Headwaters Resort & Casino in Norfolk is a $500m project to be built on the Elizabeth River and will hold 3,000 slots and 150 table games with a 300 room hotel. It is being developed by the Pamunkey Indian Tribe who have seen various delays due to Covid and also changes in plans for a temporary casino which they have since scrapped and instead will build the new casino directly on the earmarked property which is estimated to open within two years.
Last, but not least, the Richmond Grand Resort & Casino was scheduled to go through a second vote in early November this year after the first saw plans for a casino rejected in the city. Te plan was revised and renamed and is a $562m resort with 250 room hotel 3,000 seat concert venue and 55-acre outdoor park. Te project (previously called ONE Casino & Resort) is a joint venture between premier racing and gaming company Churchill Downs and media company Urban One and is anticipated to bring $30m in annual tax revenue. Te area earmarked is a 100-acre plot in South Richmond.
ONLINE GAMING
Despite the growth of tribal casinos, the rapid spread of sports betting and online wagering is a threat to what is an economic lifeline for the Native American tribes which rely on gambling as an important source of income.
Despite the growth of tribal casinos, the rapid
spread of sports betting and online wagering is however a threat to what is an economic lifeline for the Native American tribes which rely on gambling as an important source of income. In addition, the tribes fighting to enter the online
arena, are facing an uphill struggle due to rules which limit gambling to reservation lands.
In addition, the tribes fighting to enter the online arena, are facing an uphill struggle due to rules which limit gambling to reservation lands.
Earlier this year the Bureau of Indian Affairs proposed changes to Title 25 of the Code of Federal Regulations Part 293 – this governs the scope of tribal-state compacts and the bureau’s review of such compacts under the Indian Gaming Regulatory Act.
Te proposed regulation suggests that if a state has legalised at least one type of Class III gaming the state is then required to negotiate with a tribe over all forms of Class III gaming and that would include online gambling. It would also mean tribes could provide state- wide igaming via their tribal-state compacts. Online bets would be deemed ‘on-reservation’ if the servers were based on tribal lands.
An additional proposal (Part 151) would ease the rules for tribes to acquire land for casino development.
WIRE / PULSE / INSIGHT / REPORTS P81
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