Virginia lawmakers are maneuvering to further stifle efforts to build a casino in Richmond.
State lawmakers have included an amendment in a two-year budget agreement up for a vote Wednesday that bars the city from holding a second referendum on whether to allow a casino in Richmond until 2023. Voters in Virginia’s capital city last year narrowly voted down a casino measure — a shocking result for city leaders and Urban One Inc. (NASDAQ: UONE), the Black-owned Silver Spring media company that was leading the proposal to build a $600 million gaming venue.
But in March, a Richmond judge granted a request from Mayor Levar Stoney and other city leaders to hold a second referendum. In response to that, state lawmakers are reportedly angling in the new budget to bar the state lottery from issuing a casino license to Richmond until a legislative study is completed of a potential rival site in Petersburg, Virginia — a city about 25 miles south of Richmond that has experienced significant financial strain in recent years.