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Rejected Richmond On line casino Bidder Contemplates Authorized Motion

Rejected Richmond On line casino Bidder Contemplates Authorized Motion

Rejected Richmond On line casino Bidder Contemplates Authorized Motion

One of many rejected bidders in Richmond’s on line casino race has threatened to sue the Virginia metropolis over its choice course of for a most popular developer and operator of a Las Vegas-style playing resort.

Richmond acquired six bids throughout its request for proposals course of and in late March culled half of them.

On line casino operator Golden Nugget teamed up with year-old entity Wager on Gaming Holdings LLC to collectively desk a undertaking for a $400 million lodge and on line casino that might have been positioned about six miles from downtown Richmond. The proposal was one among three rejected by the town in late March.

Dennis Cotto, a Northern Virginia legal professional and a accomplice and precept of Wager on Gaming Holdings LLC, is now trying to sue the town, questioning its choice course of and most notably Richmond leaders’ insistence that Virginia and metropolis procurement legal guidelines don’t apply on this occasion.

Mr. Cotto argues that the Richmond Metropolis Council has no authority to disregard state procurement legal guidelines that might have granted his firm and Golden Nugget an administrative course of. Mentioned course of would have enabled them to hunt redress or attraction of the elimination of their bid from the race.

The legal professional advised native media that he had lodged a criticism with the Virginia Lottery, however to no avail, because the state-run company refused to intervene. In response to the Lottery, the state’s lately amended on line casino legislation grants Richmond full management over its number of a most popular on line casino developer and operator.

Lawyer Able to Begin Authorized Battle over On line casino Choice Course of

Final month, Mr. Cotto additionally turned to Virginia Lawyer Common Mark Herring to research the matter, however has not heard from him since then. The legal professional stated that the one choice left earlier than him is to file a lawsuit in order that the matter is determined in courtroom. He plans to lodge his authorized criticism in Richmond Circuit Courtroom later in Might.

A authorized movement may doubtlessly disrupt the on line casino choice course of, with the race now being down to only two opponents – The Cordish Firms of Baltimore’s $600 million Stay! On line casino & Resort Richmond scheme and City One and Colonial Downs’ $517 million ONE On line casino + Resort complicated. Late final month, the Richmond Metropolis Council nixed a $650 million hotel and casino resort plan pitched by Bally’s Company.

Mr. Cotto elaborated that he had misplaced bids earlier than, however had all the time acquired a debriefing. On this case, he was advised that there can be no debriefing. The Northern Virginia legal professional believes he has a robust case, citing state procurement ordinances and noting that Richmond has ignored these ordinances and has thus denied the entire rejected bidders’ proper to due course of.

With simply two firms left in rivalry, the town’s inner analysis panel is now set to advocate a finalist. That is anticipated to occur later in Might. The Metropolis Council will then need to approve the advisable bidder.

The chosen proposal will then be reviewed by the Virginia Lottery inside a 45-day interval. The Metropolis will lastly need to safe a courtroom order to get the chosen developer and their undertaking on the November 2 poll for voter approval. Richmond residents may have the ultimate say on the matter.

Nevertheless, pending litigation may stop the courtroom from issuing the citywide on line casino referendum order.

Supply: Rejected casino group threats legal challenge to city selection process, Richmond Free Press, Might 6, 2021

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