After numerous setbacks, Urban One and its CEO Alfred Liggins are again on the precipice of actually obtaining their ONE Casino + Resort. Urban One made headlines with the divestment of its stakes in MGM National Harbor in April, generating an impressive $136.8 million return on a $40 million investment made in 2016.
With the sale of its shares, Urban One had been doubling its focus on efforts to obtain approval for the Richmond, Virginia gaming establishment, despite the Virginia State Senate Finance and Appropriations Committee’s rejection of a casino referendum bill.
