Richmond Casino Revote Odds Improve, as Virginia Assembly Passes ‘Skinny’ Budget

The likeliness of capital of Virginia re-asking its residents nearly a proposed gambling casino holiday resort improved over the weekend after the Old Dominion General Assembly opted not to include a provision into its budget banker's bill that would have got prevented the uppercase metropolis from holding another gaming referendum until at least Nov 2024.

Richmond voters during the November 2021 election narrowly rejected a proposed propose called One Casino + Resort. The more than half of a billion-dollar introduction came from Urban One, a Black-focused media conglomerate based in DC in alignment with gaming manipulator Peninsula Pacific Entertainment (P2E).

Richmonders voted 51-49% against the project. Of the fivesome cities that qualified to take a casino to spur local economic activity through Virginia’s 2020 commercial message gaming bill, capital of Virginia was the only when urban center to balloting against the opportunity.

The Richmond City Council and Mayor Levar Stoney (D) want to pose the gaming referendum again, with the hopes of a more co-ordinated message hyping the regional benefits that the gambling casino would bring home the bacon would confidential information the voter turnout inwards One Casino’s favor. But land Sen. Joe Morrissey (D-Richmond), whose territorial dominion encompasses nearby Petersburg, wants to allow that urban center to weigh a casino instead.

Petersburg Odds Lengthen

Petersburg has partnered with Baltimore-based Cordish Companies on a casino resort hotel effort. But Cordish says it’s only when interested if capital of Virginia will non someday unfastened its own gaming destination.

The General Assembly’s Joint Legislative Audit & Review Commission set that casinos could be profitable operating simultaneously inwards both capital of Virginia and Petersburg, but from each one would live significantly more moneymaking without the other. The state is potential to bound only when I casino in the Richmond-Petersburg metro.

Morrissey successfully convinced his province colleagues shoemaker's last yr to include a supplying in the state’s fiscal budget account that prevented capital of Virginia from hosting another local gaming referendum until at to the lowest degree this November. He sought to once again include such a budget tack-on this year, but the strongly dual-lane legislature — Democrats controlling 22 of the Senate’s 40 seats and Republicans occupying 52 of the 100 House of Delegate seats — was stalemated spell discussing practically of this year’s fiscal blueprint.

With a strong partisan divide, the budget discussions focussed on polarizing issues such as abortion and gun rights. Legislation and budget provisions often passed single chamber only if to be stalled inward the other.

The General Assembly eventually sanctioned a “skinny” budget bill that provides critical funding but little pork.

Richmond Cleared for Revote

The Virginia General Assembly adjourned on Saturday to grade the remainder of the legislature’s 46-day session. With no supply blocking capital of Virginia from conducting another cassino referendum, the city appears cleared to bear such a revote.

Urban One officials say the society remains interested inward building its for the first time casino. But its developing partner has switched from P2E to John Churchill Downs, Inc., the latter which acquired Peninsula Pacific’s assets utmost twelvemonth for nearly $2.5 billion.

Churchill Downs has much break figure acknowledgement than P2E, in the first place because of its namesake raceway that’s home to the KY Derby. The firm’s involvement power be amend suited to win o'er some of the more moneyed ballot inward the upper-case letter metro.

Richmond’s 2021 gambling casino voting was mostly stock split among economical boundaries, with the lower-income neighborhoods voting inward favour of the proposed Black-owned enterprise. Richmond’s more wealthy areas northward of the King James River strongly opposed the casino.

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