Study: Market Can Support Casinos in Both Petersburg and Richmond

It is economically feasible to build casinos in both the City of Richmond and the City of Petersburg, according to a study from the Joint Legislative Audit and Review Commission (JLARC). Legislators ordered the study amid lobbying to give Virginia’s last casino license to Petersburg after Richmond voters rejected a casino in 2021.

“Demand is sufficient in the Petersburg market to support a casino,” said bullets in a JLARC briefing presented Monday

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Second Richmond Casino Referendum off the November Ballot

Richmond’s Office of Elections is removing a second referendum on whether or not to approve a casino in the city, after developers and city officials backed down in the face of opposition from the General Assembly.

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City of Richmond Officials, Casino Developers Threaten Legal Action After General Assembly Blocks 2022 Casino Referendum

The recently-passed Fiscal Year 2023-2024 budget includes language blocking the City of Richmond from holding another casino referendum until November 2023. Richmond officials have called for a 2022 referendum after voters rejected a casino in 2021, but Senator Joe Morrissey (D-Richmond) is instead pushing for Petersburg to be granted a casino license, and on Thursday afternoon, Richmond officials and the casino developers suggested they were considering legal action.

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Budget Proposal Includes New Marijuana Misdemeanor, Blocks Richmond Casino License for Now

The General Assembly is expected to vote Wednesday on a budget compromise hammered out by top money legislators from House Republicans and Senate Democrats. The proposal includes tax and spending policy, but also includes legislation that would fund lab schools, block a Richmond casino for now, and create new marijuana misdemeanors for possession of more than four ounces of marijuana in public.

Executive Director of Virginia NORML JM Pedini said in a recent update that there had been the potential for three class six felonies.

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Grassroots Kills Richmond Casino Despite Nearly $2 Million in Campaign Spending

Richmond voters decided against the One Casino + Resort proposal 51.44 percent to 48.56 percent of votes in Tuesdays’ referendum, according to unofficial results at The Virginia Public Access Project. That’s despite $1.9 million in funding for the campaign, and major endorsements including Mayor Levar Stoney, rapper Missy Elliott, and actor Jamie Foxx. Democratic gubernatorial candidate Terry McAuliffe endorsed the casino, and his opponent governor-elect Glenn Youngkin approved of the proposal. Senator Tim Kaine (D-Virginia) was the only major figure to speak against the proposal.

“They had everything you could want. Massive endorsements from everybody, all the big shots,” Paul Goldman said.

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Richmond City Council Approves November Referendum on One Casino Proposal

  The ONE Casino proposal will go to a Richmond voter referendum in November, after the City Council approved a recommendation from an evaluation panel. On Monday evening, the Council and the public discussed the proposal. Proponents said the casino would provide an economic boost for the Southside Richmond area…

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Richmond Moves Forward with Southside Casino Proposal

Ocean Casino Resort

An evaluation panel has selected its preferred casino operator and site to be approved by the Richmond City Council, before the proposal heads to the November ballot for approval by voters. The city received six potential proposals and selected the ONE Casino + Resort proposal that would be located at Commerce Road and Walmsley in Southside Richmond.

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