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PETERSBURG – The state Lottery Department has approved Petersburg’s paperwork to host a casino, so now the only left between now and a November vote is a judge’s approval for the referendum. 
In a July 9 letter to City Manager March Altman and City Attorney Tony Williams, the Lottery Department – which oversees casino operations in Virginia – said it was certifying Petersburg as a casino host city and granting permission “to proceed to the local referendum.” Should the Petersburg Circuit Court agree, then that referendum would be held during the Nov. 5 general election. 
City Council has scheduled a special meeting for 8:30 a.m. Monday to officially adopt a resolution asking for the referendum’s approval. Petersburg spokesperson Joanne Williams said the city will make an official statement on the approval at that meeting. 
PPE Casino Resorts Petersburg LLC, the city’s casino operator, wants to build a $597 million casino, hotel and entertainment complex on 92 acres of land on Brassfield Parkway, just off Wagner Road and Interstate 95 in south Petersburg. That complex will be built in two phases – a $142 million interim casino that would open within a year should the referendum be approved, and a $454.2 million permanent location to include the casino, five-star hotel, numerous restarurants and an entertainment venue. 
Over 15 years, PPE will build a multi-use community around the casino complex featuring retail, office and residential space. 
According to the paperwork filed with the Lottery Department, PPE plans to finance up to 50% of the casino construction through a loan with Buffalo, New York-based M&T Bank. 
The entire project will be funded through PPE’s cash equity. No Petersburg money will go toward building it. 
PPE is a limited liability corporation owned by Maryland-based The Cordish Companies and Bruce Smith Enterprise, a Tidewater-based firm owned by former Virginia Tech football star and NFL Hall of Famer Bruce Smith. 
The lottery department’s approval came nine days after Petersburg officially became Virginia’s fifth casino-host city. It joins a list that includes Bristol, Danville, Norfolk and Portsmouth. 
Casinos are already up and running in three of those locations – temporary ones in Bristol and Danville connected respectively to Hard Rock and Caesars; and a permanent one, Rivers Casino in Portsmouth. Rivers’ parent company, Rush Street Gaming, was one of five bidders on the Petersburg casino project. 
Petersburg’s location is being dubbed Live! Casino & Hotel Virginia, increasing Cordish’s gaming brand that also includes sites in Florida, Maryland and Pennsylvania. 
Bill Atkinson (he/him/his) is an award-winning journalist who covers breaking news, government and politics. Reach him at batkinson@progress-index.com or on X (formerly known as Twitter) at @BAtkinson_PI. 

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