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Petersburg prepares for casino referendum vote
This November, Petersburg voters will decide the fate of a highly anticipated casino development that could transform the city’s struggling economy. If approved, the proposed $1.4 billion Live! Casino & Hotel Virginia project will be built on an undeveloped 100-acre site off Interstate 95, offering easy access to East Coast travelers. “I have worked for […]
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, […]
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 […]
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. […]
Richmond casino returning to Nov. ballots
It wasn’t exactly a surprise, but the Virginia Lottery and the Richmond Circuit Court have approved Richmond’s do-over casino referendum to appear on ballots this fall. “I am excited to see the Virginia Lottery and the Richmond Circuit Court approve the referendum for a Richmond destination resort and entertainment venue that will provide 1,300 good-paying […]
Second Petersburg casino bill dies in Senate committee
Updated Friday, Feb. 17 Petersburg voters won’t get an opportunity to approve a casino this fall, and Richmond may get a second chance to vote on a casino referendum in 2023, state legislators decided Thursday in a 10-6 vote. However, the matter could come down to last-minute state budget negotiations. The Virginia State Senate’s Finance […]
Petersburg casino bill moves to Senate committee
A Virginia State Senate bill that would allow Petersburg residents to vote on allowing a casino in their city is still in play, following a 7-2 vote by the Senate gaming subcommittee Thursday. The bill will progress to a General Laws and Technology committee vote Wednesday. The bill from Sen. Joe Morrissey, D-Richmond, adds Petersburg […]
Richmond casino rejected by voters
Updated 4:20 p.m. Wednesday Richmond voters on Tuesday rejected the proposed $565 million ONE Casino + Resort by about a 1,200-vote margin. The project’s developer, Silver Spring, Maryland-based media company Urban One Inc., acknowledged the referendum’s defeat in a statement Wednesday, as did the city’s mayor. With “no” votes outnumbering yeses, Richmond became the o[...]
