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Bally s Corp ruled out in Richmond

In Virginia, after narrowing the field of bidders for a resort casino down to three finalists last month, the city of Richmond has now eliminated Bally’s Corporation and its $650 million casino proposal from the shortlist of proposed projects, leaving just two suitors, The Cordish Companies and Urban One, in the running, according to a Wednesday morning announcement from Mayor Levar M. Stoney’s press secretary. According to the official release, environmental factors, along with concerns regarding site access, and whether or not required approvals from non-city entities would be granted or extend the project timeline, all contributed to the Evaluation Panel’s decision to drop the proposed Bally’s Richmond Casino Resort and the project’s proposed site of Parkway Crossings from further consideration.

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Bally s misses out as City of Richmond cuts casino resort shortlist to two

Bally’s misses out as City of Richmond cuts casino resort shortlist to two 22nd April 2021 | By Robert Fletcher Bally’s Corporation’s bid to build a new casino resort in the City of Richmond, Virginia has failed after it missed out on the final shortlist of proposed operators for the facility. Last month, Bally’s Richmond Casino Resort was named alongside Live! Casino & Hotel Richmond from the Cordish Companies and One Casino + Resort from Maryland-based media business Urban One as the three proposals that the City of Richmond was considering to run the casino. However, after the City Council’s Evaluation Panel held negotiations with the three finalists, it reduced its shortlist of potential operators, with Bally’s missing out on the final cut, leaving only Live! and One Casino + Resort.

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Bally s Corporation Issues Statement Regarding Richmond s Casino Resort Decision

Bally s Corporation Issues Statement Regarding Richmond s Casino Resort Decision
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Bally s crossed off Richmond shortlist of casino proposals

Bally s crossed off Richmond shortlist of casino proposals
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Bally s Corporation Announces Plan For Richmond Residents To Participate In Equity Ownership Of Bally s Richmond Casino Resort

Bally s Corporation Announces Plan For Richmond Residents To Participate In Equity Ownership Of Bally s Richmond Casino Resort Crowdfunding Platform Will Be Utilized To Provide Access For All Richmond Residents To Make Investments Program Initiated Based Upon Strong Feedback From RVA Community Meetings Conducted in Partnership with Richmond Entrepreneur David Walton News provided by Share this article Share this article PROVIDENCE, R.I., April 16, 2021 /PRNewswire/ Bally s Corporation (NYSE: BALY), the developer and operator of the proposed $650 million Bally s Richmond Casino Resort, and finalist in the City s casino selection process, today announced that it will provide the opportunity for all Richmond residents to purchase an equity interest in, and become partial owners of, Bally s Richmond. David Walton, a Richmond-based serial entrepreneur, most known for founding the Black Pages of America, will be partnering with Bally s to roll out the program and will be provid

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