Live! Casino & Hotel Virginia construction begins
The Most Important Facts at a Glance
Construction has begun on the Live! Casino & Hotel Virginia in Petersburg. The $1.4 billion project aims to strengthen the local economy, create jobs, and boost tourism. The grand opening is planned for 2027, with a temporary gaming facility set to open by the end of 2025.
A Major Project for Petersburg
Live! Casino & Hotel Virginia is being developed by Bruce Smith Enterprise and The Cordish Companies. Bruce Smith, former NFL player and founder of Bruce Smith Enterprise, emphasized the importance of the project: Petersburg is expected to transform from a pass-through town into an attractive destination.
The facility will feature a top-tier casino, a hotel, and additional entertainment options. The goal is to create long-term economic benefits for the region.
Economic Impact and Job Creation
The casino project is expected to have a significant economic impact on Petersburg. In addition to the permanent gaming facility set to open in 2027, a temporary gaming venue is planned to launch by the end of 2025. This facility is expected to create around 500 jobs and provide business opportunities for local vendors.
Zed Smith, COO of The Cordish Companies, highlighted that the project will not only offer a premium gaming experience but also bring long-term economic benefits to the region. Millions of dollars in economic value are expected to be generated.
Approvals and Political Support
The project is being developed and managed by Petersburg Community Development Investors and its partners. Before the casino can officially operate, approvals from the relevant authorities in Virginia, including the Virginia Lottery, are required.
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Several political representatives, including Senator Lashrecse Aird, Delegate Kim Taylor, and Mayor Sam Parham, attended the groundbreaking ceremony. Their support underscores that the project is seen as a key component of the city’s economic development.
Our Assessment
Live! Casino & Hotel Virginia could revitalize Petersburg’s economy and create new jobs. The early opening of a temporary gaming facility demonstrates that the operators aim to generate economic momentum quickly. The key factor will be whether the necessary approvals are granted smoothly and the project proceeds as planned.
Sources
– iGaming Team
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