Churchill Downs And Urban One Executives Reveal Rebranded Plans And New Name For Proposed Richmond Casino
Officials from Churchill Downs Incorporated and Urban One have disclosed the newest proposal for a casino, resort and entertainment property named Richmond Grand Resort and Casino. Additionally, they pointed out that this latest project will be unlike from the one that voters had the opportunity to vote on in 2021, as it has now been “rebranded.”
New rebranded casino project:
The latest casino proposal now states that casino will be a “joint venture“ between aforementioned Churchill Downs, a flagship entertainment, gaming and horse racing firm based in Kentucky, and Urban One, the biggest African American-owned broadcasting firm in the US based in Maryland.
In compliance with details provided by the representatives, the rebrand…
Parx CEO Warns House GOP- Unregulated Skill Games Stunting PA Casino Growth; State Proposes 42% Tax
CEO of Parx Casino, Eric Hausler recently testified before the House GOP policy committee, shedding light on the contentious issue of skill games in Pennsylvania. His presentation revealed compelling statistics suggesting that these games are indeed impacting the state’s casinos.
Debating regulation:
Skill games have long been a subject of debate within the Pennsylvania gambling industry. While Pace-O-Matic, a prominent skill games manufacturer, advocates for regulation, claiming their games have no adverse effects, Hausler’s testimony suggests otherwise. Governor Josh Shapiro’s proposed 42% tax in the upcoming fiscal year budget indicates a push toward regulating these games.
Hausler’s presentation included a comp…
North Carolina Legislature Considers Bill to Develop Casinos in Rockingham, Anson, and Nesh Counties
Republicans in the North Carolina legislature have drafted a bill that would allow the state to develop three casinos in Rockingham, Anson, and Nash counties. The bill would reportedly allow the first casino legalization outside the Native American lands that are the currently the only areas facilitating legal casino developments.
Reason for Move:
As reported by the Triad Business Journal (TBJ), the move seems driven by the Triad’s poverty rates that are above the state average. The source reverts to the respective 2020 census data to indicate that the three counties have less than 100,000 residents. Also, Rockingham and Anson are reportedly designated by the NC Department of Health and Human Services as rural areas while Nash is the sole urba…