Legislators discussing
four new casinos in NC
By Loretta Cozart
Last week, WRAL news obtained a draft bill that would award one company rights to develop three casinos in NC as part of a $1.5 billion dollar investment in the state. The Lumbee Tribe would manage a fourth casino, according to Legislators, even though they currently do not have federal recognition giving them the ability to do so.
The Lumbee Fairness Act was introduced by Senator Tom Tillis in February of this year, and it still awaits federal recognition.
The proposed bill, which was made public by WRAL states, “There is established the Rural Tourism Incentive Program to be administered by the Secretary of Commerce. The purpose of the program is to encourage and promote tourism in rural counties on the State border and along major transportation corridors.
“The program will allow for Gaming, which is a new and expanding component of the tourism industry and is currently allowed in North Carolina on certain Indian lands. As many contiguous states allow gaming, those industry business opportunities and employment opportunities are being lost to the state.”
In addition to the $1.5 billion dollar investment the three casinos would bring the state, applying companies must also invest at least five hundred million dollars in each district. And to be considered, applying companies must also pay a proposal fee of $25,000,000. If an applicant is accepted, their deposit will be credited to the excise tax applicable to that business. If a company is denied, the fee will be refunded.
On Thursday, July 20, Senator Phil Berger said Chamber leaders continue to talk about whether they should permit casinos on non-tribal lands, authorize, and regulate video gambling machines, or both. When asked the odds of a bill reaching Gov. Roy Cooper’s desk, Berger replied, “I’d say better than 50-50. It's a serious discussion.”
According to WRAL, House Speaker Tim Moore told reporters that the casinos would be in Anson, Nash, and Rockingham counties, with a fourth casino being run by the Lumbee Tribe in the southeastern part of the state even if the tribe does not get its long-sought federal recognition.
Coincidentally, a Baltimore developer has already asked for rezoning 192-acres in Rockingham County, the home county of Senator Phil Berger, before the bill being discussed has even gone through both state legislative chambers.
NC Development Holdings has the same North Carolina address as Baltimore based The Cordish Companies. That company has ten business lines, including casinos which are managed by Joseph Weinberg, Managing Partner, and CEO of Cordish Gaming Group. Weinberg is also listed as NC Development Holdings’ Principal’s Authorized Representative
The Cordish Companies’ other business lines include commercial real estate, entertainment districts, gaming, hotels, restaurants, sports anchored districts, co-working spaces, international development, private equity, and residential.
Last week, WRAL news obtained a draft bill that would award one company rights to develop three casinos in NC as part of a $1.5 billion dollar investment in the state. The Lumbee Tribe would manage a fourth casino, according to Legislators, even though they currently do not have federal recognition giving them the ability to do so.
The Lumbee Fairness Act was introduced by Senator Tom Tillis in February of this year, and it still awaits federal recognition.
The proposed bill, which was made public by WRAL states, “There is established the Rural Tourism Incentive Program to be administered by the Secretary of Commerce. The purpose of the program is to encourage and promote tourism in rural counties on the State border and along major transportation corridors.
“The program will allow for Gaming, which is a new and expanding component of the tourism industry and is currently allowed in North Carolina on certain Indian lands. As many contiguous states allow gaming, those industry business opportunities and employment opportunities are being lost to the state.”
In addition to the $1.5 billion dollar investment the three casinos would bring the state, applying companies must also invest at least five hundred million dollars in each district. And to be considered, applying companies must also pay a proposal fee of $25,000,000. If an applicant is accepted, their deposit will be credited to the excise tax applicable to that business. If a company is denied, the fee will be refunded.
On Thursday, July 20, Senator Phil Berger said Chamber leaders continue to talk about whether they should permit casinos on non-tribal lands, authorize, and regulate video gambling machines, or both. When asked the odds of a bill reaching Gov. Roy Cooper’s desk, Berger replied, “I’d say better than 50-50. It's a serious discussion.”
According to WRAL, House Speaker Tim Moore told reporters that the casinos would be in Anson, Nash, and Rockingham counties, with a fourth casino being run by the Lumbee Tribe in the southeastern part of the state even if the tribe does not get its long-sought federal recognition.
Coincidentally, a Baltimore developer has already asked for rezoning 192-acres in Rockingham County, the home county of Senator Phil Berger, before the bill being discussed has even gone through both state legislative chambers.
NC Development Holdings has the same North Carolina address as Baltimore based The Cordish Companies. That company has ten business lines, including casinos which are managed by Joseph Weinberg, Managing Partner, and CEO of Cordish Gaming Group. Weinberg is also listed as NC Development Holdings’ Principal’s Authorized Representative
The Cordish Companies’ other business lines include commercial real estate, entertainment districts, gaming, hotels, restaurants, sports anchored districts, co-working spaces, international development, private equity, and residential.