Rejected Richmond On line casino Bidder Contemplates Authorized Motion


One of many rejected bidders in Richmond’s on line casino race has threatened to sue the Virginia metropolis over its choice course of for a most well-liked developer and operator of a Las Vegas-style playing resort.

Richmond obtained six bids throughout its request for proposals course of and in late March culled half of them.

On line casino operator Golden Nugget teamed up with year-old entity Guess on Gaming Holdings LLC to collectively desk a undertaking for a $400 million lodge and on line casino that might have been positioned about six miles from downtown Richmond. The proposal was certainly one of three rejected by the town in late March.

Dennis Cotto, a Northern Virginia lawyer and a companion and precept of Guess on Gaming Holdings LLC, is now trying to sue the town, questioning its choice course of and most notably Richmond leaders’ insistence that Virginia and metropolis procurement legal guidelines don’t apply on this occasion.

Mr. Cotto argues that the Richmond Metropolis Council has no authority to disregard state procurement legal guidelines that might have granted his firm and Golden Nugget an administrative course of. Stated course of would have enabled them to hunt redress or attraction of the elimination of their bid from the race.

The lawyer advised native media that he had lodged a criticism with the Virginia Lottery, however to no avail, because the state-run company refused to intervene. In accordance with the Lottery, the state’s just lately amended on line casino legislation grants Richmond full management over its number of a most well-liked on line casino developer and operator.

Legal professional Able to Begin Authorized Battle over On line casino Choice Course of

Final month, Mr. Cotto additionally turned to Virginia Legal professional Basic Mark Herring to analyze the matter, however has not heard from him since then. The lawyer stated that the one possibility left earlier than him is to file a lawsuit in order that the matter is set in court docket. He plans to lodge his authorized criticism in Richmond Circuit Court docket later in Could.

A authorized movement might probably disrupt the on line casino choice course of, with the race now being down to simply two rivals – The Cordish Firms of Baltimore’s $600 million Reside! On line casino & Resort Richmond scheme and City One and Colonial Downs’ $517 million ONE On line casino + Resort complicated. Late final month, the Richmond Metropolis Council nixed a $650 million lodge and on line casino resort plan pitched by Bally’s Company.

Mr. Cotto elaborated that he had misplaced bids earlier than, however had at all times obtained a debriefing. On this case, he was advised that there could be no debriefing. The Northern Virginia lawyer believes he has a powerful case, citing state procurement ordinances and noting that Richmond has ignored these ordinances and has thus denied all the rejected bidders’ proper to due course of.

With simply two firms left in rivalry, the town’s inner analysis panel is now set to suggest a finalist. That is anticipated to occur later in Could. The Metropolis Council will then must approve the beneficial bidder.

The chosen proposal will then be reviewed by the Virginia Lottery inside a 45-day interval. The Metropolis will lastly must safe a court docket order to get the chosen developer and their undertaking on the November 2 poll for voter approval. Richmond residents may have the ultimate say on the matter.

Nevertheless, pending litigation might forestall the court docket from issuing the citywide on line casino referendum order.

Supply: Rejected on line casino group threats authorized problem to metropolis choice course of, Richmond Free Press, Could 6, 2021

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