Casino in Richmond, Urban One Pitches
Urban One has made a public song on Wednesday night to create a $517 million casino at Richmond, with the local presence and distinction of being the first Black-owned casino in the United States.
In all three days kasino langsung, the people of Richmond have heard a favourite operator choose in May in the area, the second of three presentations. Cordish Firms made a 600 million dollars casino on Tuesday, and Bally’s presentations round out.
Betting on sports
Virginia, which started betting on sports in mid-January, is widening its potential. In addition to sports betting, the state made brick-and-mortar casinos legal for five cities. Voting in four of those towns approved casinos in November 2020. There was a separate time schedule for Richmond and after November voters would not get their voice at a casino.
Describing themselves as a “urban media firm,” Urban One has partnered in New Kent’s Colonial Downs Race track and in Rosie’s Gaming Emporium with P2E in the proposed casino, which was developed in Virginia through its restructuring.
Also newly opened in Richmond a corporate office in Iowa, California and Idaho, P2E, which owns Hard Rock Casino and its Diamond Jo holdings, in Iowa and del Lago Casino, in the Upper part of New York.
Urban One acknowledged that the casino had a retail sportsbook during its announcement but added that it had yet to settle on a sports operator.
The casino suggested by Urban One will be situated on the 8th district on a manufacturing site—on a tract of land formerly run by tobacco giant Phillip Morris. CEO Andrew Liggins of Urban One, who led the presentation said that the casino is 90,000 square metres high.
The area will also include a wetland and a railway track to act as barriers to restrict travel around communities. The property now has a boutique 150-room hotel, and a 100-acre “padding” allows the expansion of up to 350 additional rooms in addition to the casino. It will have 12 bars and restaurants with local restaurants commitments.
A 3,000-seater Raise Theatre will be sold for music and entertainment, and the company will use the Live Country to book up to 200 performances annually. The establishment of a television and radio studio on the land of 15,000 square foot would be a special addition.
Community extension, jobs and economic effects
Urban One has outlined a pledge of 30 million US dollars for Richmond, which was split into four sections: education, work force, housing and community sponsorships. The largest item was 10 million dollars for subsidised housing on the south side of the city, while 5.5 million dollars will be focused “globally” to children, which covers out-of-school programming and bursaries.
Liggins intended to establish 1,500 permanent workers in the new casino. The gross salaries and benefits would be $ 55,000 a year, and the starting pay of $ 15 would meet Cordish’s suggestion. There will also be a benefit-sharing scheme for workers, which will theoretically contribute $3,000 to $5,000 per year by the end of the year.