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How a Richmond casino could impact the city.
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How a Richmond casino could impact the city.
In reality, the money at stake supersedes all else. This business is so profitable that there are no tax incentives attached to the project, or other government subsidies, which means there are no real clawback mechanisms if the casino developers fail to deliver what’s been promised. It boils down to a simple question: Is it worth the risk?
Virginia could have its fifth casino if a local referendum passes in November, though Richmond voters rejected it the first time.
A proposal would extend casino gambling into central Virginia. The Richmond Grand Resort and Casino is a $562 million proposal by Black-owned multimedia conglomerate Urban One and new partner, Churchill Downs.
Virginia could have its fifth casino if a local referendum passes in November, though Richmond voters rejected it the first time. The proposal would extend…