The ground-breaking ceremony for the Rivers Casino in Portsmouth will take place in December

The Mayor of Portsmouth, Virginia has confirmed a ground-breaking ceremony for the Rivers Casino Portsmouth to be held on Tuesday, December 7. Further details of what the ceremony may entail have not been provided by the mayor, but it is known that the casino will be built on 57 acres of land.

Rush Street Gaming has invested $300 million in the Rivers Portsmouth casino

Another detail known about the new casino in Portsmouth is that Rush Street Gaming, which performed well in the third quarter of 2021 , has committed $300 million to build Rivers Casino. It will be located just south of I-264 between Victory Boulevard and McClean Street.

It's about three miles southwest of downtown Portsmouth. The resort will be adjacent to the Tidewater Community College Portsmouth campus.

Portsmouth was one of four Virginia cities to approve a single casino in a local referendum during last year's presidential election. Now casinos are being built in Bristol, Norfolk and Danville. With 67% of voters responding in the affirmative, the referendum was easily passed.

The fifth and only remaining city that had the right to ask its residents whether casino gambling should be allowed was Richmond. Although a $565 million casino site was proposed, voters in Virginia's capital rejected it earlier this month . The Urban One and Peninsula Pacific Entertainment project was rejected as 51% of those who voted opposed the development.

But residents of Richmond and other like-minded cities can take heart in the fact that they have the opportunity to play online at Casino Without Spelpaus.

Planning for the site began in the summer

Despite a groundbreaking ceremony for the casino at Rush Street and Portsmouth next month, planning for the site began in early August. Crews came to the site every day and removed vegetation and other obstacles.

Speaking to 13 News Now, Justin Ballard of SB Ballard Construction Company said the process was actually "laying the groundwork". SB Ballard is one of the main contractors hired by Rush Street.

Back in January, the Virginia Lottery approved the Rivers-Portsmouth plan. The Lottery is responsible for overseeing the construction, licensing and future operations for gambling at four land-based commercial casinos in the state.

Rush Street is hiring more than 1,000 full-time staff

Once the project is fully completed, Rush Street intends to hire 1,300 full-time employees. In addition, the company says it will need about 1,400 workers to build the casino. Once completed, Rivers is expected to generate $16 million in tax revenue annually. What's more, it is projected to bring in more than $200 million annually to the Hampton and Portsmouth road economy.

The fact that Richmond has given up its casino is a good result for Rivers Portsmouth and the casino in Norfolk. Local Norfolk officials have teamed up with John Yarbro, a billionaire and gaming industry veteran, and the Pamunkey Indian Tribe to build a $500 million casino resort.

It will be located next to the city's Harbour Park minor league baseball stadium on the Elizabeth River. HeadWaters Resort & Casino in Norfolk and Rivers Casino in Portsmouth will take full advantage of the current situation in Richmond and the fact that there is no casino in Richmond. The two towns are located 70 miles northeast of Richmond.

Bob McNab, professor of economics at Old Dominion University, stated that a casino proposed by Richmond would block traffic from Northern Virginia and Richmond itself, as they would prefer the city casinos to Norfolk and Portsmouth.

 

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