A $460 Million Investment Set to Transform Regional Gaming and Hospitality

In a bold and transformative move, Churchill Downs Incorporated has opened The Rose Gaming Resort, a $460 million venture that marks a new chapter in Northern Virginia's luxury entertainment landscape. With a grand opening set for November 7, 2024, The Rose promises to redefine high-end gaming and hospitality with its impressive array of offerings. From state-of-the-art historical racing machines (HRMs) to exquisite dining and accommodation options, The Rose is poised to become a premier destination for affluent individuals seeking exclusive and sophisticated experiences.

Key Takeaways:

  • The Rose Gaming Resort will feature 1,650 historical racing machines, significantly more than initially planned.
  • The facility includes a luxurious 102-room hotel, eight upscale food and beverage venues, and ample parking space.
  • Projected to generate $35.5 million in annual tax revenues and create over 500 jobs, The Rose is a major economic driver.
  • A significant $3.6 million contribution to the Town of Dumfries underscores the resort's community commitment.

A Visionary Development in Gaming and Hospitality

The Rose Gaming Resort is not just an addition to the gaming world; it is a visionary development that blends innovation with tradition. With its 1,650 HRMs, The Rose provides an unprecedented gaming experience that combines the thrill of horse racing with the convenience of modern technology. Bill Carstanjen, CEO of Churchill Downs Incorporated, expressed the company's enthusiasm about the project:

"We are excited to announce that The Rose will open with 1,650 HRMs," said Bill Carstanjen, CEO of CDI. Churchill Downs Incorporated.

This expansion from the initially planned 1,150 machines showcases the company’s commitment to offering a comprehensive entertainment experience that caters to both seasoned gamers and newcomers alike.

Luxury Accommodations and Dining

The Rose is more than just a gaming venue; it is a comprehensive luxury resort. The 102-room hotel offers guests a tranquil retreat with opulent amenities and personalized services designed to cater to the most discerning travelers. Complementing the luxurious accommodations are eight distinct food and beverage options, ranging from gourmet restaurants to casual cafes, each offering a unique culinary experience crafted by top chefs. This ensures that every visit to The Rose is not just a stay but an indulgence in the finest hospitality.

Economic and Community Impact

Churchill Downs Incorporated's investment in The Rose is not only an economic boon but also a testament to its dedication to community development. The resort is expected to generate $35.5 million in annual tax revenues, which will significantly benefit local infrastructure and services. Moreover, with the creation of over 500 jobs, The Rose is set to become a vital employment hub in the region.

The company’s commitment to community welfare is further demonstrated through a one-time $3.6 million contribution to the Town of Dumfries and an additional $2.0 million towards a new community center. These contributions highlight The Rose's role in fostering local growth and enhancing the quality of life for residents.

Supporting Virginia's Horse Racing and Agriculture

The Rose Gaming Resort is strategically aligned with supporting Virginia’s storied horse racing and agriculture industries. By integrating historical horse racing into its offerings, The Rose not only preserves but also revitalizes this traditional sport, providing a sustainable model for its growth. This initiative is a key component of Churchill Downs Incorporated's broader strategy to bolster local economies and industries while delivering top-tier entertainment.

Conclusion

The opening of The Rose Gaming Resort heralds a new era of luxury and entertainment in Northern Virginia. With its comprehensive approach to gaming, hospitality, and community involvement, The Rose sets a new standard for what a modern resort can achieve. As it opens its doors to guests, The Rose is poised to become a beacon of sophistication and innovation, offering unparalleled experiences that resonate with today’s affluent lifestyle seekers. In doing so, it not only elevates the gaming and hospitality sectors but also reinforces Churchill Downs Incorporated’s legacy of excellence and community stewardship.