Richmond Casino Applicants Down to Three

Richmond Virginia
Richmond has narrowed down its field of casino applicants, rejecting three out of the six proposals submitted to the city last month.

Per an official statement from the city:

“The top ranked proposals stood out because the operators provided strong proposals with detailed financial and operational analyses to support their vision for a resort casino in Richmond.”

The applications of Bally’s Richmond Casino Resort, Live! Casino & Hotel Richmond, and One Casino + Resort. Meanwhile, the proposals of Golden Nugget, Wind Creek Hospitality, and Pamunkey Indian Tribe & Reservation were disapproved.

A Single Casino Operator

According to the press release, the three Richmond casino proposals were rejected due to factors like “lack of site control, concerns about the feasibility of financial projections, lack of organizational experience, and deficiency in the proposal”.

The decision was revealed as the city continues to collect public feedback on the resort-casino proposals it requested for last year. Under a new law introduced by the state last year, Richmond is allowed to have a single casino operator if local voters approve it in a referendum that the city is planning to hold this coming November.

Next Step

Now that the choices are down to three, the next step is for the Evaluation Panel to start negotiations with bidders while continuing to engage the community. The Panel is composed of seven administration officials plus city council members Andreas Adison and Ellen Robertson.

The city will be hosting three virtual meetings next week where the three advancing Richmond casino applicants will discuss their proposals and give citizens a chance to voice out their inquiries or ask questions. The meetings will be held virtually, via Microsoft Teams and these are open to the public. Those interested can join the meeting using a link, or by calling 804-316-9457 with phone conference ID 934 627 185.

Maryland Casino Gaming Revenue Decreases in November

Closeup of Person Counting Money With a Casino Background
Maryland’s casinos saw a large revenue drop in the month of November. The decrease comes after the casinos had been making good gains following a statewide shutdown due to the coronavirus pandemic.

In a report by the Maryland Lottery and Gaming, the six Maryland casinos generated a gross gaming revenue (GGR) of $130.3M, an amount which is 8.6% lower than the previous month total of $142.7M. The amount is also $10.4M or 7.4% less than the aggregate revenue posted by the Maryland casinos in November 2019.

Maryland Casino Breakdown

$83.43M of the GGR was derived from Video Lottery Terminals (VLT) while table games contributed $146.94M to the total revenue. Live! Casino and Hotel led the way with a VLT total of nearly $30.9M, beating out the $29.8M of MGM National Harbor. As far as table games are concerned, MGM National Harbor was way above the rest with its $25.5M table games intake.

MGM National Harbor remained the top earning casino during the month of November as it raked in a total of $55.3M or 42.4% of the state’s total GGR. Live!Casino and Hotels came in second with its haul of $45M while Horseshoe Casino in Baltimore was a far third with a monthly revenue of $15.25M. Horseshoe Casino though operated at a lower capacity for the most part of November due to new restrictions enforced in Baltimore.

Horseshoe Heavily Affected

After being allowed to open at 50% capacity for two months, the city of Baltimore tightened the restriction to 25% capacity for restaurants, gyms, retailers, and casinos beginning November 12th due to a surge in COVID-19 cases. Being the only Maryland casino in Baltimore, Horseshoe was badly hit by Mayor Bernard “Jack” Young’s decision.

Horseshoe’s November 2020 GGR is an all-time monthly low for the Caesars Entertainment owned Maryland casino. It’s the latest setback for Horseshoe which has struggled since Caesars won the Baltimore license in 2012. The company has been trying to reverse the Baltimore casino’s fortunes in recent years but to no avail.

Cordish Launches PlayLive! Site in Pennsylvania

Maryland Live! Casino
Cordish Companies’ PlayLive! became the first branded internet gambling site to launch before its brick and mortar facilities have opened.

The online gambling business was launched on Monday, ahead of the opening of the company’s two casino projects in the Keystone State. Cordish’s Live!Casino Pittsburgh and Live!Casino Philadelphia are set to open in late 2020 and early 2021, respectively.

Said Cordish Gaming Group President Rob Norton:

“As a leader in the gaming industry, Cordish understands the importance of innovation and this site certainly illustrates our ability to enhance the traditional launch timeline of our new casino projects.”

Extensive Content

Developed in partnership with Game Account Network (GAN), PlayLive! has an extensive content of more than 100 gaming options, including classic slot games like Cleopatra, Crazy Money, Game King Video Poker, and Wheel of Fortune. It also carries popular titles like Gonzo’s Quest, Starburst, and Twin Spin.

Aside from online slots, PlayLive! Also offers interactive table games like blackjack, roulette, and baccarat. Players are also allowed to join Jackpot games like Divine Fortune, Mercy of the Gods, and Wheel of Fortune Hawaiian Getaway. The leaderboards show the players’ current rankings, creating an extra level of excitement for gamblers.

All games have been configured in such a way that players will get the same experience online as they do when they are at Live! Casino floors. In celebration of its launch, PlayLive! is offering welcome bonuses and free spins.

Live!Rewards Enrollment

The site was also launched so that Pennsylvania residents can enroll ahead of time in the Live! Rewards® customer loyalty program,. The rewards will be used by customers when the Keystone State’s Live! Hotels become operational but it can also be used in all Live! Casino and Hotel properties in the United States.

The rewards program is free to join with all players receiving the red Classic Live! Rewards® Card. All card members accumulate points to enjoy a variety of benefits and perks on PlayLive! and Live! Casino and Hotels.

About Live! Casino and Hotels

Live! Casino and Hotels are owned and operated by companies affiliated to the Cordish Companies. The flagship property is located in the Baltimore/Washington DC area and it is the top tourist destination in Maryland with a AAA Four Diamond rating.

The soon to open Live! Casino and Hotel in Philadelphia is located in the Stadium Entertainment District of the city. It will feature 2,200 slots and games plus more than 150 live action table games. On the other hand, the second Live! Casino and Hotel is located in Westmoreland near Pittsburgh has over 100,000 square feet of gaming space with 750 slots and 30 live action table games.