Rejected Richmond Casino Bidder Contemplates Legal Action

Author: Live Casino Direct
 
Rejected Richmond Casino Bidder Contemplates Legal Action
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Rejected Richmond Casino Bidder Contemplates Legal Action. Dennis Cotto is a Northern Virginia attorney and partner of Bet on Gaming Holdings LLC. He is questioning the selection process of a preferred developer and operator of the $400 million Las Vegas-style casino. The Virginia Lottery refused to intervene in the matter. It is the state's recently amended casino law that gives Richmond full control over its selection of its preferred casino developer.

The Cordish Companies of Baltimore's $600 million Live! Casino & Hotel Richmond scheme and Urban One and Colonial Downs' $517 million ONE Casino + Resort complex are the only two bidders left in the race for the Richmond City Council's approval of a $650 million hotel and casino resort plan. Mr. Cotto is planning to file a lawsuit in Richmond Circuit Court later in May. He believes he has a strong case, citing state procurement ordinances.