Groundbreaking event for upcoming Virginia casino by The Cordish Companies
👋 Wassup! Turns out The Cordish Companies and Bruce Smith Enterprise are teaming up to bring some major excitement to Virginia. They've just broken ground on the Live! Casino & Hotel Virginia project.
Expected to cost a cool $1.4 billion, this joint venture promises to deliver heaps of new employment opportunities and a chunky load of tax revenue.
By the end of this year, gambling enthusiasts can even get a taste of what's to come with a temporary casino, featuring 33 live-action table games, 900 top-notch slots, and parking for 1,000 vehicles. Plus, a casino bar and quick-service restaurant will be thrown into the mix.
When the full-blown Live! Casino & Hotel finally opens its doors in 2027, it'll boast an impressive 200 luxury rooms, gym, pool, and a whopping 1,600 state-of-the-art slot machines. Sports fans can look forward to a sportsbook, 65 live-action table games, and a poker room with 22 tables. High rollers will find high-limit slot machines and table game areas that cater to their high-stakes needs.
But the fun doesn't stop there! The permanent Live! Casino & Hotel will also offer free parking, nearly a dozen food, beverage, and entertainment outlets, ensuring everyone leaves with a full belly and a smile on their face.
The city of Petersburg is set to reap the benefits of this project, expecting over $2.8 billion in economic stimulus over its first decade of operation. Around 7,500 new jobs are expected to come out of this project, with around 1,400 of those being permanent positions. When it comes to tax revenue, the city anticipates earning $240 million over that same decade.
Zed Smith, The Cordish Companies' COO, couldn't be more pumped about the project, saying, "Today marks a monumental day for The Cordish Companies as we expand our Live! brand into the Central Virginia region."
So, get ready, Virginia—it's time for some Live! Casino & Hotel fun! 🎰🎉🎉🥳🤑💰💸🥳🎉🎉🎰
[1] Based on data provided by The Cordish Companies.
- Estimated taxes from the Live! Casino & Hotel Virginia project, a joint venture between The Cordish Companies and Bruce Smith Enterprise, may amount to $240 million over its first decade of operation.
- Upon its completion in 2027, the Live! Casino & Hotel Virginia is expected to offer benefits such as 200 luxury rooms, a gym, pool, and an array of casino-games like 1,600 state-of-the-art slot machines, a sportsbook, and a poker room with 22 tables.
- Gambling enthusiasts in Virginia can anticipate temporary casino games starting from the end of this year, featuring 33 live-action table games, 900 top-notch slots, and parking for 1,000 vehicles.
- The Live! Casino & Hotel project is projected to bring substantial employment opportunities with around 7,500 new jobs, of which approximately 1,400 would be permanent positions, to the city of Petersburg.
