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Caesars Virginia ‘tops off’ Danville casino

Caesars Virginia is a step closer to opening its permanent casino in Danville after a topping-off ceremony Thursday.

Though the temporary casino opened in May 2023, work on the permanent Caesars Virginia casino and 12-story hotel has been ongoing. The floor of the casino has been poured, metal framing is in place and the hotel structure has been fully built, with windows being placed onto the building’s facade up to the sixth floor, according to a news release from Caesars.

The hotel will have 320 rooms — a reduction from the originally announced 500 rooms — plus a swimming pool and spa.

A partnership between Caesars Entertainment and the Eastern Band of Cherokee Indians (EBCI), Caesars Virginia started construction on the casino in August 2022. The development, at the former Dan River Inc. Schoolfield mill site, is expected to be finished by the end of the year.

Chris Albrecht, senior vice president and general manager of Caesars Virginia, was excited that he doesn’t have to say “next year” or “late next year” anymore. “This has truly changed the skyline of Danville when you come from miles away and now see this great addition to the three sisters,” Albrecht said in a statement, referring to the local nickname for a trio of prominent smokestacks left over from closed textiles factories.

The topping-off ceremony, which marks the completion of the building’s framework of a building, included hoisting a tree and American flag to the highest point of the hotel, placed next to a silhouette of Gaius Julius Caesar himself.

“In my eyes, a topping-off solidifies the fact that Danville made the right choice in picking Caesars as a partner in this project,” Barron Fuller, regional president of the Southeast Region for Caesars Entertainment, said in a statement.

The 40,000-square-foot temporary casino brought in $145 million in revenue from its opening in May 2023 through the end of the year. It has more than 400 employees and officials estimated that at least 800 people will work in the permanent casino, which will feature 1,300 slots, 85 live table tames, 24 electronic table games, a poker room and sports book, along with bars, restaurants, a 2,500-seat live entertainment theater and more than 50,000 square feet of meeting and convention space.

Virginia’s first casino, the Hard Rock Hotel & Casino Bristol, opened in July 2022 in a temporary space at the former Bristol Mall after receiving licensing approval less than 90 days earlier. In December 2022, developers began construction nearby on the $500 million permanent Hard Rock casino, which is slated to open in July. The 90,000-square-foot permanent resort casino will include a 2,200-seat indoor entertainment venue, but early plans for an outdoor venue there were scrapped.

The $340 million Rivers Casino Portsmouth, which received its license in November 2022, opened its permanent space in January 2023.

The Pamunkey Indian Tribe’s license for the proposed $500 million HeadWaters Resort & Casino on the Elizabeth River in Norfolk is still pending state approval and construction has not yet started. The Norfolk Architectural Review Board is the first body to review plans for the casino, which is pending approval from Norfolk City Council. The review board was set to review the casino’s new plans during its Jan. 8 meeting, but developers continued the review until Jan. 22.

Following Richmond voters’ rejection of a proposed $562 million casino for the second time, Petersburg lawmakers are seeking to hold a casino referendum in the city, which would require the General Assembly to allow a casino in a city with a population below 200,000. State Senate Bill 268, with state Sens. Lashrecse Aird and Louise Lucas as patrons, would amend requirements for a host city to ones favorable for Petersburg, The Progress-Index reported.

Va. casino revenues total $58.5M in December 2023

Virginia’s three casinos generated $58.5 million in December 2023 gaming revenues, according to data released Friday by the Virginia Lottery.

Virginia’s first casino, the Bristol Casino: Future Home of Hard Rock temporary facility, opened July 2022. The Virginia Lottery Board approved HR Bristol’s casino license in April 2022. In December 2023, the Hard Rock Bristol casino generated about $12.2 million from its 911 slots and about $2.7 million from its 29 table games.

Rivers Casino Portsmouth, Virginia’s first permanent casino, opened in January 2023, after the lottery board approved its license in November 2022. Rivers Casino Portsmouth reported a total of approximately $23.85 million in gaming revenues, of which about $16.3 million came from its 1,466 slots, with the remainder coming from its 81 table games.

The temporary Caesars Virginia casino in Danville opened in May 2023, after receiving its casino license in April 2023. The Caesars Virginia casino reported roughly $14.27 million in revenue from its 808 slots and about $5.46 million from its 33 table games.

Last month’s casino gaming revenues were a 14.3% increase from the $51.2 million reported in November 2023.

Virginia law assesses a graduated tax on a casino’s adjusted gaming revenue (wagers minus winnings). For the month of December 2023, taxes from casino AGRs totaled $11.7 million.

The host city of Portsmouth received 7% of the Rivers Casino Portsmouth’s AGR, almost $1.7 million. Danville received 6% of its casino’s AGRs, receiving roughly $1.18 million. For the Bristol casino, 6% of its adjusted gaming revenue — roughly $725,000 last month — goes to the Regional Improvement Commission, which the General Assembly established to distribute Bristol casino tax funds throughout Southwest Virginia.

The Problem Gambling Treatment and Support Fund receives 0.8% of total taxes, about $93,800 last month. The Family and Children’s Trust Fund receives 0.2% of the monthly total, roughly $23,000 in December 2023.

One more casino has received voter approval and is currently underway in Virginia: the $500 million HeadWaters Resort & Casino in Norfolk. The developers — a partnership between the King William-based Pamunkey Indian Tribe and Tennessee billionaire Jon Yarbrough — submitted new plans to the city, aiming to start continuous, rather than phased, construction in spring 2024.

The Norfolk Architectural Review Board is the first body to review plans in the approval process, which ends with the Norfolk City Council. The board was set to review the new plans in its Jan. 8 meeting, but developers continued the review until Jan. 22.

Following Richmond voters’ rejection of a proposed $562 million casino for the second time, Petersburg lawmakers are seeking to hold a casino referendum in the city, which would require the General Assembly to allow a casino in a city with a population below 200,000. State Senate Bill 268, with state Sens. Lashrecse Aird and Louise Lucas as patrons, would amend requirements for a host city to ones favorable for Petersburg, The Progress-Index reported.

Editor’s note: This story has been updated to correct the tax rates allocated to host localities and the RIC.

Va. casinos report $51.2M in November revenue

Gaming revenues from Virginia’s three casinos totaled $51.2 million in November, according to Virginia Lottery data released Friday.

Virginia’s first casino, the Bristol Casino: Future Home of Hard Rock temporary facility, opened July 2022. The Virginia Lottery Board approved HR Bristol’s casino license in April 2022. The Bristol casino reported a little more than $12 million in adjusted gaming revenue (wagers minus winnings) in November, of which about $10 million came from its 908 slots, and $1.9 million from its 29 table games.

Rivers Casino Portsmouth, Virginia’s first permanent casino, opened in January. The lottery board approved its license in November 2022. Rivers Casino Portsmouth generated almost $21.6 million in November gaming revenues, of which about $14.6 million came from its 1,416 slots, and about $6.9 million from its 81 table games.

The temporary Caesars Virginia casino in Danville opened in May, after receiving its casino license in April. Caesars Virginia’s adjusted gaming revenue totaled $17.5 million in November. Of that, about $12.8 million came from its 830 slots, and the remaining almost $4.69 million came from its 33 table games.

Virginia law assesses a graduated tax on a casino’s adjusted gaming revenue. For November, total casino state taxes were approximately $10.29 million.

Portsmouth received 7% of adjusted gaming revenues from the Rivers Casino Portsmouth, getting $1.5 million. Danville received 6% of the Caesars Virginia casino’s adjusted gaming revenue, which was about $1 million. For the Bristol casino, 6% of its adjusted gaming revenue — roughly $725,000 last month — goes to the Regional Improvement Commission, which the General Assembly established to distribute Bristol casino tax funds throughout Southwest Virginia.

The Problem Gambling Treatment and Support Fund received approximately $82,000 from casino taxes in November, while the Family and Children’s Trust Fund received about $20,590. The remaining roughly $6.9 million remains in the state’s Gaming Proceeds Fund.

Currently, one more casino is planned in Virginia — the HeadWaters Resort & Casino in Norfolk. In June, developers scrapped plans to build a 45,000-square-foot temporary casino, although the Pamunkey Indian Tribe and Tennessee billionaire Jon Yarbrough said in November that they hope to break ground in 2024 after getting city leaders’ sign-off.

Richmond voters gave a resounding “no” to a casino for the second time, rejecting the proposed $562 million Richmond Grand Resort & Casino in the city’s do-over casino referendum in November.

Petersburg lawmakers seek to hold a casino referendum in the city by November 2025, which would require the General Assembly to allow a casino in a city with a population below 200,000, the Richmond Times-Dispatch reported.

Editor’s note: This story has been updated to correct the tax rates allocated to host localities and the RIC.

No dice: Casino referendum fails again

Richmond’s do-over casino referendum failed at the ballot box Nov. 7 by a much larger margin than the city’s first casino referendum did in 2021, as roughly 61% of Richmond voters rejected the proposed $562 million Richmond Grand Resort & Casino.

Leading up to the election, the casino’s corporate backers, Urban One and Churchill Downs, sank more than $10 million into advertising and get-out-the-vote efforts, including a free Isley Brothers concert next to an early voting polling place and free food truck meals for voters.

“We are proud to have run a community-centered campaign to create more opportunities for residents of this great city to rise into the middle class,” pro-casino PAC Richmond Wins, Vote Yes said in a statement after the referendum’s defeat.

With 72 precincts reporting, 39,768 Richmonders voted against the casino and 24,765 voted for it, a 61.62% to 38.38% margin, according to the Virginia Department of Elections. By comparison, the 2021 casino referendum failed by fewer than 1,500 votes, with 40,243 voters, or 50.95%, rejecting it.

With a budget just below $200,000, casino opponents made their cause visible with yard signs and letters to city residents, as well as an airplane flying over the Richmond Folk Festival in October with a banner reading “VOTE NO CASINO … AGAIN.”

“The people of Richmond have made the following clear: You can’t build a new city on old resentments. For too long, the politics of Richmond has been controlled by politicians and their allies who put their own self-interest before the public interest,” said Paul Goldman, a key casino opponent and former campaign manager for Gov. L. Douglas Wilder.

In the immediate days before the election, controversy erupted as casino proponents were dogged by reports of antisemitic and racially insensitive speech on Urban One-owned radio stations in Richmond, leading to a guest host being banned and Urban One issuing a public apology.

Several prominent Richmond organizations endorsed the casino proposal, including ChamberRVA, the Metropolitan Business League, Richmond Region Tourism, the Richmond NAACP and several local union chapters.

The proposed casino would have included a 250-room hotel, a 3,000-seat concert venue and a soundstage where Urban One pledged to invest $50 million over 10 years. Casino backers estimated that the project would have created 1,300 permanent jobs and generated $30 million in annual tax revenue.

A longer version of this story ran online on Nov. 7.

100 People to Meet in 2024: Hosts

Nourishing and delighting us, these Virginians welcome us to their communities through food, hospitality and entertainment.

Chris Albrecht

Senior vice president and general manager, Caesars Virginia
Danville

In May, the temporary Caesars Virginia casino opened in Danville, led by General Manager Chris Albrecht. A Florida native, Albrecht has worked for Caesars Entertainment for 18 years and is also overseeing the construction of the $650 million permanent casino resort underway in Danville’s Schoolfield neighborhood, formerly a hub for textile manufacturing. “We’ve had really strong demand” for casino jobs, Albrecht says, adding that when the permanent casino opens in late 2024, “we’ll have three times as many table game dealers” — 400 to 500 employees serving 90 poker tables. Albrecht earned his MBA from UCLA and his bachelor’s degree in finance at MIT, but joining a poker club in business school made him take notice of the gaming industry, he says.


Ann Butler

Owner, 21 Spoons
Chesterfield County

Ann Butler opened her small, local cuisine-focused restaurant in a Midlothian shopping center in early 2021, mainly to fill unused space while the pandemic forced her to put on hold Edible Education, her business offering cooking classes to kids. So, she started 21 Spoons as a pop-up, and then in March, Southern Living magazine named it Virginia’s best locally owned restaurant — a pleasant surprise for Butler. “I’m not a 27-year-old male chef opening a restaurant.” Indeed, she is 61 now, and recommends, “Just really do follow your passion.” Butler, who also sells “Kitchen a la Cart” portable teaching kitchens, has put Edible Education up for sale so she can focus on her 21 Spoons and Kitchen a la Cart businesses.


John Haggai

CEO and president, Burtons Grill & Bar
Richmond

If you’ve eaten at an Outback Steakhouse in Virginia, chances are John Haggai was behind its opening. He started working at the Australian-themed restaurant as a busboy in 1989 while still in high school and worked his way up to management, becoming a partner before he left in 2010. He then co-founded Richmond’s Tazza Kitchen, which now has six locations throughout Virginia and the Carolinas.

Haggai took over as CEO of the growing Boston-based Burtons Grill chain in 2022, setting as a parameter that he would stay in Richmond instead of moving north, and now there’s a Burtons location in the city’s Carytown shopping district. Though it specializes in American fare, Burtons is also committed to allergy-free offerings.

“It’s food people crave and love,” Haggai says, “and it’s warm hospitality. It’s reliable.”


Caitlin Horton

Head winemaker, Horton Vineyards
Gordonsville

At 29, Caitlin Horton is Virginia’s youngest head winemaker and one of a minority of women to hold that title. “Grandma grows the grapes, and my mom is vice president and general manager. I didn’t realize it was special until later in life, to be a female-run winery in an industry that is mainly a boys’ club,” she says. Under Horton’s direction, her 40-year-old Orange County family winery yields 400 tons of grapes annually, including 18 varietals ranging from Virginia classics like viognier to lesser-known grapes like the Portuguese tinta cão. As a third-generation vintner, Horton is influenced by tradition but also driven to innovation, introducing experimental wines such as her steampunk-themed Gears & Lace line.

Check out the other 100 People to Meet in 2024.

No dice: Richmond casino referendum fails by large margin

Richmond’s do-over casino referendum failed at the ballot box Tuesday by a much larger margin than the first casino referendum did in 2021, as about 61% of Richmond voters said no to the $562 million Richmond Grand Resort & Casino.

It was not a good night for gambling interests in Virginia, as voters in Manassas Park also rejected a referendum to allow Churchill Downs to build a Rosie’s Gaming Emporium in their community.

The pro-casino PAC Richmond Wins, Vote Yes issued a statement Tuesday night about the second Richmond casino referendum’s defeat: “We are proud to have run a community-centered campaign to create more opportunities for residents of this great city to rise into the middle class. We are grateful to the thousands of Richmonders who voted for good jobs and a stronger city, especially those in South Side who poured their hearts into this project.”

Everything was bigger this time, especially spending by the proposed Richmond casino’s corporate backers, Urban One and Churchill Downs, which sank more than $10 million into advertising and get-out-the-vote efforts that included a free Isley Brothers concert next to an early voting facility and subsidized food truck meals for voters through October and November.

But the controversy also was bigger, as the pro-casino side was dogged in recent days by reports of antisemitic and racially insensitive speech on Urban One-owned radio stations in Richmond.

In the end, the gap between “no” voters and “yes” voters was much bigger in 2023, after a narrow defeat of about 1,500 votes in 2021. This year, 64,533 people voted in Richmond, compared to about 79,000 in 2021, although the referendum’s geographical and demographic divide remained similar. With 72 precincts reporting Election Day votes and about 13,506 early votes and 4,705 absentee ballots counted, 39,768 Richmonders voted no and 24,765 people voted yes, a 61.62% to 38.38% margin, according to the Virginia Department of Elections’ website Wednesday.

In 2021, more of the city’s North Side and West End voters — typically whiter and wealthier — voted against the casino referendum, while more South Side and East End residents, in majority Black districts, voted yes. The divide was similar in 2023, with South Side precincts and a few others in Richmond’s East End with a “yes” majority.

Richmond Mayor Levar Stoney, a casino supporter who had put forward a plan to dedicate some of the casino’s tax revenue to providing child care in the city, said in a statement: “I will continue to be a voice for communities that have been historically overlooked and underserved. I will work for more accessible and affordable child care, for good-paying jobs, and for an abundance of opportunities for ALL Richmonders — no matter their zip code or socioeconomic status.”

Paul Goldman, a former campaign manager for Gov. L. Douglas Wilder and a key casino opponent, made a statement Tuesday night that included a jab at Stoney.

“The people of Richmond have made the following clear: You can’t build a new city on old resentments. For too long, the politics of Richmond has been controlled by politicians and their allies who put their own self interest before the public interest. Today, the people of Richmond said clearly those days are over. Those who can’t put aside the politics of resentment need to step aside, and I think we all know who they are. Richmond can afford right now to fix our schools, provide affordable day care, achieve equality for all and reduce the tax burden on the citizenry,” Goldman said. “The losing side tonight said the only way to do that is to fleece the poor. The winning side — a team effort of which I was one of many — said the way to do that is for all of us to work together for the common good. I’d like to think we can start on this new path tomorrow.”
On Wednesday just before closing of the stock market, Urban One’s shares were worth $3.45 each, down 38.94% from closing Tuesday, before the referendum results came in.

The proposed casino would have included a 250-room hotel, a 3,000-seat concert venue and a soundstage where Urban One pledged to invest $50 million over 10 years in TV, movie and audio productions. Casino backers estimated that the project would have created an estimated 1,300 permanent jobs and generated $30 million in annual tax revenue.

Unlike in 2021, Urban One joined this time with Kentucky-based Churchill Downs, which last year purchased the assets of Urban One’s previous casino partner, Peninsula Pacific Entertainment. Urban One and Churchill Downs were equal partners in the venture, and the companies spent about four times the amount Urban One spent in 2021, according to campaign finance reports.

The outcome? Extensive door knocking, TV ads, campaign mailers, free music and free food. Urban One-owned Praise 104.7 FM aired a daily “Richmond Grand Update” show that regularly included Cathy Hughes, founder and chairman of Urban One, promoting the project in conversations with host Gary Flowers, and in the final weekend before Election Day, the casino’s backers hosted parties in Richmond’s public housing neighborhoods.

Lushan Phang, owner of the Taste Good Authentic Jamaican Flavor food truck, was at the city registrar’s office parking lot on Nov. 1, handing out meals to a few takers. He said that at the end of the day, he would invoice the casino campaign $15 per lunch distributed. Phang noted it was way busier at the South Side location the previous week, compared to the registrar’s office north of the James River.

With a budget just below $200,000, casino opponents — including Paul Goldman, the Ukrop family and NewMarket Chairman CEO Thomas E. Gottwald —  made their cause visible with yard signs and letters sent to city residents, as well as an airplane carrying a sign reading “VOTE NO CASINO … AGAIN” flying over the Richmond Folk Festival in October.

This year, casino proponents used their large budget and platform to get out the vote — but also contributed some negative commentary against casino opponents.

In October and early November, Hughes and two Urban One radio hosts used their radio broadcasts not only to promote the project but also to denigrate casino opponents. Speaking on the Praise 104.7 FM “Richmond Grand Update” program, Hughes criticized U.S. Sen. Tim Kaine, who opposed the 2021 referendum, and two Black activists who have spoken out about the casino, Allan-Charles Chipman and Chelsea Higgs Wise, whom Flowers called “self-hating Black people.” Hughes, in an Oct. 18 clip, characterized middle-class Black Richmonders who oppose the casino vs. working-class Black Richmonders who support it as “house n——s and field n——s.”

Competing Richmond casino signs outside the city registrar’s office, Nov. 1, 2023. Photo by Kate Andrews

In another instance, guest radio host Preston Brown was banned from Urban One’s 99.5 FM The Box for using “antisemitic language” to criticize a casino opponent, according to a statement from the Richmond Wins, Vote Yes PAC. The No Means No Casino website posted an audio clip of Brown saying on air, “Paul Goldman is a Jew who got the same trait as Judas. He’s a white Jew with the background of Judas. I’m talking about one person, and his name is Paul Goldman, and he’s a Judas. And I think somebody might have heard me say ‘Jew.’ He’s a Judas, and Judas was with Jesus.”

In a statement released Friday, Goldman accepted an apology offered by Hughes’ son, Urban One CEO Alfred Liggins. But Goldman added, “The whole pro-casino side seem oblivious to the damage they have done to Richmond. … It isn’t merely their failure to apologize to all the people individually singled out, but to our city as a whole, to our people as a whole. For the love of money, for personal gain, they are willing to turn their casino project into a wedge of division, to attempt to win by a divisive strategy serving only their selfish interests.”

However, several prominent Richmond leaders and organizations gave the project their approval, including ChamberRVA, the Metropolitan Business League, Richmond Region Tourism, former Richmond Mayor Dwight Jones and the Richmond NAACP, and several local union chapters joined the pro-casino side, focusing on jobs that casino officials said would provide an average of $55,000 in annual compensation — although that was likely to come out to about $16 an hour, depending on health care coverage, according to a VPM story.

Urban One chair, radio hosts slam casino foes on air

Updated Nov. 4

Richmond casino referendum rhetoric took an ugly turn this week, as an Urban One radio host in Richmond compared anti-casino campaigner Paul Goldman to biblical traitor Judas and negatively referenced his Jewish faith — drawing condemnation as antisemitic speech — while speaking on air Wednesday about the casino referendum on city ballots this fall.

In an audio clip posted to the anti-casino group No Means No Casino’s website this week, Richmond radio personality Preston Brown — a longtime media presence in Richmond who has a radio show on Urban One-owned 99.5 FM The Box — said on air, “Paul Goldman is a Jew who got the same trait as Judas. He’s a white Jew with the background of Judas. I’m talking about one person, and his name is Paul Goldman, and he’s a Judas. And I think somebody might have heard me say ‘Jew.’ He’s a Judas, and Judas was with Jesus.”

Judas, according to the Bible, is the apostle who betrayed Jesus and led to his arrest and crucifixion. Richmond Wins Vote Yes, the pro-casino referendum campaign organization that has garnered about $10 million from corporate partners Churchill Downs and Urban One in pushing for the Richmond Grand casino proposal on city ballots, released the following statement Friday: “Richmond Wins Vote Yes is about bringing people together to build a better Richmond and provide meaningful economic opportunity for the city and its people. This campaign unequivocally condemns the antisemitic language and divisive comments that were made on the air.”

Marsha Landess, regional vice president of Radio One Richmond, representing Urban One’s radio stations based in Richmond, released a statement Friday regarding Brown’s comments. “The antisemitic comments heard on The Box 99.5 were made by a temporary guest host who was not an employee of the station,” she wrote. “These statements were horrible and offensive. Once we heard the comments and because he was alone in the studio with his producer, I personally drove to the station and immediately removed him from the show. He will not be appearing again. Our CEO, Alfred Liggins, has personally apologized to Mr. Goldman on behalf of the station and our company, and we again sincerely apologize to Mr. Goldman for these remarks and condemn them in the strongest possible terms.”

Goldman said in a statement Friday night that he didn’t ask for an apology from Liggins. “Yes, I was ticked off. I let him know. But I knew he was better than that.When he responded [Friday] morning with a gracious apology, I wasn’t surprised. And it is fully accepted. I understand the mayor has issued a press release apologizing to me. That too is fully accepted.”

On X (formerly Twitter), Richmond Mayor Levar Stoney wrote that he “unequivocally” condemns Brown’s remarks, adding, “I’m pleased to hear the station has issued an apology and fired the individual.”

Brown’s comments were among the most inflammatory posted on the No Means No website — drawing condemnation from former state Del. Lee Carter on X (formerly Twitter), who called the clip “disgusting.” However, Urban One founder and Chair Cathy Hughes is heard in other posted audio clips making critical comments about U.S. Sen. Tim Kaine, who spoke against the casino in 2021, and other prominent casino opponents, including Ukrop’s Homestyle Foods Chairman and CEO Bobby Ukrop and Allan-Charles Chipman, an unsuccessful 2022 Richmond City Council candidate. Hughes’ comments were recorded during the “Richmond Grand Update” program, which has aired weekdays on Praise 104.7 FM, another Urban One station in Richmond, since September.

Regarding the other clips, Landess released this statement Friday: “The clips that have been posted online combine more than one show. The majority of the clips are from a morning show on Praise 104.7, where the primary voices heard are host Gary Flowers and Cathy Hughes. The clips involving Preston Brown are from a totally separate nighttime show on Box 99.5. He was a guest host on the show and was immediately removed. He and his producer were the only people in the studio for that show. No others.”

Discussing the Confederate statues in Richmond that were removed between 2020 and 2022, and placed in the custody of the Black History Museum and Cultural Center of Virginia, Hughes is heard saying in a Nov. 1 clip, “Tim Kaine may have wanted one in his front yard.” On Oct. 27, she says, “This man was the mayor of the city and a civil rights lawyer. He knows the pain of the Black people of the South Side of Richmond … but he’s saying that it’s better for a Black man to get drunk off some beer that he financed at a local brewery than to have a job. How do you equate that?”

On Oct. 19, Hughes is heard speaking about Ukrop, whom she says hired a plane to fly a banner reading “VOTE NO CASINO … AGAIN” over the site of the Richmond Folk Festival last month, although it’s not clear who exactly hired the plane for this purpose. Hughes is heard saying, “No. 1, somebody needs to help this old man, because 85% of everybody at that Folk Festival comes from outside of the Richmond area. We worked it two years ago, and we couldn’t find nobody from Richmond.”

In an Oct. 24 clip, casino opponents Chipman and Richmond marijuana activist Chelsea Higgs Wise are called “self-hating Black folk” by “Richmond Grand Update” host Gary Flowers, who alleges that they were paid to oppose the casino. Chipman took to X on Friday to say that he has not been paid by the no-casino campaign. “This is false and I’ve never received nor would I receive a dime for this,” he wrote. Higgs Wise, meanwhile, posted on Facebook, “my NO isn’t funded. Your radio comments are repulsive.”

Goldman’s statement, which recalls his history as former Gov. L. Douglas Wilder’s campaign manager, continued with criticism of the pro-casino faction, specifically naming Stoney, Liggins, Hughes and Churchill Downs.

“The whole pro-casino side seem oblivious to the damage they have done to Richmond,” Goldman wrote. “Doug Wilder and I spent years trying to move our state and our city forward. We teamed up with then Lt. Gov. Tim Kaine and the late [U.S. Rep.] Donald McEachin to do that. So have others. But it sadly remains a long, difficult journey, with a long way to go. But as our slogan in his historic gubernatorial race said: We have come too far to turn back now.

“And this is why I feel the mayor, Alfred, Ms. Hughes, Churchill Downs and the whole pro side miss the true meaning of the damage they have done to Richmond. It isn’t merely their failure to apologize to all the people individually singled out. But to our city, as a whole, to our people, as a whole. For the love of money, for personal gain, they are willing to turn their casino project into a wedge of division, to attempt to win by a divisive strategy serving only their selfish interests.”

Pressing for the finish

The broader issue, amid these comments aired on Urban One-owned radio stations in Richmond, is the record-breaking pro-casino spending by Urban One and Churchill Downs, who would be partners in the Richmond Grand Resort & Casino if the referendum passes on Tuesday. In 2021’s effort, Urban One sank about $2.6 million into its pro-casino campaign; this year, the two corporations have donated more than $10 million to the Richmond Wins Vote Yes committee. Beyond the normal expenses of campaign mailers and advertising, the campaign hosted a free Isley Brothers concert next to an early voting location Saturday on the city’s South Side, not far from the casino’s intended site, and has been subsidizing meals at all three early voting sites in October and November.

On Friday morning, Flowers and guest co-host Clovia Lawrence, with Hughes speaking by phone, promoted the casino referendum and discussed plans on Saturday to host parties with free music and food in some of the city’s mostly Black neighborhoods, as well as to offer free rides to the polls on Tuesday.

The Federal Communications Commission’s rules regarding political speech on radio stations do not specifically address the issue of referendums, although the FCC fact sheet on political programming says that the agency does not “require broadcast stations and other regulatees to provide all sides of controversial issues.” Separately, the FCC’s “payola” regulations say that if a broadcast station has received or been promised payment for airing program material, the station must disclose that information when the material airs, but the rules do not address the discussion of business ventures by the radio station’s owner, as would apply to Urban One and the prospective casino.

Casino opponents, meanwhile, are working with a much smaller budget, with No Means No Casino having raised about $200,000 as of Oct. 31, according to the Virginia Public Access Project. They’ve made their cause visible with yard signs and letters sent to city residents, as well as the aforementioned airplane flying over the Richmond Folk Festival in October.

Sen. Kaine’s office said he was not available Friday to make a comment.

Nasdaq triggers delisting process for Urban One

Nasdaq has begun the delisting process for Urban One, the Maryland-based media company behind the proposed casino in Richmond, because it has not filed quarterly finance reports for fiscal year 2023 on time.

The stock exchange’s notification does not affect trading of Urban One or its presence on Nasdaq yet; according to a Friday news release by Urban One, the company will “request a hearing before a Nasdaq Hearings Panel. The hearing request will automatically stay any suspension or delisting action through Oct. 20, 2023.”

A spokesperson for Urban One said Monday there won’t be any impact on the current casino referendum campaign underway in Richmond.

Urban One acknowledged in its news release that it has not yet filed financial reports for the first and second quarters of fiscal 2023 with the Securities and Exchange Commission, due to errors related to its investment in RVA Entertainment Holdings, the limited liability corporation chosen in 2021 and 2023 as the operator for the proposed $562 million casino in Richmond, which is up for a second referendum vote in November.

In its Sept. 29 news release, Urban One says that it “identified certain errors with regard to the timing of expense recognition of non-cash stock based compensation and the accounting for the company’s investment in the operations of its Richmond casino joint venture, RVA Entertainment Holdings LLC, the activities of which primarily related to 2021.” To address the issue, Urban One says it is “currently evaluating the related accounting for the non-cash stock based compensation matter and if the Company’s investment in RVA Entertainment Holdings LLC should have been consolidated during the historical periods due to its then-75% ownership interest.”

In a July board meeting, the media company dismissed BDO as its independent accounting firm and hired Ernst & Young to serve as its public accounting firm for its fiscal year 2023, which ends Dec. 31.

Nasdaq previously notified Urban One of its late SEC filings in three letters this year, starting April 3, and the stock exchange previously gave the company a 180-day extension to file 2022 Form 10-K and the Q1 2023 Form 10-Q by Sept. 27. The 10-K form was filed in June, but the 10-Q form is still outstanding.

Urban One’s news release says that it “is in the process of completing its Q1 2023 Form 10-Q and anticipates filing the delinquent reports as soon as practicable after resolution of the discrete accounting issues” related to RVA Entertainment Holdings.

In an 8-K form filed by Urban One to the SEC on Sept. 28, the company reports $109.9 million in consolidated revenue during the first quarter of the year, ending March 31.

Urban One was the majority partner in the 2021 proposed casino in Richmond, with Peninsula Pacific Entertainment as minority partner, but the city’s referendum failed by 1,200 votes in November 2021. After much jockeying in the General Assembly, Richmond voters will once again vote this fall on a casino referendum, this time a proposal by Urban One and Churchill Downs, which bought PPE late last year and now owns the state’s Rosie’s Gaming Emporium franchise and Colonial Downs.

The renamed Richmond Grand Resort & Casino, if passed by voters, would include a 250-room hotel, a 3,000-seat concert venue, a $26.5 million upfront payment to the city government, an estimated 1,300 permanent jobs with an average salary of $55,000 and a predicted $30 million in annual tax revenue and $16 million over 10 years in charitable contributions.

According to Virginia Public Access Project’s finance report for political donations made through Aug. 31, Urban One and Churchill Downs contributed $8.14 million to the Richmond Wins, Vote Yes pro-casino PAC in August, more than three times the 2021 pro-casino campaign budget of $2.6 million.

October 2023 Top Five

The top five most-read daily news stories on VirginiaBusiness.com from Aug. 16 to Sept. 14, 2023, were led by the news that Bon Secours filed suit against Anthem in Henrico County Circuit Court.

1  |  Bon Secours sues Anthem for $93 million

The health system alleges that insurer Anthem Health Plans of Virginia owes unpaid claims. (Aug. 28)

2  |  Richmond casino reintroduced with new name

Urban One unveiled a new moniker for the $562 million resort casino city voters will reconsider in a fall referendum: Richmond Grand Resort & Casino. (Aug. 31)

Rendering courtesy Henrico County

3  |  Dominion Energy announces $14 billion sale of three natural gas companies

The Fortune 500 utility said it will sell three natural gas distribution companies to Canadian pipeline and energy company Enbridge. (Sept. 5)

4  |  Henrico County, Markel|Eagle acquire land for GreenCity

Henrico County and an affiliate of Markel|Eagle Partners agreed to purchase the 110-acre Scott Farm property for $35.1 million; the site will become part of the $2.3 billion GreenCity development. (Aug. 17)

5  |  Va. Lottery’s Gee tapped as next secretary of commonwealth

Gov. Glenn Youngkin appointed Virginia Lottery Executive Director Kelly Gee as secretary of the commonwealth after Kay Coles James stepped down to become a senior adviser to Youngkin’s Spirit of Virginia political action committee. (Aug. 29)

Casino backers gamble on November revote

On Aug. 31, a new name was unveiled for the proposed $562 million resort casino that Richmond voters will be reconsidering in a November referendum: the Richmond Grand Resort & Casino.

But not much else appears new about the project.

The Richmond Grand Resort & Casino seems virtually identical to the proposed ONE Casino + Resort that voters shot down in a 2021 referendum. Maryland-based Urban One once again is pitching the casino, joined by Kentucky-based Churchill Downs, which last year purchased the assets of Urban One’s previous casino partner, Peninsula Pacific Entertainment.

Just like the earlier pitch, the Richmond Grand proposal includes a 250-room hotel, a 3,000-seat concert venue and a soundstage where Urban One pledges to invest $50 million over 10 years in TV, movie and audio productions. Also like before, the casino promises to make a $26.5 million upfront payment to the city government and forecasts that it will create an estimated 1,300 permanent jobs and generate $30 million in annual tax revenue. If passed, it would be built on the same 100-acre South Side site proposed in 2021.

Urban One and Churchill Downs say the new pitch reflects an extensive survey of Richmond voters who supported and opposed the casino referendum two years ago.

Urban One CEO Alfred Liggins acknowledged at the plan’s rollout that although his media conglomerate knows plenty about advertising, it is new to amassing political support. According to state campaign finance records, Urban One gave $3.9 million and Churchill Downs donated $3.1 million to a pro-casino PAC in August — more than three times what was spent in 2021.

Churchill Downs, which owns the Kentucky Derby and is an investor in casinos in 13 states, is an equal partner in the project with Urban One. If the referendum passes, it will become a significant part of the company’s holdings in Virginia, which also include Colonial Downs in New Kent County and six Rosie’s Gaming Emporiums across the state.

Churchill Downs CEO William Carstanjen didn’t specify what his company plans to do if the Richmond casino referendum fails a second time.

“This is a project that needs to get done in Richmond … and we put together the team that can do it,” Carstanjen says. “Now we just have to take our message to the citizens of Richmond and convince them, and we think we can do that.”