Colonial Downs was the other likely competitor for a casino license in Richmond, but is focused on expanding its gaming presence in the lucrative Northern Virginia market.
The company owns a racecourse and historic equestrian gambling establishment in New Kent County, and Rosie's gaming trading centers in South Richmond, Hampton, Roanoke Counties, and Dumfries, a town in Prince William County that is licensed under the State Casino Act.
The law grants Colonial Downs additional gaming terminals – they look like slot machines but operate on historical horse racing results – as compensation for competition from casinos in up to five cities.
Rosie opened a modest 150 gaming terminal commercial center in Dumfries earlier this year, but Colonial Downs announced plans last week to build a $ 389 million gaming resort in the city that would have up to 1,650 slot machines, a hotel with 200 Rooms and eight restaurants.
The project would be built on 79 acres, including a landfill along I-95 in Northern Virginia. Colonial Downs said the landfill would close 11 years early and become a recreational space next to the gaming resort.
Los Angeles-based Peninsula Pacific owns and operates casinos in Sioux City, Iowa and Waterloo, New York, and the Colonial Downs Racecourse and Rosies Gaming businesses in Virginia.