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Urban One chosen to build Richmond casino resort

20 May 2021

Mayor Stoney will introduce the proposed project to City Council on 24 May.

Mayor Stoney will introduce the proposed project to City Council on 24 May. (photo by ONE Casino Resort)

(PRESS RELEASE) -- The city’s Resort Casino Evaluation Panel has recommended that the ONE Casino + Resort move forward as the city’s preferred casino gaming operator at the proposed site on Walmsley Boulevard in South Richmond. The Evaluation Panel’s recommendation is supported by Mayor Stoney.

“ONE Casino + Resort presents a tremendous opportunity to develop a resort casino project in Richmond,” said Mayor Levar Stoney. “The project will create over 1,000 good paying jobs, generate a significant amount of new revenue for the city, and establish an additional economic engine in South Richmond. I applaud the work of the Evaluation Panel in their vetting of the proposals and engaging the entire city throughout this project.”

ONE Casino + Resort was proposed by Urban ONE in partnership with Peninsula Pacific Entertainment. Urban ONE is a publicly traded integrated media company. Peninsula Pacific Entertainment owns and operates several casinos and Rosie’s Gaming Emporiums in Virginia.

“ONE is thrilled the Richmond casino selection committee has chosen the best project with the best location and best team to develop a world-class entertainment destination in Richmond’s Southside, said Alfred Liggins, CEO of Urban One. “Urban One and our diverse group of local investors are fully committed to creating good paying jobs with profit-sharing for employees, pathways to successful careers, and generating significant new tax revenues that can improve Richmond’s schools and fund community programs and infrastructure.”

The Evaluation Panel made its recommendation based on factors including the project’s feasibility and sustainability, proposed location, economic development impact, financial revenue impact, and community benefits.

Mayor Stoney will introduce the proposed ONE Casino + Resort project to City Council on Monday, 24 May 2021. Per legislation approved by the Virginia General Assembly, City Council will be asked to petition the court so that a referendum on casino gaming in the City of Richmond can take place during the 2 November 2021 election.

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