{"id":464728,"date":"2021-03-24T21:25:55","date_gmt":"2021-03-25T01:25:55","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=464728"},"modified":"2021-03-24T21:25:55","modified_gmt":"2021-03-25T01:25:55","slug":"ballys-selected-as-a-finalist-in-bid-to-develop-and-operate-a-casino-resort-in-richmond-virginia","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ballys-selected-as-a-finalist-in-bid-to-develop-and-operate-a-casino-resort-in-richmond-virginia\/","title":{"rendered":"Bally’s Selected As A Finalist In Bid To Develop And Operate A Casino Resort In Richmond, Virginia"},"content":{"rendered":"
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RVA-Focused Project Will Support Local Businesses and Stimulate Economic Activity<\/h2>\n

Strategic Community Partnerships and Innovative Development Programs Will Foster Alliance with Greater RVA Community<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

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\n PROVIDENCE, R.I.<\/span>, March 24, 2021<\/span> \/PRNewswire\/ —\u00a0The “Bally’s<\/span> Richmond Casino Resort<\/a>,” a proposed $650 million<\/span> world-class destination resort, hotel and casino, was selected today as one of three finalists by the City of Richmond’s<\/span> Evaluation Panel to host a casino gaming establishment. Bally’s<\/span> proposal represents the largest casino resort project and the largest upfront payment to the City at $100 million<\/span>. The Evaluation Panel made its determination<\/a> after a thorough review of six proposals submitted in late February 2021<\/span>. Bally’s<\/span> encourages residents, business owners and leaders within the City of Richmond<\/span> to visit BallysRichmond.com<\/a> for more information and to follow the #BallysForRVA social media campaign on Twitter<\/a>, LinkedIn<\/a>, Facebook<\/a>, Instagram<\/a> and YouTube<\/a>.<\/p>\n

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\n George Papanier<\/span>, President and Chief Executive Officer of Bally’s<\/span> Corporation, said, “We are excited and honored to have been selected as a finalist and have the continued opportunity to partner with the City of Richmond<\/span>, its residents and businesses on this campaign. The Bally’s<\/span>Richmond<\/span> is truly a Richmond<\/span>-first project, dedicated to supporting local businesses and minority organizations by driving job creation and developing sustained economic opportunities. We are confident that our proposal will provide incomparable economic benefits to the greater Richmond<\/span> community, and we look forward to continuing our dialogue to prove to the City and its various stakeholders that Bally’s<\/span> is for RVA.”<\/p>\n

The Bally’s<\/span>Richmond<\/span> will be strategically situated on a 61-acre parcel located at the intersection of the Powhite and Chippenham Parkways. Bally’s<\/span> is currently working with its civil and traffic engineers, who have been conducting various surveys and assessments, to ensure multiple access routes into and out of the property that are not only convenient for patrons, but also efficiently direct traffic away from local major roadways. Bally’s<\/span> is also committed to preserving and enhancing the natural beauty of the site, including the natural, wooded surrounding and wetlands, which it intends to seamlessly integrate into its overall design.<\/p>\n

Papanier continued, “We are committed to the local RVA community that will serve as the host for our project, and look forward to working with community leaders and residents to address any concerns they may have.”<\/p>\n

\n Bally’s<\/span> proposal is also supported by multiple leaders of the greater Richmond<\/span> community, including the Lanier Family (Willie Sr. and Willie Jr.), and Warren Thompson<\/span>, Founder, President and Chairman of the Board of Thompson Hospitality Corporation. Additionally, the Virginia Asian Chamber of Commerce has committed its exclusive support to the Bally’s<\/span>Richmond<\/span> project, while the Carolinas-Virginia Minority Supplier Development Council and the Northern Virginia Black Chamber of Commerce have committed their support. Through these partnerships, Bally’s<\/span> will: <\/p>\n