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Transactions - FEBRUARY 23, 2021

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Bally’s Corp to develop $650m casino and resort in Richmond, Va.

by Released

Bally’s Corp., an omnichannel provider of land-based gaming and interactive entertainment, has submitted a proposal to the City of Richmond, Va., to develop and operate the "Bally's Richmond Casino Resort," a world class, destination resort, hotel and casino. The project, which will span more than 1.6 million total square feet, will include a casino, sportsbook, hotel, resort-style pool, dining and retail outlets, and a flexible space for live entertainment and conferences.

Bally’s has entered into strategic partnerships with multiple leaders of the greater Richmond community, including Willie Lanier Sr. and the Lanier family; Darrell Green, founder of the Darrell Green Youth Foundation; and Warren Thompson, founder, president and chairman of the board of Thompson Hospitality Corp. Bally's also has started discussions and begun forming partnerships with several small business enterprises, including the Carolinas-Virginia Minority Supplier Development Council and the Virgi

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