Monarch On Line Casino Resort, Inc

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Both leaders confirmed Friday that the budget compromise would delay state licensing of a on line casino project in Richmond for a year, but not a second referendum. He promised to propose legislation in the General Assembly subsequent 12 months to let Petersburg apply for a license to develop and operate a casino, subsequent to completion of the JLARC study. But Richmond voters stunned the on line casino partnership and metropolis management by rejecting the project by a slim margin last fall. Mayor Levar Stoney and the Richmond City Council determined in January to hunt a second referendum, which the state legislation neither prohibited or expressly allowed. On Nov. 2, Richmonders narrowly voted against a South Side casino and resort growth proposed by Urban One. Bally’s is bringing Chicago its first and solely casino in what is expected to be a $1.7 billion project that city officials hope will provide millions of dollars in tax revenue.
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