Virginia: Richmond council passes casino legislation, selecting Urban One, Churchill Downs JV as preferred operator

Monday, June 12, 2023 8:40 PM
  • Kate Andrews, Virginia Business

Richmond City Council on Monday selected RVA Entertainment Holdings LLC — a joint venture between Urban One Inc. and Churchill Downs Inc. — as the city’s preferred casino operator, one of several administrative steps the city must take before a Mulligan casino referendum lands on ballots in November, asking voters to reconsider allowing the proposed $562.5 million ONE Casino + Resort to be built in Richmond.

Council members also voted to execute a host community agreement between the city and RVA Entertainment Holdings, as well as a community support agreement between the city, developer RVA Entertainment Holdings and Richmond VA Management LLC (the entity that would manage the casino).