Welcome to the Future of Petersburg: The Live! Casino Resort
On March 19, 2025, 
Petersburg, Virginia, kicked off a transformative chapter in its history with the groundbreaking of the much-anticipated Live! Casino Resort and Hotel, a $1.4 billion investment set to reshape the city.
Developer Bruce Smith Enterprise, in collaboration with The Cordish Companies, aims to utilize this new space effectively, creating a central hub for gaming, dining, and entertainment that will attract visitors from across the region. The site spans an impressive 92 acres, strategically situated near Interstate 95.
Key Points
- Construction set to unfold over several years, culminating in a world-class destination.
- Estimated to generate $2.8 billion in economic benefits for Central Virginia.
- Creation of approximately 7,500 jobs, including 1,400 permanent positions post-launch.
- Temporary gaming facility slated to open by the end of 2025, providing immediate job opportunities.
Economic Impact and Job Creation
The Live! Casino Resort promises significant economic growth for Petersburg. Upon completion, it will create around $504 million in tax revenue, crucially benefiting the local community with $240 million going directly to the city. A report from WWBT highlights these vast economic implications.
Notably, the development will feature:
- Over 450,000 square feet of gaming, dining, and hotel space.
- A luxurious 200-room hotel with 20 opulent suites and complimentary facilities.
- More than 1,600 slot machines and 65 live-action table games.
A Temporary Facility and Community Support
A temporary gaming facility will soon open, featuring 75,000 square feet of gaming space with immediate job creation for approximately 500 individuals. Developers also commit to enhancing local infrastructure through substantial financial contributions, ensuring community services such as fire and police upgrades.
A Bright Future for Petersburg
The community’s enthusiastic support is evident, with over 80% of voters approving the casino project in the November 2024 referendum. Bruce Smith envisions a significant shift in how Petersburg is perceived—no longer just a stopover but a destination in its own right.
Summary
Petersburg is on the brink of a new era. The groundbreaking of the Live! Casino Resort not only signifies a vital economic venture but also embodies the hopes and aspirations of the community. As we watch this project develop, keep an eye on Petersburg, a new beacon of tourism and entertainment in Central Virginia.
“No longer will people drive past Petersburg; instead, they will make plans to drive to Petersburg.” – Bruce Smith
