Bally’s reveals opportunity for Richmond residents to partially own resort

Bally’s reveals opportunity for Richmond residents to partially own resort

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Posted by: AffPapa
Bally's
Bally's

Bally’s Corporation has declared its plans to offer residents of Richmond with the chance to buy an equity interest in its casino resort in Virginia’s capital. This means that the residents are allowed to become partial owners of the resort as well.

Richmond-based entrepreneur, David Walton, who is well-known for being the founder of the Black Pages of America, will be teaming up with Bally’s for the rollout of the project and will be lending a helping hand to raise awareness of this programme. Bally’s has mentioned that this project is based on solid feedback from the local community after many meetings were conducted during the last few weeks.

Walton further mentioned:

“Bally’s has promised that its casino proposal will be a community-focused project that places Richmond first, and the equity crowdfunding program represents one way for Bally’s to live up to that promise. The purpose of the program is to allow all Richmond residents, not just those who may be more fortunate, the opportunity to invest in Bally’s Richmond, and I look forward to working with Bally’s and supporting that effort.”

The Bally’s Richmond Casino Resort will cost $650 million, and it was named as of late as being on of the three proposals which have been left standing, when the city of Richmond reduced its field of bidders for a casino project and even moved to reject some propositions from Pamunkey Indian Tribe, Golden Nugget and Wind Creek.

Bally’s Richmond senior project manager, Michael Monty, said in a comment:

“During our recent engagements with the RVA community, we had the fortunate opportunity to inform thousands of Richmonders about Bally’s Richmond. Once Richmonders better understood the proposal, many expressed interest in becoming a part of it.

“By allowing Richmond residents to own a part of Bally’s Richmond, we are further demonstrating our dedication and commitment to RVA and this project. We look forward to partnering with David Walton on this program, and are excited about the opportunity for Richmonders to own a piece of Bally’s Richmond and benefit from its success as a true stakeholder.”

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