The Virginia Lottery Board approved proposed permanent regulations, bringing casino gaming one step closer to reality.
These regulations build on the Board’s first emergency casino regulations, which were passed on February 3, and will now be sent to the governor for approval. Following that, there will be a 60-day public comment process before to the Lottery Board’s ultimate approval.
In Virginia, there are now four proposed land-based casinos in Bristol, Danville, Norfolk, and Portsmouth, with Hard Rock International, Caesars Entertainment, Pamunkey Indian Tribe, and Rush Street Gaming as operational partners. Each was approved by voters in local referenda in November 2020.
A fifth proposed casino, in the city of Richmond, is on a different schedule and has yet to receive voter approval. In November 2021, it is expected to be on the ballot.
The One Casino + Resort was recently recommended as the preferred casino gaming operator by Richmond’s casino review panel, as Urban One, which owns and runs 55 radio stations as well as the TV One network, edged out the Cordish Companies’ $600 million Live! Casino & Hotel Richmond.
In addition to Cordish Companies, Urban One beat over Bally’s Corporation, Golden Nugget, Wind Creek Hospitality, and the Pamunkey Indian Tribe to have the project approved.
Secure and transparent gaming in Virginia
Kevin Hall, Virginia Lottery executive director said: “The Lottery’s gaming compliance department and office of general counsel have been diligently working to set up the regulatory and licensing framework to ensure casino gaming in Virginia is secure and transparent.
“In this role, we see the Lottery as the public’s watchdog, confirming that the law and regulations are followed, and the integrity of casino gambling is protected.”
In 2020, the Virginia Lottery was given regulatory oversight of increased gambling in the Commonwealth by the Virginia General Assembly. Both land-based casinos and mobile sports betting are included in expanded gambling.
Members of the Lottery Board also got an update on mobile sports betting, which is set to start in Virginia in late January 2021. In the Commonwealth, 10 permit holders have been permitted to offer sports betting, with seven currently accepting bets.