Golden Nugget Partner in Richmond Casino Race to Sue the City


Certainly one of the most rejected bidders in Richmond’s casino fling has threatened to sue the Virginia metropolis over its replacement route of for a most in style developer and operator of a Las Vegas-style playing resort.

Richmond received six bids for the length of its inquire of of for proposals route of and in leisurely March culled half of them.

On line casino operator Golden Nugget teamed up with yr-feeble entity Wager on Gaming Holdings LLC to jointly desk a project for a $400 million resort and casino that will had been located about six miles from downtown Richmond. The proposal turn out to be as soon as one in every of three rejected by the metropolis in leisurely March.

Dennis Cotto, a Northern Virginia attorney and a companion and principle of Wager on Gaming Holdings LLC, is now seeking to sue the metropolis, questioning its replacement route of and most notably Richmond leaders’ insistence that Virginia and metropolis procurement authorized pointers compose not be conscious in this occasion.

Mr. Cotto argues that the Richmond Metropolis Council has no authority to ignore relate procurement authorized pointers that will rep granted his company and Golden Nugget an administrative route of. Talked about route of would rep enabled them to witness redress or charm of the elimination of their disclose from the fling.

The attorney suggested local media that he had lodged a grievance with the Virginia Lottery, but to no avail, because the relate-fling company refused to intervene. In accordance with the Lottery, the relate’s not too long ago amended casino regulations grants Richmond elephantine retain watch over over its sequence of a most in style casino developer and operator.

Attorney Ready to Start Correct Fight over On line casino Selection Job

Closing month, Mr. Cotto also turned to Virginia Attorney Overall Imprint Herring to study the topic, but has not heard from him since then. The attorney acknowledged that the handiest option left sooner than him is to file a lawsuit in verbalize that the topic is determined in court. He plans to hotel his authorized grievance in Richmond Circuit Court later in Could simply.

A authorized circulation would possibly perchance perchance disrupt the casino replacement route of, with the fling now being down to sterling two competitors – The Cordish Companies of Baltimore’s $600 million Are living! On line casino & Resort Richmond plan and Urban One and Colonial Downs’ $517 million ONE On line casino + Resort advanced. Late supreme month, the Richmond Metropolis Council nixed a $650 million resort and casino resort conception pitched by Bally’s Company.

Mr. Cotto elaborated that he had misplaced bids sooner than, but had step by step received a debriefing. In this case, he turn out to be as soon as suggested that there would be no debriefing. The Northern Virginia attorney believes he has a true case, citing relate procurement ordinances and noting that Richmond has not eminent these ordinances and has thus denied all of the rejected bidders’ authorized to due route of.

With sterling two firms left in competitors, the metropolis’s interior overview panel is now plot to indicate a finalist. Here’s anticipated to happen later in Could simply. The Metropolis Council will then rep to approve the suggested bidder.

The chosen proposal will then be reviewed by the Virginia Lottery interior a 45-day duration. The Metropolis will in the destroy rep to bag a court speak to fetch the chosen developer and their project on the November 2 ballot for voter approval. Richmond residents will rep the supreme convey on the topic.

On the replacement hand, pending litigation would possibly perchance discontinuance the court from issuing the citywide casino referendum speak.

Offer: Rejected casino community threats authorized fret to metropolis replacement route of, Richmond Free Press, Could simply 6, 2021