Cordish Companies Completes Topping-Out Milestone for Permanent Live! Casino & Hotel Virginia Facility
The Cordish Companies and Bruce Smith Enterprise marked the topping-out of Live! Casino & Hotel Virginia, a permanent facility with 1,600 slots and over 70 tables set to open in late 2027. The project is projected to produce $2.8 billion in regional economic stimulus and $504 million in taxes over its first decade. The event advances the transition from the temporary casino that launched in January.
SCCG Take — The scale-up from temporary to full permanent operations in Virginia highlights measured capital deployment in new jurisdictions. Local tax and job projections will be tested against actual performance once the 2027 opening occurs.
The Cordish Companies and Bruce Smith Enterprise held a topping-out ceremony for Live! Casino & Hotel Virginia. The event marks the completion of the highest structural point on the permanent gaming resort under construction in Petersburg, which is scheduled to open in late 2027.
The permanent venue will contain 1,600 state-of-the-art Vegas-style slot machines, more than 70 live-action table games including a 35-table poker room and a sportsbook. It replaces the temporary facility that opened in January with 900 slots and 33 table games.
Ceremony Participants and Project Statements
Virginia officials joined the developers for the beam-raising event, among them Speaker of the House Don Scott, Senator Lashrecse Aird, Delegate Kimberly Pope Adams, Petersburg Mayor Samuel Parham and AnderCorp Chairman and CEO Roy Anderson III.
As reported by G3 Newswire, David Cordish, CEO and Chairman of The Cordish Companies, said: “The topping out of Live! Casino & Hotel Virginia is a defining moment for this project and a significant milestone in the continued expansion of the Live! brand nationwide.” Bruce Smith, Owner of Bruce Smith Enterprise, said: “Today is an exciting milestone not only for Live! Casino & Hotel Virginia, but also for the City of Petersburg and the entire region.” Mayor Samuel Parham said the project represents a major investment in the city and its people.
Scale, Location and Projected Returns
The resort will span 445,000+ square feet of gaming, hotel and hospitality space and include a 200-room upscale hotel with resort pool, spa and fitness centre. It sits at the intersection of Wagner Road and Interstate I-95, 25 miles south of Richmond and 45 miles north of the North Carolina border.
In its first 10 years, the project is projected to generate $2.8bn in economic stimulus along with $504m in tax revenues, including $240m to the City of Petersburg. The milestone keeps the development on track for its planned late-2027 debut.
Reporting: G3 Newswire
Generated by SCCG’s automated editorial system from published source reporting. SCCG Management holds editorial responsibility.
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