New Phase in Richmond, VA, Casino Selection Process Kicks Off


The Virginia Metropolis of Richmond launched leisurely final week that its Resort Casino Evaluate Panel has entered the next allotment of its ongoing casino want route of.

The unit has been assembled to assess proposals from companies involved to operate a Las Vegas-vogue casino resort within the metropolis and imply a most standard bidder to the Richmond Metropolis Council.

All the way thru its demand for proposals route of between December and February, the metropolis purchased six bids. It culled three of the proposed projects in March and eradicated a fourth one in leisurely April. The Cordish Companies of Baltimore and a joint mission between media corporation Metropolis One and Colonial Downs are the right two provides left within the roam for the gaming license.

The metropolis launched on Friday that the Evaluate Panel is home to initiating the negotiation allotment within the necessity route of. Right here’s in actuality the absolute top segment of the multi-allotment route of of selecting a most standard casino developer. At its destroy, the panel will imply definitely one of many two bids that are tranquil in rivalry to Richmond Mayor Levar Stoney.

The overview unit acknowledged it expects to enjoy its recommendation ready by the destroy of Would possibly moreover. Mentioned recommendation will address which of the above two operators and which proposed online page could doubtless well be put on the November 2 ballot.

Beneath Virginia casino laws, residents of the metropolis will enjoy the absolute top insist on whether Richmond will host a casino by casting their vote on the subject in a citywide referendum.

Lovely Jam Threatens to Complicate Things

If the Metropolis Council approves the Evaluate Panel’s instantaneous proposal, this would doubtless then must be assessed by the Virginia Lottery inside a 45-day duration after being submitted to the regulator. Richmond officers will moreover enjoy to procure a court docket divulge to procure the chosen casino notion on the upcoming ballot for the absolute top voter approval.

Nonetheless, the device could doubtless well hit a giant snag as definitely one of many four bidders whose projects had been rejected plans to sue the metropolis, questioning its want route of.

Dennis Cotto, a Northern Virginia attorney and a partner and precept of Wager on Gaming Holdings, a company that had teamed up with Golden Nugget to collectively uncover for the honest right to invent Richmond’s casino, acknowledged final week that every time he had participated in bids within the previous and had lost them, he had gotten a debriefing. In this case, he became as soon as told there could doubtless well be no debriefing, which device that the eradicated companies would no longer be ready to search out out about redress or allure of Richmond’s resolution relating to their casino projects.

Mr. Cotto acknowledged he would file his lawsuit in Richmond Circuit Court later this month. Pending litigation could doubtless well forestall the court docket from issuing an divulge for the wanted citywide casino referendum and home off essential disruption within the necessity route of.

Provide: Metropolis of Richmond coming into next allotment of casino route of, ABC 8News, Would possibly moreover 7, 2021