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Petersburg, Virginia Casino Effort Remains Alive, Fairfax Casino Bill Dead – Casino.org
Posted on: January 27, 2023, 09:31h.
Last up to date on: January 27, 2023, 02:41h.
A Virginia Senate subcommittee gave hope to a Petersburg casino effort on Thursday by advancing laws that might designate the city as a professional gaming host jurisdiction.
Virginia legalized industrial gaming in 2020, however solely within the cities of Richmond, Norfolk, Portsmouth, Bristol, and Danville. Those cities met the qualifying standards dictated by the General Assembly that prompt how a casino would possibly help revitalize the native economies of these distressed communities.
Before a casino is totally approved for every metropolis, the native authorities should subject a improvement associate by way of a aggressive bidding course of. The remaining hurdle is gaining voter support by way of an area poll referendum. Voters in all however Richmond signed off on their respective gaming initiatives.
Richmond’s casino referendum failed by lower than 1,500 votes. State Sen. Joe Morrissey (D-Petersburg), whose district contains southern parts of Richmond, has since been making an attempt to maneuver Richmond’s rejected gaming license to Petersburg, about 20 miles south of the state capital.
The Gaming Subcommittee of the Senate Committee on General Laws and Technology accredited Morrissey’s Senate Bill 780 on Thursday. The measure now strikes to the complete committee for further consideration.
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Legislative Components
Morrissey’s invoice seeks to permit Petersburg to think about a casino improvement. The laws would additionally prohibit Richmond from internet hosting one other casino referendum till Petersburg “has had a reasonable opportunity” to think about a gaming enterprise.
A examine carried out by the Virginia Joint Legislative Audit and Review Commission (JLARC) concluded final fall that casinos in each Richmond and Petersburg could be worthwhile. However, every would generate far much less income if each have been to open.
Baltimore-based Cordish Companies, which operates casinos in Maryland and Pennsylvania, received Petersburg’s casino bidding. The firm pitched the town a $1.4 billion project — unfold out over a few years with a number of improvement phases — however the firm’s curiosity would wane if Richmond have been to open a casino, too.
The Richmond City Council and Richmond Mayor Levar Stoney (D) want to reask city residents concerning the $565 million casino. Black-focused media conglomerate Urban One in partnership with billionaire gaming veteran Jon Yarbrough pitched the venture.
Richmond’s 2021 casino consortium moreover included Peninsula Pacific Entertainment (P2E), which was to run the property ought to it come to fruition. P2E has since been bought to Churchill Downs, Inc. The Kentucky-headquartered horse racing and gaming operator mentioned it could contemplate becoming a member of a brand new pact ought to Richmond transfer ahead with one other try.
Fairfax Casino Tossed
A separate legislative effort to designate Fairfax County as a professional casino location was a brief-lived enterprise in 2023.
State Sens. David Marsden (D-Burke) and Del. Wren Williams (R-Stuart) filed laws final week on the ultimate day of the 2023 legislative session to allow Fairfax to consider a casino with its personal native referendum. Marsden admitted that the odds have been lengthy of the invoice gaining traction this 12 months due to its extremely controversial matter.
Just 5 days after being launched on Jan. 20, Marsden and Williams’ Senate Bill 1543 was yanked from its assigned committee. The Senate Committee on General Laws and Technology accredited Marsden’s request that the invoice is struck from further consideration.
Marsden didn’t instantly reply for remark as to why he killed his personal invoice. But he beforehand mentioned the difficulty would doubtless be more strongly thought-about throughout the state’s 2024 legislative session.
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UbetMobile.com Article Base: Petersburg, Virginia Casino Effort Remains Alive, Fairfax Casino Bill Dead uBetMobile – 2023
Virginia Senate subcommittee superior a invoice on Thursday that might designate Petersburg as a professional gaming host jurisdiction. This would permit the city to think about a casino improvement and prohibit Richmond from internet hosting one other casino referendum till Petersburg has had an opportunity to think about a gaming enterprise. A examine concluded that casinos in each Richmond and Petersburg could be worthwhile, nonetheless every would generate much less income if each have been to open. A separate legislative effort to designate Fairfax County as a professional casino location was unsuccessful and was withdrawn from consideration.
