Churchill Downs Chosen As The Preferred Casino Partner In Richmond, But Opposition Remains

CDI and its joint companion City One had been chosen as the City of Richmond’s hottest casino partners, nevertheless opposition to a casino within town stays. [Image: Shutterstock.com]

Churchill Downs Incorporated (CDI) and its joint companion City One were chosen as the City of Richmond’s hottest casino companion. This partnership smooth wants approval from the Virginia Lottery Department, as neatly as a local referendum.

$562m casino and entertainment venue

CDI is hoping to produce a $562m casino and entertainment venue within town. Richmond gained the flexibility in 2020 to bear a casino to relief with financial vogue, nevertheless native opposition has resulted in delays.

CDI is the proprietor of the present Churchill Downs Racetrack, which hosts the Kentucky Derby. It also has many various racing and casino properties below its umbrella across the US.

Senator Joe Morrissey is one of many well-known opponents to the design and is asking locals to vote in opposition to a casino challenge as soon as extra. The earlier referendum on this kind of casino challenge in November 2021 changed into as soon as shut, with residents in desire of a casino narrowly shedding, 51%-49%.

While City One and Peninsula Pacific Entertainment had been the partners for that tell challenge, CDI obtained the majority of Peninsula Pacific for $2.5bn final year. The Kentucky-based mostly utterly racing and casino company is asking to amplify its presence within the regional gambling sector.