Richmond Casino Proposals Arrive, Cordish Pitches $600M Gaming Resort

Posted on: February 22, 2021, 01:57h.

Last updated on: February 22, 2021, 02:08h.

Voters in Richmond, Virginia, will decide next November whether they want to authorize a casino resort to ignite economic growth in the state capital.

Virginia casino Richmond Cordish
Virginia casino Richmond Cordish
The Robert E. Lee Monument is seen here in Richmond. City residents will decide if a casino resort will come to the capital city in the future. Bids are arriving from interested developers. (Image: The Richmond Post)

The local ballot referendum will include specifics on the casino to allow voters to make an informed decision. The Richmond Department of Economic Development is handling the bidding process, and schemes are arriving from interested casino operators.

The Cordish Companies has, so far, submitted the largest investment. The Maryland-based casino and hospitality firm has pitched its plans to construct a $600 million development in the Scott’s Addition Historic District in downtown Richmond.

The project, named Live! Casino & Hotel Richmond, includes a gaming floor measuring 250,000 square feet, a 300-room hotel, and live entertainment space with capacity for 4,000 people.

The targeted site is presently occupied by the Movieland theater complex. Owner Bow Tie Partners has offered to sell the 17-acre site to Cordish.

Cordish owns and operates three Live! casinos in Maryland and Pennsylvania. The company opened its $700 million Live! Casino & Hotel Philadelphia earlier this month.

Other Richmond Pitches

Cordish isn’t the only casino operator that has submitted a casino blueprint to officials in Richmond. Over the weekend, a Black-owned media conglomerate based in the nation’s capital presented the city with a $517 million casino plan.

Urban One, a publicly traded conglomerate with a mission “to be the most trusted source in the African-American community that informs, entertains, and inspires,” has partnered with the parent organization of Colonial Downs and Rosie’s Gaming Emporium venues.

The Urban-Colonial bid targets a location in South Richmond across the James River from the capital area. The property would come with a smaller casino and hotel — 90,000 square feet of gaming space and a 150-room hotel. An entertainment venue would accommodate 3,000 people.

The Pamunkey Indian Tribe, which is already under development for a casino in Norfolk, is also seeking licensure in Richmond. It, too, is targeting South Richmond. The tribe has not yet formally unveiled its casino pitch. But the Richmond Times-Dispatch reports that the general sentiment among the predominantly Black neighborhoods in the area is that the Urban One proposal is preferred.

Urban One is not a foreigner to the gaming industry. The company owns a $40 million, seven percent stake in MGM National Harbor just outside DC in Maryland.

Cordish Campaign

The Cordish Companies says it’s the most qualified applicant to build and operate a casino in Richmond.

No gaming or development company in the country has our track record of successfully designing, financing, building and operating large-scale casino entertainment resort destinations in regional markets,” said Zed Smith, chief operating officer and partner at Cordish.

Cordish is already frustrated in Virginia, as it believes it was wronged by Norfolk when it selected the Pamunkey tribe as its casino developer. Cordish is suing the city on claims that a 2013 development agreement it entered into with Norfolk promised it gaming rights should Virginia legalize commercial gambling. The pact was part of Cordish’s agreement to invest $40 million into the Waterfront District.

Related News Articles

Latest posts

Easy options that are going <img width="1187" height="809" src="" class="attachment-post-thumbnail size-post-thumbnail wp-post-image jetpack-lazy-image" alt="247 advertise" loading="lazy" data-attachment-id="18034" data-permalink="" data-orig-file="" data-orig-size="1187,809" data-comments-opened="0" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0"}" data-image-title="247-ad" data-image-description="

Pay per head

” data-medium-file=”″ data-large-file=”″ data-lazy-srcset=” 1187w, 300w, 1024w, 768w” data-lazy-sizes=”(max-width: 1187px) 100vw, 1187px” srcset=”data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7″>

Is spending your PPH solution causing headaches? If that’s the case, the solution is had by us. Every bookie needs a ongoing service to simply help them on some degree. Then you care about keeping your clients loyal and if you are going to keep them loyal, you must offer them everything they ask for if you care about profits. This sounds like a conundrum is being faced by us. Not. That is all fairly simple and there’s an button that is easy. The pay per head industry has come along at the right place in time and they have made life easy for any bookmaker that is online. All you need to complete is join and acquire an incredible website that is free stop paying huge fees. The best PPH bookie providers are charging around $7 per head, per for active players week. They’re not asking $25, $30, and much more!

Be careful, there is certainly a balance that ought to be followed to. You will find several thousand PPH providers nowadays plus they are perhaps not all cut through the cloth that is same. You get what you pay for. We know you don’t want to pay the nose out, but we additionally understand that you anticipate a good item. Many PPH providers try and lure you in with rock-bottom discounts. Pay attention, they’re usually ‘too good to be true’.

[embedded content]

Yes, You can sign up with a pay per head that offers some type or kind of rock-bottom deal, but do they offer all the services you need, and better yet, do they offer the service that your clients need? Do an 800-number is offered by them that may be called 24/7 with real time agents that speak great United states English? Think about a website that is free gives you a state of the art sportsbook, a world-class racebook, and a Las Vegas-style casino? You’re going to want all of this; you need all of this if you want to keep your clients happy.

  • The Fees for the PPH services that are best work like this… you’ll be charged for every single player you have got that is earnestly playing. You’ll be charged a head that is per, per week. You can expect to pay around $7 per head, per player, per week as we mentioned. If for example the player plays onetime throughout the you will be charged the one time for that player for that week week. You shall never be charged once again. That player may play as numerous times they may play in the sportsbook, the racebook, and the casino as they wish and. If the fee is $7 per head, per week, you will only be charged $7 and the player has unlimited rights that are betting you choose to place restrictions in the player.

Example: Let’s state you have got 10-players playing in almost any provided and the PPH fee is $7 per head, per week week. This means that you will pay $70 for that week. There could be a total of 1,400 bets for that from the pool of 10-players, or there could be 10-bets, you will pay $70 and nothing more.

  • A week great PPH – they are the bookie. They are doing your task they set everything up daily for you and. They set the lines and odds, they set the days events, they offer every sport known to man, and along with those sports comes a wagering menu that is huge. Your players can play 24/7 and have now an 800-number to call should they want any assistance with their take into account any good reason.
  • You will have site stability. The best PPH providers use redundancy software that allows for the‘uptime’ that is most. You shall never be offline.We know you are tired of paying for bad service and you want what you pay for not junk. You can earn a great income you must have a supportive and affordable PPH

    if you play this right, but. Browse PPH reviews, uncover what other bookies say. Phone the PPH and get them whatever they can perform them to explain every single charge for you and ask. Them, don’t use them if you can’t call! Keep in mind, the PPH company is like purchasing footwear, you are able to invest several dollars at a discount that is big-box or perhaps you can invest some more bucks and also a couple of footwear that wears away in 5 years.

    Sportsbook*)Share this:(*)