Casino In Portsmouth
NEW RUSH STREET GAMING CASINO APPROVED BY VOTERS IN PORTSMOUTH, VIRGINIA
Rivers Casino Portsmouth will launch Victory Boulevard Entertainment District
Portsmouth, VA, & Chicago, IL—November 4, 2020—A great new place to work and play is coming to Portsmouth, Virginia. Chicago-based Rush Street Gaming will develop and operate the latest addition to its growing portfolio of gaming and entertainment venues—Rivers Casino Portsmouth.
On Nov. 3, Portsmouth voters greenlighted Rush Street’s $300 million casino project planned for Victory Boulevard. Rivers Casino Portsmouth will bring 1,300 permanent jobs and 1,400 temporary construction jobs to the currently vacant site.
As the anchor of Portsmouth’s up-and-coming Entertainment District, the new Rivers Casino includes plans for a hotel, indoor and outdoor concert venues, conference space, multiple restaurants and more. Rivers Casino’s gaming floor will feature a wide variety of slots, table games, a poker room, and a state-of-the-art BetRivers Sportsbook.
“This is a great day for Portsmouth,” said Portsmouth Mayor John Rowe. “The Portsmouth voters have said yes to a new economic opportunity – an opportunity that will not only create great new jobs, but also generate more than $16 million in new annual tax revenues for our community. With Rush Street Gaming, Portsmouth has secured an excellent developer and operator of world-class destination casinos, with a track record of keeping promises, community support, and job creation. We’ve chosen our partner very well.”
Rivers Casino Portsmouth’s estimated annual payroll will be $62 million with a Portsmouth First commitment to build a diverse workforce and to hire locally. Without exception, all Rush Street casinos have been voted a “Top Workplace” by their Team Members.
In July 2020, The Virginia Lottery Board pre-certified Rush Street Gaming to operate a casino in Virginia. With the referendum now approved by residents, application for licensing is the next step. Rush Street anticipates opening within two years of receiving a gaming license from the Commonwealth of Virginia.
“We thank the residents of Portsmouth, the City of Portsmouth, and the Portsmouth Economic Development team for their support,” said Neil Bluhm, chairman of Rush Street Gaming. “We’re eager to get construction underway, so this strong economic engine for the Commonwealth and the local community can start producing benefits.”
- Nov 29, 2020 The proposed Rivers Casino Portsmouth casino will be built at I-264 and Victory Blvd next to Tidewater Community College. It will be developed and operated by Rush Street, a Chicago gaming and entertainment company that operates casinos in Illinois, Pennsylvania and New York. Casino. Live Dealer. Poker. Sports #1 Choice of U.S.
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- At full-build out, Rivers Casino Portsmouth will bring an exciting entertainment destination to Portsmouth including a diverse mix of restaurants with mouth-watering cuisine, entertainment from top-rated performers and hospitality that Rivers is known for throughout the U.S.
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Rush Street Gaming is one of the fastest-growing gaming and entertainment companies in America. Through its affiliates, Rush Street owns and operates market-leading casinos in Des Plaines, Illinois (Chicago area); Pittsburgh and Philadelphia, Pennsylvania; and Schenectady, New York. Rush Street and its affiliates also developed the Fallsview Casino & Resort in Niagara Falls, Ontario, in close partnership with the Province; and Riverwalk Casino & Resort in Vicksburg, Mississippi, which was acquired by Churchill Downs in 2012.
Rivers Casino and Rush Street Gaming have a long and proud record of diversity and inclusion throughout all its business operations nationwide. Rivers Casino Portsmouth will utilize minority, women and veteran-owned small businesses in every phase of its construction and operation.
Rivers Casino Portsmouth will solicit local minority participation for 5% of the equity contribution or $5 million, whichever is greater, from minority-owned businesses or private investors who are minorities and, as required by securities laws, are accredited investors.
To avoid conflicts of interest, public-sector employees, elected officials at any/all levels of government, their spouses, dependents, and immediate family members are ineligible to participate as investors or owners.
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About Rush Street Gaming: Founded by Neil Bluhm and Greg Carlin, Rush Street Gaming and its affiliates have developed and operate successful casinos in Pittsburgh, Philadelphia, Des Plaines, IL (Chicago area) and Schenectady, NY. By placing an emphasis on superior design and outstanding customer service, Rush Street Gaming has become one of the leading casino developers in the United States. Existing casinos generate over $1 billion in annual gaming revenues, and all Rush Street Gaming casinos have been voted a “Best Place to Work” or “Top Workplace” by their team members.
Media Contacts:
Jack Horner
For Rush Street Gaming
jack@hornercom.com
412.600.2295
Robert D. Moore
Portsmouth Economic Development Director
Robert.moore@portsmouthva.gov
757.477.3458
It was recently announced that the Pamunkey Indian Tribe had plans to build a casino near Harbor Park in Norfolk. The casino, which would be the first in Virginia, would feature gaming, restaurants, spa, and a hotel.
Across the Elizabeth River on Tuesday, Portsmouth officials unveiled plans for a casino of their own roughly two miles away from the Pamunkey Tribe’s proposed location. The result? Two bills have now been filed in the General Assembly by legislators working to get one or the other approved.
Delegate Barry Knight, a Republican from Virginia Beach, is sponsoring a bill which would ensure that the Pamunkey could set up shop in Norfolk without competition from across the water. The proposed legislation would allow for only Indian casinos to be built, and those would be limited to cities with 200,000 residents or more. Coincidentally, Portsmouth’s population is approximately 95,000.
Meanwhile, Democratic Senator Louise Lucas of Portsmouth is pushing a bill that would amend Virginia’s gaming laws so that cities that meet certain unemployment and poverty thresholds can hold referendums on whether or not to approve the construction of casinos in an effort to improve their local economy.
Delegate Knight and others have expressed concerns about the rival casinos cannibalizing each other.
Having grown up about an hour from Atlantic City and watching those casinos dropping like flies over the years, after practically being built on top of one another, I would agree that this could be an issue.
On the other hand, Atlantic City was packed with commercial casinos like Harrah’s, Caesar’s, and even (you guessed it) the now defunct Trump Plaza.
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Indian casinos, however, aren’t always full of tables for poker, blackjack, and craps. As the Virginian Pilot article points out, some are what’s known as Class 2, which would feature mostly slot machines and video poker. We could see two different sorts of casinos going up if that’s the case, and it’s tough to know for certain how one would affect the other if that happened.
Kajot turbo 27. Regardless of the outcome in Richmond, a casino in Portsmouth or Norfolk will still be several years off. An Indian casino would have to go through the Bureau of Indian Affairs and other red tape before construction could begin.
A commercial casino in Portsmouth, if Senator Lucas’ bill becomes law this session, and the residents there vote in favor of a referendum later this year, could be up and running in a year or two.
From a practical standpoint, Norfolk is in a better position to support such a project than Portsmouth. A casino/resort next door to Harbor Park, home of the Baltimore Orioles Triple-A affiliate Norfolk Tides, and near other downtown attractions in Norfolk makes sense on paper.
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Portsmouth, which is home to many attractive historic buildings on the water, simply faces more obstacles than Norfolk in terms of feasibility even just from a transportation and infrastructure standpoint. Potential customers from nearby Virginia Beach, Chesapeake, and other cities in Hampton Roads would have to pay a toll going to and from Portsmouth through an often backed up tunnel that connects to Norfolk anyway.
Casino In Portsmouth Virginia
Honestly, I’m just surprised Virginia Beach hasn’t gotten in on the action yet.