After examining 5 quotes, the Petersburg City Council has actually picked The Cordish Companies as its favored gambling establishment supplier for what might end up being Virginia’s 5th and last brick-and-mortar gambling establishment. The other 4 competitors were Bally’s Corporation, Penn Entertainment, Rush Street Gaming, and a collaboration in between The Warrenton Group and Delaware North.
While the councilors did not remain after the consentaneous vote– to the frustration of lots of in presence– to describe why they picked Cordish, something that likely operated in the business’s favor was its 50-50 joint endeavor with Bruce Smith Enterprise (BSE), led by previous Virginia Tech and Buffalo Bills football legend Bruce Smith. According to a BSE news release, the Petersburg job will be the “biggest minority ownership chance in the video gaming and hospitality market in the nation.”
The Cordish $1.4 bn Live! Video gaming & & Entertainment District including Live! Gambling establishment & & Hotel Virginia has actually been authorized, Petersburg homeowners still need to enact November to green-light the gambling establishment. Bristol, Portsmouth, and Danville currently have gambling establishments and Norfolk’s has actually been authorized, however not yet constructed.
Richmond was initially the alternative for Virginia’s 5th gambling establishment, however citizens turned down the concept in both 2021 and 2023. Guv Glenn Youngkin just recently signed legislation disallowing Richmond from holding another vote, providing Petersburg, a brief drive south from the state’s capital city, the chance to be next in line.
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