The preliminary stage of the mission would come with a 200-room lodge and eating and retail amenities 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 mission can be accomplished in about two years. In 2020, the Normal 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 may help casinos. The Fee’s research, launched on October 17, mentioned that the proposed on line casino in Petersburg may 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 couple of,000 jobs throughout the identical time-frame.
If each cities develop casinos, the Fee mentioned that the Petersburg facility would scale 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.
