The recent announcement that the Cordish Companies has been selected to develop a new casino in Petersburg, Virginia has sparked outrage among many in the gaming industry. The decision to award the contract to Cordish, a company known for its controversial business practices and history of lawsuits, has raised concerns about the future of iGaming in the state.
The Cordish Companies, a Baltimore-based real estate development firm, has faced multiple allegations of misconduct over the years. In 2019, the company was sued by a former employee who claimed she was sexually harassed by her supervisor while working at a Cordish-owned casino. The lawsuit was ultimately settled out of court, but it tarnished the company’s reputation in the industry.
In addition to their legal troubles, Cordish has also been criticized for their aggressive marketing tactics and controversial business practices. The company has been accused of targeting vulnerable populations, such as low-income communities and people with gambling addictions, in their marketing campaigns. This has led many to question whether Cordish is the right choice to develop a new casino in Virginia.
The selection of Cordish for the Petersburg casino project has also raised concerns about the state’s potential for iGaming. Virginia recently legalized online sports betting and casino gambling, with hopes of attracting major players in the industry to the state. However, the controversial selection of Cordish may deter other companies from investing in Virginia’s iGaming market.
Many in the industry fear that Cordish’s tarnished reputation could harm the state’s chances of becoming a major player in the iGaming industry. If other companies view Virginia as a risky investment due to Cordish’s involvement, the state may struggle to attract top-tier operators and developers.
The decision to award the Petersburg casino contract to Cordish has sparked outcry from industry experts, lawmakers, and residents alike. Many are calling for the decision to be reconsidered and for a more reputable developer to be selected for the project.
In response to the backlash, Cordish has defended its reputation and stated that it is committed to developing a world-class gaming experience in Petersburg. The company has promised to prioritize responsible gambling practices and work closely with the community to address any concerns.
Despite Cordish’s assurances, many in the industry remain skeptical about the company’s ability to deliver on their promises. The controversy surrounding the selection of Cordish for the Petersburg casino project is likely to have a lasting impact on Virginia’s iGaming potential, as stakeholders and players alike question the state’s commitment to responsible gaming practices.
As the situation continues to unfold, all eyes will be on Virginia as it navigates the delicate balance between economic development and ethical business practices in the gaming industry.
