a national multimedia powerhouse
Urban One, Inc. will be the majority owner of ONE Casino + Resort. Urban One is a national multimedia powerhouse, serving over 85M households through its cable television networks, TV One and CLEO TV, Radio One with over 60 broadcast stations, and iOne Digital footprint of over 100 digital platforms.
More importantly, they’ve been in Richmond for decades – operating 99.3/105.7 KISS-FM, Praise 104.7, iPower 92.1 The Box Classic Hip Hop, and, through a shared services agreement with Summit Media, ESPN Richmond, Awesome 100.9, Classic Rock 96.5, K95 Country, and 103.7 Your Variety with over 545,000 local listeners.
Beyond Richmond, Urban One also has a minority ownership interest in MGM National Harbor, a gaming resort located in Prince George’s County, MD.
55+ Local Investors
Bringing The Diversity of Richmond
Community buy-in means everything to Urban One. That’s why they’ve worked hard to line up more than 50 local investors who bring with them diversity representative of the Richmond community.
Peninsula Pacific Entertainment
A premium developer of gaming venues
Peninsula Pacific Entertainment will be Urban One’s operating partner in ONE Casino + Resort. They are a premium developer and operator of gaming venues across the country.
Locally, they own Colonial Downs Racetrack in New Kent County and several Rosie’s Gaming Emporiums across Virginia, including one right here in Richmond. They have a track record of providing Richmond and Virginia with a significant increase in gaming revenue which has benefited our roads, schools and community programs, and have contributed over $1.3 million and 1,100 service hours to local Virginia communities.
Beyond Virginia, Peninsula Pacific Entertainment’s properties include top-rated casinos like the Hard Rock Hotel and Casino in Sioux City, IA; the Del Lago Resort and Casino in Waterloo, NY; and the Kansas Crossing Casino + Hotel in Pittsburg, KS.
The global leader in live entertainment
ONE will also partner with Live Nation, a global entertainment company, to extend our entertainment reach and host more than 200 shows annually of all music genres.
Last, but certainly not least, ONE will lift up the local community – providing new jobs, new tax revenue, and new economic activity.
ONE will feature uniquely Richmond restaurants and bars, highlighting local flavor and flair. We will showcase Richmond artists throughout the resort.
And Richmonders will help build and run ONE, as we’re using local and diverse construction firms and prioritizing local vendor relationships and hiring.