Pamunkey Tribe Partners with Boyd Gaming on Casino
Pamunkey Tribe Partners with Boyd Gaming on Casino
Pamunkey Tribe Partners with Boyd Gaming on Casino
News summary

The long-proposed Pamunkey Indian Tribe casino project in Norfolk, Virginia, is gaining momentum with Boyd Gaming stepping in as a majority owner of Golden Eagle Consulting, the tribe's development partner. This move, which requires approval from the Norfolk City Council, marks a significant shift aimed at overcoming years of delays since the project was first proposed in 2017. Boyd's involvement will enable it to oversee financing, construction, and operations of the $500 million project, while the Pamunkey Tribe retains a 20% stake. The casino's site at Harbor Park has yet to receive full city approval, and Boyd Gaming's experience is seen as crucial to navigating the project forward. Norfolk Mayor Kenny Alexander has expressed confidence that Boyd's financial strength will facilitate the development of a world-class casino resort. The project faces a tight deadline to secure a gaming license following a 2020 voter approval, or it risks losing its authorization.

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