Investor Presentaiton
Development Agreement Process
• Virginia General
Assembly passes
casino bill for first
time
April 2019
November
2019
• Economic Development
Authority (EDA) enters into
a Memorandum of
Understanding (MOU) with
Rush Street Gaming
•
City Council approves
Cooperation Agreement
with EDA (R-19-38)
• Virginia General
Assembly passes
casino bill for second
time
• Portsmouth
commences
negotiation of a
Development
Agreement with Rush
Street Gaming
April 2020
May 12-14 &
19, 2020
• Discussions with
City Council &
EDA regarding
Development
Agreement
• Council
designates Rush
Street Gaming
Preferred Casino
Gaming Operator
(2020-47)
⚫EDA and Rush
Street execute
Development
Agreement
May 26, 2020
PORTSMOUTHVA
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