The facility would span 1.6m square feet and include a casino with 2,500 slot machines, 90 table games, 30 poker tables and a high-limit gaming area.
Other on-site amenities would include a sportsbook, 250-room hotel, 13 food and beverage venues, retail outlets and a flexible space for live entertainment and conferences.
Bally’s would build the resort on a 61-acre site located north of Powhite Parkway and east of Chippenham Parkway, on the western border of Richmond.
Construction would take approximately 18 months, with Bally’s hoping to open the new facility in 2024. Once operational, Bally’s said the resort could welcome up to 3.7m visitors each year and create 1,700 full-time jobs in the city.