Richmond, VA Enters New Stage in On line casino Choice Course of

0
72


The Virginia Metropolis of Richmond introduced late final week that its Resort On line casino Analysis Panel has entered the following section of its ongoing on line casino choice course of.

The unit has been assembled to evaluate proposals from corporations to function a Las Vegas-style on line casino resort within the metropolis and suggest a most popular bidder to the Richmond Metropolis Council.

Throughout its request for proposals course of between December and February, town acquired six bids. It culled three of the proposed tasks in March and eradicated a fourth one in late April. The Cordish Corporations of Baltimore and a three way partnership between media company City One and Colonial Downs are the one two provides left within the race for the gaming license.

Town introduced on Friday that the Analysis Panel is set to launch the negotiation section within the choice course of. That is truly the ultimate a part of the multi-phase strategy of choosing a most popular on line casino developer. At its finish, the panel will suggest one of many two bids which might be nonetheless in competition to Richmond Mayor Levar Stoney.

The analysis unit mentioned it expects to have its advice prepared by the tip of Might. Stated advice will handle which of the above two operators and which proposed location could be placed on the November 2 poll.

Below Virginia on line casino regulation, residents of town may have the ultimate say on whether or not Richmond will host a on line casino by casting their vote on the matter in a citywide referendum.

Authorized Problem Threatens to Complicate Issues

If the Metropolis Council approves the Analysis Panel’s really useful proposal, it’ll then need to be assessed by the Virginia Lottery inside a 45-day interval after being submitted to the regulator. Richmond officers can even need to safe a court docket order to get the chosen on line casino plan on the upcoming poll for the ultimate voter approval.

Nevertheless, the method may hit a giant snag as one of many 4 bidders whose tasks have been rejected plans to sue town, questioning its choice course of.

Dennis Cotto, a Northern Virginia lawyer and a associate and precept of Guess on Gaming Holdings, an organization that had teamed up with Golden Nugget to collectively bid for the proper to construct Richmond’s on line casino, mentioned final week that each time he had participated in bids prior to now and had misplaced them, he had gotten a debriefing. On this case, he was informed there could be no debriefing, which implies that the eradicated corporations wouldn’t be capable of search redress or attraction of Richmond’s determination relating to their on line casino tasks.

Mr. Cotto mentioned he would file his lawsuit in Richmond Circuit Court docket later this month. Pending litigation may stop the court docket from issuing an order for the required citywide on line casino referendum and trigger main disruption within the choice course of.

Supply: Metropolis of Richmond shifting into subsequent section of on line casino course of, ABC 8News, Might 7, 2021





Supply hyperlink

Leave a reply