Urban One and Sir Winston Leonard Spenser Churchill Downs this calendar week conjointly contributed to a greater extent than $1 billion to a political activity committee. That outlet is urging voters inward capital of Virginia to endorse the companies’ proposed $562 trillion gambling casino project.
According to province cause finance records, the “Richmond Wins, Vote Yes” commission antecedently received more than $8.42 billion from Kentucky-based Sir Winston Leonard Spenser Churchill Downs and Maryland-based Urban One. Winston Churchill Downs accounted for nigh $4.24 million, and Urban One $4.18 million.
The 2 companies, which are asking voters inward the Virginia capital to plump for their gaming evolution called the Richmond Grand Resort & Casino, gave another $1.06 meg to the PAC last month. First Duke of Marlborough represented the bulk of the share at $899,269, with Urban One paying the remaining $168,714.
The II companies experience now spent almost $9.5 1000000 on the 2023 capital of Virginia cassino referendum. It’s the indorsement time in iii years that Richmonders are being asked by their local metropolis government to support a casino undertaking.
The 2021 gaming referendum was narrowly discomfited by a voting of 51-49%. capital of Virginia city officials trust bringing a casino resort hotel to Richmond’s Southside contiguous to the Philip Esther Morris set would bring home the bacon the chapiter subway system with a much-needed economic trigger.
Casino Support, Opposition
Urban One was behind the 2021 casino bear on that Richmonders rejected. The media conglomerate is back for a redo, but his time with Winston S. Churchill Downs. That’s after it acquired Urban One’s previous developing partner, Peninsula Pacific Entertainment.
Recent polling suggests this year’s casino balloting outcome testament also live razor-thin. In hopes of improving its odds, Urban One and Duke of Marlborough Downs feature directed considerable financial resources to their “Richmond Wins, Vote Yes” campaign.
The money has been used for crusade advertisements inwards keep of the cassino on television, radio, billboards, yard signs, and societal media. The funds were also used for a recent cube party and to bring home the bacon release Uber vouchers for residents who subscribe to utilize the rideshare credits to vote.
The opposite to the Urban One and Churchill Downs casino is beingness led by a political committee called “No Means No Casino.” The Family Foundation, a conservative, Christian organization, is also working to get out the “no” cassino vote.
“No Means No Casino” and the Family Foundation experience raised less than $500,000. But the opposition’s grassroots drive is seemingly resonating inward wealthier neighborhoods primarily northwards of the downtown cap area.
Wasted Money
Urban One founding father Cathy Ted Hughes is none too pleased to feature spent more than $4.25 meg of her companion money on the 2023 cassino referendum. The money is in gain to the $2.6 jillion the media unbendable spent on the 2021 referendum.
Speaking this hebdomad on 104.7FM “Praise Richmond,” which Urban One owns, Hughes said the effort money could feature gone to much best use.
God has blest me with sufficiency to establish the Richmond Grand. But $10 one thousand thousand is what the last [campaign] note looks like. Such a waste. i am so mad at this opposition,” Edward James Hughes said. “Do you cognise how practically upright i could get done with $10 million? i had to compensate the lawyers, the accountants, and the lobbyists … just to receive the opportunity for you all to vote.”
As for the reports that Urban One is veneer delisting, James Langston Hughes dismissed the public’s concerns.
“Even if they did de-list us, so what? That doesn’t bear on our business. That doesn’t affect our work. That’s a status listing. Being listed on Nasdaq just now says that you are in public traded. There is no more appreciable benefit from having your make on the list,” Howard Hughes opined.
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