Urban One, Warren Thompson and Darrell Green involved in Richmond casino bidding process

Virginia’s capital city is moving forward with plans to open a multimillion-dollar casino complex, with at least four bids coming in and a handful of Greater Washington companies, executives and former star athletes involved in the proceedings.

By law, only one casino will be built in Richmond, and the city will ultimately select a preferred bid. Proposals were due Monday.

The bidding process follows a law signed by Gov. Ralph Northam last year allowing the “economically challenged” cities of Bristol, Danville, Norfolk, Portsmouth and Richmond, as the legislation referred to them, to open casinos — provided voters in each city sign off on a referendum. Richmond will vote on the casino issue in November. The preferred operator will be selected before the ballot issue. The other cities have already approved casino plans.

Here’s a look at the four bids that we know of for Richmond:

Urban One Inc. (NASDAQ: UONE) — The Silver Spring media company is teaming with Peninsula…

Read the full story from the Washington Business Journal.

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