Boyd Gaming To Take over Casino Project in Norfolk, Virginia

Boyd Gaming is stepping in to revive a stalled casino project in Norfolk, Virginia, originally proposed by the Pamunkey Indian Tribe. After years of delays and setbacks, this significant move marks a potential turning point for the long-awaited development.

Partnership Announcement

Yesterday, Boyd Gaming announced that it would become the tribe's partner in the venture, acquiring a majority ownership stake in Golden Eagle Consulting, the development company initially founded by billionaire Jon Yarbrough. The Pamunkey Tribe will retain a 20% stake in the project.

• The partnership awaits Norfolk City Council approval.

• Boyd Gaming will take over financing, development, and operations.

• The move aims to reignite a $500 million development stalled for years.

Golden Eagle Consulting, established by Yarbrough, was initially formed to bring the tribe's vision of a casino in Norfolk to life. However, the project, which was first proposed in 2017 after the Pamunkey Tribe gained federal recognition in 2015, has faced numerous challenges and little progress.

Why the Project Matters

The Boyd Gaming partnership brings renewed hope for the project, particularly as Boyd is a well-established regional operator with a portfolio of 28 casinos across 10 states, including the Sky River Casino in California, which it operates for the Wilton Rancheria Tribe.

• Virginia legalized sports betting and commercial casinos in 2020.

• Up to five cities, including Norfolk, were approved for casino development.

• Boyd’s involvement could help catch up to competitors like Portsmouth, Danville, and Bristol.

Despite renewed momentum, the Norfolk project faces pressure. While other Virginia cities have made significant progress — with Portsmouth’s Rivers Casino already generating $250 million in its first year — Norfolk’s project has lagged.

Next Steps and Challenges

The delay has frustrated Norfolk officials, including Mayor Kenny Alexander, who voiced concerns that Golden Eagle was running out of time to meet license requirements.

• Boyd and the Pamunkey Tribe must launch a temporary gaming facility by November 2025.

• The temporary site must be near the permanent location.

• Success of the project is crucial for tribal revenue and city development.

Conclusion:
With Boyd Gaming’s experience and financial backing, the long-delayed Norfolk casino may finally move forward. If the partnership gains city approval, it could mark a turning point for both the Pamunkey Tribe and Virginia’s casino landscape — bringing jobs, revenue, and renewed confidence to the state’s growing gaming market.