPRALBAPA.jpg\",\"width\":1200,\"height\":800,\"caption\":\"The Richmond City Council meets with the public during its January 24 hearing to discuss holding a second vote on a proposed casino. 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