Organizers of The Rivers Portsmouth Casino Resort project are making steady progress and have unveiled fresh renderings for the approved casino-resort.
The $300 million project in Portsmouth received formal approval from voters in November, with an impressive 2-1 margin. The city collaborated with Rush Street Gaming for this venture.
The resort will be positioned by the builders between Victory Boulevard and Cavalier Boulevard, in close proximity to I-264.
What will be the actual appearance of Rivers Portsmouth Casino Resort? Furthermore, when can we expect the opening of the Portsmouth casino?
We currently possess a few solutions.
A look at Rivers Portsmouth Casino Resort
Approximately 850 viewers, including local businesses and potential vendors, had the chance to learn about the project and partnership opportunities at the virtual vendor fair held by officials on Tuesday.
Officials also unveiled the most recent designs of Rivers Portsmouth Casino Resort during the session.
The Portsmouth casino, unlike the ones in Bristol and Danville, will encounter competition as it faces the presence of the Pamunkey Casino Resort Norfolk, a vast gaming and entertainment complex that has also been approved by voters in Norfolk, similar to its neighboring cities.
With only an eight-mile distance between the two casinos, both establishments aim to offer an impressive experience. Judging by the renderings, it seems that Rivers Portsmouth Casino Resort will indeed provide that desired wow factor.
Some of the renderings showcase the various features of the resort.
- Full-service hotel
- Casino and sportsbook
- Live event center
- Conference and meeting space
- Restaurants and bars
Potential groundbreaking and opening date for Rivers Portsmouth
When is the scheduled opening date for Rivers Portsmouth Casino Resort?
As stated in the presentation materials, the groundbreaking ceremony is scheduled to take place in autumn of the current year. Subsequently, the resort is anticipated to commence operations during the winter season of 2022/2023.
The project’s general contractor, S.B. Ballard-Yates, was recently selected by Rush Street Gaming. S.B. Ballard-Yates is a collaboration between Virginia Beach’s S.B. Ballard Construction and Philadelphia’s national contractor, Yates Construction.
At the vendor fair held on Tuesday, subcontractors were educated about the bidding procedure and were assured that even small-scale businesses would have ample opportunities with the Rivers Portsmouth Casino Resort.
The project aims to generate 1,300 enduring, full-time employment opportunities, along with 1,400 temporary construction positions.
The city officials of Rush Street anticipate that the resort will generate an annual tax revenue of $16 million for the city. Additionally, they project that the casino has the potential to inject approximately $200 million into the region every year.
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