Bally’s Corporation, a finalist for Virginia’s Richmond casino project, announced today that it will “provide the opportunity for all Richmond residents to purchase an equity interest in, and become partial owners of, Bally’s Richmond.”
To roll out the program that allows this, Bally’s partnered with David Walton, a Richmond-based entrepreneur. Walton will help generate awareness of the crowdfunding round, according to the announcement.
Michael Monty, Senior Project Manager of the Bally’s Richmond, commented, “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.”
“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,” said David Walton. “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.”
Richmond Casino Update
As it stands, three finalists remain for the Richmond casino project:
- Bally’s Richmond Casino Resort
- Live! Casino & Hotel Richmond
- One Casino + Resort
Because no proposal has yet been selected as the winning bid, this move is likely aimed at setting Bally’s up for the final prize. No word yet as to when the final winner will be announced, but it could be only a matter of weeks.