City One, a black-owned media corporate primarily based in Washington, has teamed up with Colonial Downs to create a on line casino hotel and reside track venues in South Richmond. This week, City One will formally announce its new partnership with Peninsula Pacific Leisure, the Colonial Downs Workforce proprietor. The corporate additionally owns gaming emporiums within the state of Virginia.
The on line casino hotel undertaking plans come with making a venue on 100 acres this is owned by means of Altria Workforce Inc. With this new partnership, it takes Colonial Downs out of the equation relating to a license to construct and function a on line casino within the town of Richmond. An utility may be anticipated to be equipped this Monday by means of the Pamunkey Indian Tribe for a on line casino in South Richmond, valued at $350 million.
City Downs would be the majority investor within the undertaking with Colonial Downs. Alfred Liggins, the CEO of City One, commented at the plan by means of declaring the corporate is worked up to be filing its ‘tough proposal’ to Richmond officers. The plans come with developing an extraordinary area that gives eating, gaming, and track, attracting vacationers from round the US.
If the corporate is chosen for the license, the valuables will be the most effective Black-owned on line casino with various buyers positioned within the country. City One is not any stranger to Richmond, having operated within the town since 1999. Each and every facet of its on line casino plan will come with an area taste and can assist to uplift the area people.
City One operates as Radio One, proudly owning over 50 radio stations in different markets around the East Coast. The corporate has 5 FM stations in Richmond. With its wealthy historical past locally, City One has plans to concentrate on variety and inclusion with its on line casino plans. This contains developing financial alternatives for Black and different minorities within the state.
Plans for the on line casino come with 90,000 sq. toes of gaming area. There shall be a 150-guest room lodge positioned on-site along side a number of eating places and living room spaces. An leisure venue shall be created to accommodate 3,000 visitors and there shall be as many as 200 reside track occasions a yr.
Bringing a On line casino to Richmond
The town of Richmond is looking for proposals for possible on line casino operators in response to a state regulation that was once enacted in 2020. The regulation permits felony on line casino playing within the state with 5 towns decided on for the on line casino venues.
Norfolk, Bristol, Danville, and Portsmouth have already authorized their on line casino initiatives. Citizens in Richmond will make a decision in November. Presently, there’s an analysis panel that has 9 contributors who will evaluate the gaming proposals as they’re submitted.
Pamunkey Tribe’s Plans
The Pamunkey Tribe is hoping to create a on line casino in each Richmond and Norfolk. The tribe is given preferential remedy relating to playing services and products on account of state regulation relating to gaming rights. In early 2020, the tribe proposed a on line casino close to downtown Richmond. Alternatively, the plans weren’t gained neatly by means of the native neighborhoods.
The Pamunkey tribe has plans to publish an offer for Richmond at a brand new location this Monday, in step with Jay Smith, a spokesman for the tribe. The tribe is already authorized in Norfolk for a gaming venue.
In mid-January, the tribe signed a maintain the town of Norfolk for $10 million. The tribe bought simply over 13 acres of land to expand a on line casino hotel at the water.