In a groundbreaking announcement, The Cordish Companies revealed plans to build a new $1.4 billion casino resort in Virginia, marking a significant milestone for the state’s gaming industry. The proposed project, which is set to be located in the city of Norfolk, promises to bring a wide range of amenities and entertainment options to the region, while also creating thousands of new jobs and generating substantial revenue for the local economy.
The planned casino resort will feature a luxurious hotel with hundreds of rooms, a state-of-the-art gaming floor with thousands of slot machines and table games, multiple dining options ranging from casual eateries to fine dining restaurants, a spa and fitness center, as well as a variety of entertainment venues, including a concert hall and nightclub. Additionally, the resort will offer a retail shopping area, conference and meeting facilities, and ample parking for guests.
According to David Cordish, Chairman and CEO of The Cordish Companies, the proposed project represents a unique opportunity to transform the Norfolk waterfront into a world-class destination for gaming, entertainment, and recreation. “We are thrilled to be working with the city of Norfolk to bring this exciting new development to fruition,” said Cordish. “Our goal is to create a one-of-a-kind destination that will attract visitors from near and far, while also providing a significant economic boost to the local community.”
The Cordish Companies predicts that the new casino resort will create over 5,000 new jobs in the region, ranging from construction and hospitality positions to management and administrative roles. In addition, the company estimates that the resort will generate millions of dollars in annual revenue for the city of Norfolk, helping to support local businesses and infrastructure projects.
In order to move forward with the proposed development, The Cordish Companies will need to secure approval from the Virginia Lottery Board, as well as obtain the necessary permits and licenses from local and state regulatory agencies. The company has already begun the extensive planning and design process for the casino resort, with construction expected to begin in the near future.
As excitement continues to build for the new $1.4 billion casino resort in Norfolk, residents and officials alike are eagerly anticipating the positive impact that the project will have on the city and its residents. With its promise of job creation, economic growth, and world-class entertainment, The Cordish Companies’ proposed development is poised to become a cornerstone of Virginia’s gaming industry for years to come.
