Cordish Companies Prepping Petersburg Casino Plan in Virginia

The Cordish Companies wants to land its Live! gambling casino trademark due south to VA by right smart of Petersburg.

The Baltimore-based gaming steadfastly operates ternion Live! casinos inwards Free State and Pennsylvania. The fellowship has to boot developed non-gaming amusement districts under the Live! make inwards multiple states.

Cordish has its eyes lot on VA for its next play. The companionship missed out on Richmond’s gambling casino chance shoemaker's last yr after leaders inwards the chapiter city went with a $565 jillion casino set up from a consortium led by Urban One, a Black-focused media conglomerate.

But capital of Virginia voters at long last rejected the Urban One programme called ONE Casino + Resort. That prompted Old Dominion Sen. Joe Morrissey (D-Petersburg) to savant nation legislation to set aside Petersburg Campaign to instead consider a casino. Petersburg is around 15 miles in the south of the ONE Casino land site near the Prince Philip Morris tobacco plant on I-95.

Though Morrissey’s peak didn’t go across this year, he plans to uprise the billhook in 2023.

Petersburg Prep

Virginia’s commercial gaming Federal Reserve note passed in 2020 and signed past then-Gov. Ralph Northam (D) allowed only certain cities that get long experienced economical hardship to consider a gambling casino development. Five cities met the specific qualifying criteria: Richmond, Norfolk, Portsmouth, Bristol, and Danville.

All but Richmond feature since passed local gambling casino referendums in hopes of jumpstarting their economies inwards to each one region. Richmonders narrowly opted against the ONE Casino + Resort programme 51-49%.

Richmond hopes to re-ask voters during the 2023 election almost the gaming initiative, with Mayor Levar Stoney (D) and the bulk of the capital of Virginia City Council of the belief that a to a greater extent co-ordinated subject matter promoting the economic benefits of ONE Casino + Resort would ensue inward a different outcome. But Morrissey believes a sec gambling casino referendum inwards capital of Virginia would tour against the democratic process.

The state senator, who missed the 2016 capital of Virginia mayoral run to Stoney before seeking the land Senate, believes a cassino inward Petersburg Campaign would stock-still financial aid Richmond inward its economical recovery. And Morrissey says the people of Petersburg Campaign are to a greater extent supportive of allowing a gambling casino inward their town.

The Petersburg Campaign City Council earliest this month passed a declaration identifying Cordish Companies as its preferred gambling casino developer should Virginia tolerate the urban center to count a gaming resort. During a council meeting this week, Cordish Chief Operating Officer Zed Joseph Smith said the companionship is finalizing its Petersburg blueprint.

Smith says he expects the net intrigue to follow revealed to the council within 30 days.

Cordish, Morrissey Revenge

Morrissey and Cordish both experience added ground to follow optimistic about the chances of edifice a casino inward Petersburg Campaign after both were unwelcomed inward Richmond.

Along with Morrissey being rejected by city voters in favor of Stoney plunk for inwards 2016, capital of Virginia leaders utmost twelvemonth rejected Cordish’s gambling casino architectural plan for the city.

Cordish targeted President Arthur Ashe Blvd. inward the historical Scott’s Addition neighborhood nor'-west of downtown Richmond. The keep company presented a $610 zillion program featuring a 300-room hotel with 18 restaurants, a film theater, a good spa and wellness center, normal and meeting space, and a sprawling gambling casino floor measuring 250,000 foursquare feet.

But the capital of Virginia City Council went with Urban One, a keep company that has no more rail track record developing or running a casino. The company tried to satisfy want of receive concerns by partnering with Peninsula Pacific Ocean Entertainment, a casino operator that also operates historical gymnastic horse racing (HHR) machines at cinque Rosie’s Gaming Emporium locations inwards Virginia.

P2E, which is inwards the mental process of beingness acquired past Winston Churchill Downs, Inc., is to boot edifice a $400 trillion HHR gaming resort terminus called The Rose Gaming Resort inwards Dumfries almost 30 miles southward of DC.

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