The preliminary stage of the challenge would come with a 200-room resort and eating and retail services within the 230,000-square-foot on line casino constructing. Topic to state approval of Petersburg as an eligible host metropolis permitting on line casino gaming, the primary section of the challenge could be accomplished in about two years. In 2020, the Common Meeting accepted on line casino gaming in 5 different cities following the voters’ approval.
Regulator’s evaluation:
Voters in Richmond accepted just one on line casino resort proposed in South Richmond in 2021. After the revision sought by Richmond, Joint Legislative Audit and Overview Fee discovered that each cities might assist casinos. The Fee’s research, launched on October 17, stated that the proposed on line casino in Petersburg might yearly generate $204 million in gaming income and create about 1,300 jobs. The research additionally assessed {that a} on line casino in Richmond would generate about $300 million and a pair of,000 jobs throughout the identical timeframe.
If each cities develop casinos, the Fee stated that the Petersburg facility would cut back the annual gaming income by $64 million and native taxes by round $4 million. Such a scenario would additionally create 300 fewer jobs on the Petersburg on line casino.
