Virginia dedication for The Cordish Companies

IDNSport – Virginia dedication for The Cordish Companies,

American casino operator The Cordish Companies has announced that it has secured some $180 million in funding from local minority-run businesses in order to help realize its proposed Live! Casino and Hotel Richmond development.

The Baltimore-headquartered firm used an official Wednesday press release to detail that it has also committed to offering minority entities a 50% ownership stake in the envisioned central Virginia project along with a 40% involvement in all associated construction activities.

Progressive program:

The Cordish Companies, which is already responsible for Baltimores Live! Casino and Hotel Maryland venue, recently opened its new Live! Casino and Hotel Philadelphia property under a similar scheme and declared that it intends to present additional investment opportunities to minority-owned enterprises across the region who may want to participate in the project. It moreover stated that these could further assist the proposed $600 million Live! Casino and Hotel Richmond venture in receiving the required local regulatory approvals before opening sometime in 2023.

Liability likelihood:

Zed Smith serves as the Chief Operating Officer for The Cordish Companies and he used the press release to describe the commitment to his firms proposed Live! Casino and Hotel Richmond project as one of the largest, if not the largest, minority equity investments in the history of Virginia. He also proclaimed that the envisioned scheme is destined to carry half the debt of the competing proposal from rival runner Urban One and feature a combined $360 million of equity investment.

Read a statement from Smith

We are incredibly proud to announce this historic achievement today of $180 million of direct minority investment in Live! Casino and Hotel Richmond. Our team of minority equity partners represents a dynamic group of locally-based and nationally-recognized investors who share our passion and commitment to excellence and being a good community partner.

Substantial scheme:

The Cordish Companies explained that it wants to bring its Live! Casino and Hotel Richmond facility to a 17-acre site to the north of the capital community complete with a 300-room hotel and a 250,000 sq ft casino offering a wide variety of slots and gaming tables. It divulged that the proposed project, which would furthermore feature a cinema, a spa and wellness center, up to 18 dining and entertainment venues and a 4,000-seat live music space, would be easily accessible and sit closer to the vast majority of the Richmond regional population than the contending endeavour from Urban One.

Pronounced patronage:

Finally, The Cordish Companies disclosed that the minority partners that have recently come on board to support the realization of its Live! Casino and Hotel Richmond project encompass prominent Virginians and Richmonders, former professional athletes and nationally-recognized investors that will help in positioning its bid as the strongest financial partner for the city of Richmond.

Recent Comments
New Casinos
4.3 rating
Online games nowadays seem to be mushrooming lately, the reason is that more and more people are looking for entertainment, or fun during their spare time. The official online slot game is one of the games where all people can play by relying on certain techniques during gameplay.
4.0 rating
Agen138 is the largest & most trusted online betting site in Indonesia.
3.3 rating
SLOT6000 is a site with a credit deposit feature and is equipped with the most complete range of online gambling betting games, just by making a deposit of 6000, all of you have the opportunity to win jackpot prizes up to hundreds too !
Official Partner
  • Kunjungi yang merupakan situs kumpulan slot online terpercaya 2020 & 2021 bermutu ABLBET.
  • Daftar situs slot online terpercaya dan agen online resmi + bonus menarik judi online MNCCASH di
  • IDN Sport sebagai direktori judi online Indonesia modern IDN Poker, IDN Live, IDN Sport dan IDN Classic Game (Arcade).
  • dan sebagai ajang meraih sukses kemenangan bermain judi dimasa pandemi ini.
  • Link slot terpercaya untuk mudah menang.