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In a statement, Yarbrough mentioned the Pamunkeys’ vision for a “best-in-class” casino resort “will be a catalyst for additional financial progress in Virginia” and give the tribe a “solid foundation” for different initiatives. The tribe’s promotional material for the casino project suggests the complicated would come with a 1,200-room lodge, a luxurious spa, a present venue and a number of restaurants. The tribe estimates the on line casino would eventually produce 4,000 full-time jobs and an oblique financial impression of $1 billion per 12 months.
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Castle Hill Gaming, a Charlottesville-based company that makes slot machines for tribal casinos, has additionally hired a staff of lobbyists from Spotts Fain Consulting. This 12 months, the legislature passed a bill to reopen the shuttered Colonial Downs horse observe in New Kent with slots-like gambling machines that permit players wager on horse races that have already been run. The proceeds are a part of agreed funds made by OLG, according to the Municipality Contribution Agreements (MCAs), to communities that host gaming services. A whole of $34,104,262 was distributed to 29 communities in the third quarter of the fiscal yr (April 1, 2023, to March 31, 2024).
