Yesterday, officers in Richmond, Virginia introduced the remaining finalists for the brand new on line casino resort set to be constructed within the metropolis. The businesses nonetheless within the working together with Bally’s Company, The Cordish Firms, and City One.
The three finalists had been chosen because of their sturdy proposals, in line with metropolis officers. Every operator supplied an in depth monetary plan together with an evaluation of its projected operations in showcasing its imaginative and prescient for a on line casino within the capital metropolis.
The Minimize Proposals
Sadly for 3 different corporations, the proposals didn’t make the minimize. The Golden Nugget, Pamunkey Indian Tribe, and Wind Creek Hospitality weren’t chosen. The town determined to go along with these corporations as a result of the proposals didn’t embody sure elements equivalent to monetary projections, lack of web site management, or different points.
The Pamunkey Indian Tribe was not proud of the choice and issued a press launch revealing its disappointment. Within the assertion, the tribe mentioned that the timing of the choice, happening earlier than the general public remark interval is accomplished, undermines the arrogance within the choice course of. The tribe said additional it suggests a pre-determined final result has been reached and the general public feedback didn’t even matter.
With the three finalists remaining, the Analysis Panel will begin to negotiate with the bidders. On the similar time, feedback will nonetheless be taken from the general public. Three digital conferences will happen beginning subsequent week with every operator. The proposed initiatives can be mentioned, and residents will have the ability to ask the businesses questions straight.
The Remaining Proposals
Of the three remaining finalists, every proposal gives one thing totally different. Bally’s Company is ready to supply a $650 million growth on 61 acres of land close to the downtown space. The property can be 1.6 million sq. ft in measurement and have a 250-guest room lodge.
The Cordish Firms have plans to spend rather less, at $600 million. The on line casino could be 250,000 sq. ft in measurement and include a 300-room lodge. The on line casino could be titled Reside! On line casino and Lodge Richmond and sit on 17 acres of land north of Richmond. The property would come with 18 restaurant and bar areas.
The final proposal was launched by City One. The Maryland-based media firm has plans to spend $517 million on a on line casino resort, located on 100 acres of land that’s owned by Philip Morris Worldwide. The minority-owned firm would work with Peninsula Pacific Leisure to create the on line casino venture. The property would provide 90,000 sq. ft of gaming house and a 150-guest room lodge.