Portsmouth looks for casino partner
Virginian city Portsmouth is looking for a casino partner and has approved a “memorandum of understanding” with Rush Street Gaming.
US.- Virginia is ready to undergo a gaming expansion and open new venues in the state. That’s why Portsmouth is looking for a casino partner, which may be Rush Street Gaming.
The City Council unanimously approved a “memorandum of understanding” with the Chicago-based developer. The document helps them move forward with negotiations for the project.
The potential Portsmouth casino would rise in a 50-acre land by the I-264, near Tidewater Community College.
It would have a 400,000 square foot gaming and entertainment facility with a 3,000 seat venue. Moreover, restaurants, meeting space, 3,000 space parking garage, 4-star hotel and a movie theatre.
“We’re real estate developers with a strong track record of successfully collaborating with our host communities,” said Neil Bluhm, chairman and co-founder of Rush Street Gaming. “We choose our projects very carefully, and we knew right away the Victory Boulevard location would be ideal. Portsmouth is central to the region, and the site itself is large with the potential to include a multitude of hospitality and entertainment uses, is well-positioned in a development corridor with retail, superior infrastructure, and immediate highway access from multiple directions.”
