May 7, 2021, 7:21 am ·
One of the rejected bidders in Richmond’s casino race has threatened to sue the Virginia city over its selection process for a preferred developer and operator of a Las Vegas-style gambling resort.
Richmond received six bids during its request for proposals process and in late March culled half of them.
Casino operator Golden Nugget teamed up with year-old entity Bet on Gaming Holdings LLC to jointly table a project for a
$400 million hotel and casino that would have been located about six miles from downtown Richmond. The proposal was one of three rejected by the city in late March.
Virginia s Horse Racing Industry Touts Economic Impact patch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from patch.com Daily Mail and Mail on Sunday newspapers.
“And they’re off.” When it comes to the horse racing industry in Virginia and the economic impact it is generating, that’s an appropriate metaphor. According to a newly released study, the industry generated an estimated economic impact of $542.1 million in the Commonwealth in 2019.
“What we’re finding is that jobs are coming back, horse racing-related expenditures are up, and tax revenue to the state is increasing,” said John Hannum, Executive Director of the Virginia Equine Alliance. “These are all very positive signs that the racing industry is moving in the right direction and benefiting the Commonwealth s agribusiness and related businesses. Racing was at a low point in 2014 after the closure of Colonial Downs’ racetrack. The General Assembly took a number of steps, most notably the passage of Historical Horse Racing machines in 2018, that provided the revenue to re-open the track and fund the revitalization of the industry. The study points to the enormous st