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Virginia Lottery reports record $3.75B in revenue
Sales up about 15% from FY21
The Virginia Lottery posted record sales of $3.75 billion and a record of almost $779.6 million in profits for fiscal year 2022, the lottery’s board announced Tuesday. Sales increased roughly 15% from last year, and the lottery’s profits increased about 1.9% over the prior fiscal year’s record. The lottery’s fiscal year ends on June 30.
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Caesars ups Danville casino investment to $650M
Project now joint venture with Eastern Band of Cherokee Indians
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Caesars Entertainment Inc. has once again upped its investment in the forthcoming Caesars Virginia casino and resort in Danville, this time from $500 million to $650 million, while announcing Wednesday that the Eastern Band of Cherokee Indians is now a joint venture partner in the casino project. Plans for the casino include a 500-room hotel,
Gambling on Hampton Roads
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Roy Corby’s first job at a casino was as a dealer. Now, Corby is general manager of the $300 million Rivers Casino Portsmouth, which is on track to become the first Virginia casino to open in a permanent location. It plans to open in January 2023 at the intersection of Victory and Cavalier boulevards, off
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First Va. casino opens in Bristol
Hard Rock's temporary casino first of four casinos to open in state
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Virginia’s first casino, the Hard Rock Hotel & Casino Bristol, held the grand opening for its temporary casino space Friday. “We are excited to open the temporary casino in Bristol,” Hard Rock International Inc. Chief Operating Officer Jon Lucas said in a statement. “Hard Rock’s rich and storied music legacy is a perfect fit for Bristol,
Training’s in the cards for Hard Rock Bristol
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Mike Pauley started learning poker from his grandfather around age 8 and traveled around the nation playing competitively during his early 20s. When he learned that the Hard Rock Hotel & Casino Bristol was hiring casino dealers, he applied online. “I had thought about having a career somewhere, but I didn’t want to move away
Golden Nugget pulls out of Va. after DraftKings acquisition
Merger will not free up Va. license
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DraftKings Inc. closed its acquisition of Golden Nugget Online Gaming Inc., the Boston-based company announced last week, and Golden Nugget will therefore no longer operate in Virginia. Golden Nugget Online Sportsbook in Virginia said it stopped accepting registrations, wagers and deposits in early May and would no longer offer promotions. For 60 days after the
Caesars Virginia names Danville casino contractor
Whiting-Turner to build $500M casino
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Caesars Virginia has named Baltimore-based Whiting-Turner as the general contractor to build its $500 million resort and casino in Danville, Caesars Entertainment announced Monday. The resort will have a 500-guestroom hotel, a casino with more than 1,400 slot machines and table games, a Caesars sportsbook and a World Series of Poker-branded poker room. It will
Virginians bet $402M on sports in February
Super Bowl contributed to almost 17% increase from January
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Virginians bet almost $402 million in February, according to data released April 1 by the Virginia Lottery. Virginia sports bettors won more than $374 million in February. Since the state legalized sports betting in mid-January 2021, Virginia has recorded $4.1 billion in wagers. February’s gross revenue was decrease of more than $83.6 million from January,
College sports wagering bill wasn’t good bet
Va. residents still can't bet legally on in-state teams
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RICHMOND, Va. — Six Virginia men’s and women’s basketball teams made it into March Madness, but state law prevents fans and bettors from placing wagers on their favorite in-state college teams. Lawmakers attempted to change that law this session. Sen. Monty Mason, D-Williamsburg, introduced Senate Bill 576 that would allow Virginia sports bettors to bet
Dumfries’ Rose gaming resort could have big local impact
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Athough casinos being built in four Virginia cities have grabbed the lion’s share of media attention, construction is also underway on The Rose, a $400 million gaming facility and hotel in Prince William County that represents an additional outcome of the state’s 2020 casino legislation. Colonial Downs Group is building the hotel and conference center