{"id":2290,"date":"2021-10-01T11:09:36","date_gmt":"2021-10-01T11:09:36","guid":{"rendered":"https:\/\/www.casinousa.com\/news\/?p=2290"},"modified":"2021-10-01T11:09:36","modified_gmt":"2021-10-01T11:09:36","slug":"virginia-voters-to-decide-fate-of-the-richmond-casino-proposal","status":"publish","type":"post","link":"https:\/\/www.casinousa.com\/news\/virginia-voters-to-decide-fate-of-the-richmond-casino-proposal","title":{"rendered":"Virginia Voters To Decide Fate Of $565M Richmond Casino Proposal"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.casinousa.com\/news\/wp-content\/uploads\/sites\/2\/2021\/10\/proposed-one-casino-resort-richmond-virginia.jpg\" alt=\"Proposed ONE Casino+ Resort, Richmond Virginia\" title=\"Virginia Voters To Decide Fate Of $565 Million Richmond Casino Proposal\" class=\"alignleft size-full wp-image-2291\" width=\"300\" \/><strong>Urban One Inc.<\/strong> has been pushing hard to get approval to build its <a href=\"https:\/\/onecasinoresort.com\">proposed ONE Casino + Resort<\/a> in the city of Richmond, Virginia. Urban is willing to invest $565 million to develop this new casino resort. <\/p>\n<p>After years of effort, the final decision will now rest in the hands of the public who will decide on whether the casino proposal will go through. <\/p>\n<p>Urban One CEO <strong>Alfred Liggins<\/strong> believes that it will get the go-ahead from the public and hopes to make it the United States\u2019 first casino and resort where the majority stake is owned by African Americans. <\/p>\n<p>The vote for the casino proposal will be decided on November 2 but early voters in the <a href=\"https:\/\/www.casinousa.com\/states\/virginia\">state of Virginia<\/a> are already sending in their ballots. The decision on the casino has been delayed for close to a year as Richmond took its time to review proposals from interested casino developers.<\/p>\n<p><iframe loading=\"lazy\" title=\"Richmond, meet ONE.\" width=\"900\" height=\"506\" src=\"https:\/\/www.youtube.com\/embed\/cygutvZDruQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/p>\n<p>Eventually, the city decided to go with the proposal from Urban One. The company has partnered with <strong>Peninsula Pacific Entertainment<\/strong> (P2E), an experienced casino firm, to develop the ONE Casino + Resort. The total investment as of now is expected to be $565 million for the casino resort that will be built on vacant land along I-95 at Walmsley Boulevard and Trenton Avenue, south of the Philip Morris tobacco plant.<\/p>\n<p>The proposal will go through if the majority of Richmond voters say yes. <a href=\"https:\/\/www.casinousa.com\/news\/november-referendum-could-allow-four-cities-in-virginia-to-develop-casinos\">Four other cities in the state already said yes to casino resorts in their jurisdiction in 2020<\/a>. Supporters of the casino are hoping that Richmond will soon follow Norfolk, Portsmouth, Danville, and Bristol in their push for a casino.<\/p>\n<h2 id=\"high-hopes\">High Hopes<\/h2>\n<p>Liggins is very positive that they will get the necessary vote from Richmond. In his opinion, the ONE Casino + Resort is exactly what South Richmond needs. Other parts of the city have experienced economic growth over the last few years but South Richmond is in need of a financial boost.<\/p>\n<p>According to projections, <strong>ONE Casino + Resort is expected to generate $500 million in new tax revenue<\/strong> for the state each year. In the first ten years of operation, it could potentially bring in $5.7 billion to the area, boosting the economy and creating thousands of jobs for the locals. <\/p>\n<p>Tourism will be the main focus of this casino project, with a projected 3.7 million tourists expected to come in each year with guests playing <a href=\"https:\/\/www.casinousa.com\/games\/slots\">exciting slots<\/a> and <a href=\"https:\/\/www.casinousa.com\/games\/blackjack\">blackjack<\/a> games. As for employment, the casino will have 1,500 permanent positions with salaries averaging $55,000 per year. Richmond will also immediately benefit from a $25.5 million upfront payment if the referendum passes.<\/p>\n","protected":false},"excerpt":{"rendered":"Urban One Inc. has been pushing hard to get approval to build its proposed ONE Casino + Resort in the city of Richmond, Virginia. Urban is willing to invest $565 million to develop this new casino resort. After years of effort, the final decision will now rest in the hands of the public who will [&hellip;]","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,5,4],"tags":[],"class_list":["post-2290","post","type-post","status-publish","format-standard","hentry","category-news","category-industry","category-legal"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Virginia Voters To Decide Fate Of $565M Richmond Casino Proposal<\/title>\n<meta name=\"description\" content=\"After years of effort, the final decision for the ONE Casino + Resort project will now rest in the hands of the public... will they approve the plans?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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