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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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 + […]
Richmond lodge appeals court’s casino ruling
A Richmond nonprofit organization is continuing its effort to block the city’s do-over casino referendum — even though the measure is already on ballots and early voting is underway. Richmond Lodge No. 1 of the Good Lions this week filed a notice to appeal an August decision by a Richmond Circuit Court judge who ruled […]
Richmond casino reintroduced with new name
The corporate backers of a $562 million Richmond casino on Thursday unveiled a new name for the resort casino city voters will consider approving this fall: Richmond Grand Resort & Casino. But not much else appears to be new about the proposed project. Many of the features of the proposed ONE Casino + Resort that […]
Hospitality | Tourism 2023: JIM McGLOTHLIN
McGlothlin has always had an innate sense for a good business opportunity. He built a fortune from coal mines and then pivoted to hospitality as the coal business began to recede. A William & Mary alumnus, McGlothlin has a bachelor’s degree in psychology and a law degree. He started out as a lawyer in Grundy, […]
Hospitality | Tourism 2023: CLYDE STACY
A former coal mining executive who headed Rapoca Energy, Stacy is a prominent developer and investor in his hometown of Bristol. He purchased the vacant Bristol Mall for $2.6 million in 2018 and partnered with longtime friend Jim McGlothlin, chairman of The United Co., to build Virginia’s first casino. The two friends were instrumental in changing state […]
Ruling clears way again for Richmond casino referendum
A Richmond Circuit Court judge issued another ruling Wednesday clearing the way for a Richmond casino referendum to appear on ballots this November. Richmond Circuit Court Judge W. Reilly Marchant ruled against the Richmond Lodge No. 1 of the Good Lions Inc., a nonprofit organization that had filed a motion to block the casino vote. […]
