Advertisement

Header Utility Menu

  • Subscribe
  • Advertise
  • Contact Us
  • Events

LinkedIn Facebook Twitter Instagram Get Our App

  • Login

Virginia Business

Mobile Menu

  • Issues
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Startups
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • 2022 Virginia Business Political Roundtable
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Advertisement

Header Primary Menu

  • Issues
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • Issues Archive
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Startups
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • 2022 Virginia Business Political Roundtable
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Home News Va. Lottery Board advances Portsmouth casino

Va. Lottery Board advances Portsmouth casino

Pre-certification of Rush Street Gaming casino necessary for Nov. local gaming referendum

Published July 15, 2020 by Sydney Lake

The city of Portsmouth announced Wednesday that its preferred casino gaming partner, Chicago-based Rush Street Gaming, has been pre-certified by the Virginia Lottery Board to operate a Virginia casino.

The pre-certification is necessary to move forward with a local gaming referendum in November. 

“We are grateful for the Lottery Board’s diligence on this matter and for Virginia’s openness to a long-term partnership with our organization,” Jacob Oberman, Rush Street Gaming senior vice president of development, said in a statement. “Moving forward with the referendum is a positive step for Portsmouth and for the commonwealth. We’re excited to bring new jobs, opportunities for local businesses and increased tax revenue to benefit the entire community.”

Legislation passed by the General Assembly allowing five economically challenged cities to host one commercial casino each became legal on July 1. Hard Rock and Caesars Entertainment are planning resorts in Bristol and Danville, and the Pamunkey Indian Tribe has received city approval for its casino in Norfolk and is bidding in Richmond. Investors must put in at least $300 million, which Rush Street Gaming expects to do. The casinos are anticipated to bring in more than $1 billion in total revenue to the state.

The Rush Street Project alone is anticipated to generate $16.3 million in annual tax revenue for Portsmouth and $260 million in annual regional GDP. The Portsmouth Economic Development anticipates that the casino will create 1,400 construction jobs, 2,000 permanent jobs — and $62 million annually in wages, salaries and tips. 

The Portsmouth City Council will vote on the casino gaming referendum during its virtual July 16 meeting. The casino would be located along Interstate 264 in what will be deemed as the Entertainment District in Portsmouth. The entire project is expected to include a casino, an entertainment venue, restaurants and a sportsbook.

“Pre-certification by the Virginia Lottery Board is a vote of confidence by the commonwealth’s experts on our choice of preferred partner, and we could not be more excited for the Rush Street team to begin their work getting to know Portsmouth voters,” Portsmouth Economic Development Director Robert D. Moore said in a statement. “It is important for the citizens of Portsmouth to be involved in the process as we head towards November, and that they understand the full scope of the Entertainment District. 

“We are ready for this next step.”

 

Subscribe to Virginia Business.

Get our daily e-newsletter.

Related Stories

Virginia Business logo

Pamunkey tribe, city sign Norfolk casino agreements

Tribe has option to purchase 13.4 acres by Elizabeth River for $10 million.

Virginia Business logo

Portsmouth, Rush Street Gaming unveil casino renderings

$300M development will include casino, hotel, restaurants

Virginia Business logo

Baskervill, HKS to lead Norfolk casino design, architecture

Norfolk voters will decide casino's fate in Nov. 3 local referendum

Trending

Dollar Tree CEO resigning; former Dollar General CEO to replace him

Rivers Casino Portsmouth opens to big crowds

Norfolk’s MacArthur Center mall listed for sale

Framatome CEO retiring; CFO to be promoted

Va. bill aims to reduce mental health stigma for health care workers

Sponsored Stories

In the New Year, Aim for Better Cybersecurity

4 innovative ways to create capacity

WHERE IS THE SUPPLY CHAIN WHEN YOU NEED IT?

P.A.I.N.T. Your Financial Mountain

5 Benefits of Treasury Management Services from Atlantic Union Bank

Blazing trails in the digital landscape

Advertisement

Advertisement

Trending

Dollar Tree CEO resigning; former Dollar General CEO to replace him

Rivers Casino Portsmouth opens to big crowds

Norfolk’s MacArthur Center mall listed for sale

Framatome CEO retiring; CFO to be promoted

Va. bill aims to reduce mental health stigma for health care workers

Sponsored Stories

In the New Year, Aim for Better Cybersecurity

4 innovative ways to create capacity

WHERE IS THE SUPPLY CHAIN WHEN YOU NEED IT?

P.A.I.N.T. Your Financial Mountain

5 Benefits of Treasury Management Services from Atlantic Union Bank

Blazing trails in the digital landscape

Get Virginia Business directly on your tablet or in your mailbox!

Subscribe to Virginia Business

Advertisement

Advertisement

Footer Primary Menu

  • virginiabusiness.com
  • Subscribe
  • Advertise
  • About Us
  • Contact Us

Footer Secondary Menu

  • Industries
  • Regions
  • Reports
  • Company News
  • Events

Sign Up For Our Newsletter

Sign Up

LinkedIn Facebook Twitter Instagram Get Our App

Privacy Policy Cookie Policy

Footer Utility Menu

Copyright © 2023 Virginia Business. All rights reserved.

Site Maintained by TechArk