Bally’s Corporation is planning to launch a new casino in Richmond, Virginia. The group has already submitted a proposal for the same which would be named ‘Bally’s Richmond Casino Resort’.
The construction of the project is estimated to cost $650m including a one-time $100m upfront payment to the city of Richmond upon selection.
If the proposal is accepted by the city of Richmond, the construction could take approximately 18 months and would be ready for launch in 2024.
The operator believes that the project would generate more than 2,000 jobs and $415m in annual total gross revenue. The operator also expects .7m visitors annually.
As per Gambling insider reports, the resort would pan more than 1.6m square feet and include a casino, sportsbook, hotel, resort-style pool, dining and retail outlets, along with space for live entertainment and conferences.
Bally’s president and CEO George Papanier said: “Our proposal represents an unprecedented project for the Richmond community that will embrace and showcase the city’s existing culture and traditions in an environment positioned towards entertainment and leisure. The Bally’s Richmond would provide the city with a vibrant new attraction that is sure to turn Richmond into a dynamic tourist destination.”