One of the nation’s largest casino operators appears to be stepping in to help get the Pamunkey Indian Tribe’s Norfolk casino project off the ground.
According to city documents expected to go before city council in the coming weeks, Boyd Gaming is set to become a majority owner in the tribe’s development partner for its long-awaited Norfolk casino.
Boyd will own the majority interest in Golden Eagle Consulting, the company created by gambling billionaire Jon Yarbrough to develop the casino with the Pamunkey, by the time it closes on the city-owned land next to Harbor Park.
The tribe itself will also take an equity stake of at least 20% in Golden Eagle.
