Churchill Downs Inc. is divulging details as to why it believes spending nearly $2.5 billion to acquire casino operator Peninsula Pacific Entertainment (P2E) is a sound bet. It largely has to do with the Colonial Downs Racetrack in New Kent, Virginia. Speaking with the Richmond Times-Dispatch, Churchill Downs CEO Bill Carstanjen says despite horse racing’s […]
The nation’s leading casino union has come out in opposition to efforts in Richmond, Virginia, to ask city residents again to authorize a commercial gaming resort. Unite Here Local 25 represents some 7,500 workers in the hotel, restaurant, and casino industries in the DC metro, including in Northern Virginia. The trade group is part of […]
Churchill Downs Inc. agreed last month to acquire most of Peninsula Pacific Entertainment’s (P2E) assets for $2.485 billion. The takeover includes the casino operator’s development agreement with Urban One for a project in Richmond, Virginia, should voters there approve of the nearly $600 million proposal. Urban One, a Black-focused media conglomerate, is partnered with P2E […]
A Virginia budget proposal approved by the Senate Finance & Appropriations Committee would prevent Richmond from again asking residents for at least a year whether they support bringing a casino to the capital region. The 2022 Budget Bill — as the cluster of associated legislation is collectively identified — includes a provision that would essentially […]
Bringing a casino to Petersburg, Va., was a short-lived dream for those who supported the effort, most notably Virginia state Senator Joe Morrissey (D-Richmond). Morrissey introduced Senate Bill 203 soon after voters in Richmond rejected a local ballot referendum last November regarding a commercial casino development. Richmond was one of five cities in Virginia that […]
City officials in Petersburg, Va., say there will be no backroom deals should it receive state approval to move forward with considering a commercial casino resort. Residents in Richmond last November narrowly rejected a local ballot question seeking the public’s authorization of a proposed $565 million project called ONE Casino + Resort. That’s when state […]
The Rose Gaming Resort, a nearly $400 million undertaking in Prince William County, Va., southwest of the nation’s capital, is officially under construction. Colonial Downs Group is behind the $389 million gaming resort in Dumfries that will replace a landfill that’s been operational for the past 37 years. The Potomac Landfill, located along I-95, accepted […]
A Richmond City Council committee this week advanced two resolutions that seek to allow the Virginia capital to hold a second vote on a proposed $565 million casino resort. Richmond residents faced a local referendum during last November’s election regarding a proposed commercial development called ONE Casino + Resort. Richmond voters narrowly rejected the casino […]
A $565 million Richmond casino referendum was closely rejected during the November 2021 election. With more affluent neighborhoods where the population skews white being cited for the project’s dismissal, the mayor of the Virginia capital says the outcome was yet another disappointment to minority residents. Richmond Mayor Levar Stoney (D) spoke recently with the Richmond […]