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Live! Casino & Hotel Richmond Reaches One of the Largest Minority Equity Investments in Virginia's History


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RICHMOND, Va., May 12, 2021 /PRNewswire/  The Cordish Companies announced today a historic achievement in providing opportunities for generational wealth building for Minority communities. The Company, along with its 50% Minority partnership team led by prominent Virginia businessman and Pro Football Hall of Fame legend, Bruce Smith, shared it has achieved $180 million in direct Minority investment for the proposed $600 million Live! Casino & Hotel Richmond resort. The Company will also be offering additional investment opportunities for small, Richmond-based Minority companies and individuals to participate in the project. With a combined $360 million of equity investment in the project, Live! will carry half the debt of the competing proposal and ensure the financial viability and success of the development. ....

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