May 21, 2021, 9:56 am ·
The $600 million ONE Casino + Resort project promoted by media company Urban One and Colonial Downs has been recommended by a special casino advisory panel to move forward for consideration by the Richmond City Council and residents of the Virginia city, news emerged Thursday.
If city leaders approve the proposal, it will then need to be approved by voters in a citywide referendum in November. If it gains a majority of yes votes, the hotel and casino resort will be the first black-owned gambling complex in the country.
Based in Maryland, Urban One is a media conglomerate focused on urban content. The company owns and operates 55 radio stations around the US and the TV One cable network.
Officials in Richmond have finally chosen a casino project for the Virginia capital city. Urban One’s One Casino + Resort is the plan that the city wants to go with this November on a voter referendum. The city decided to wait to allow voters to decide on casino gaming in Richmond and choose a plan to hopefully help move the process along.
Mayor Levar Stoney is now set to introduce the casino plans to the Richmond City Council this coming Monday. The goal is to see the partnership with Urban One approved. The media conglomerate based in Washington would like to build a casino on property that is owned by Philip Morris USA.
If Richmond, Virginia, voters approve a proposed casino in their city this fall, Silver Spring, Maryland-based Urban One will own and operate it. It would make the casino, currently named One Casino + Resort, the first majority Black-owned casino in the country.
If Richmond, Virginia, voters approve a proposed casino in their city this fall, Silver Spring, Maryland-based Urban One will own and operate it.
It would make the casino, currently named One Casino + Resort, the first majority Black-owned casino in the country.
A Richmond city selection panel chose Urban One over several other bids, including one from Baltimore-based Cordish Cos., the owner and operator of Maryland’s Live! Casino & Hotel in Arundel Mills.
Richmond s casino evaluation panel all in on ONE Casino + Resort wtvr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wtvr.com Daily Mail and Mail on Sunday newspapers.