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Virginians bet almost $639M on sports in November
Virginians bet $638.8 million on sports in November 2023, up 23.1% from November 2022, according to data the Virginia Lottery released on Dec. 29, 2023. November’s handle is an 11.8% increase from October 2023, when Virginians bet $571 million on sports. Virginia betters won $595.8 million in November and about $507 million in October. About […]
Va. casinos report $51.2M in November revenue
Gaming revenues from Virginia’s three casinos totaled $51.2 million in November, according to Virginia Lottery data released Friday. Virginia’s first casino, the Bristol Casino: Future Home of Hard Rock temporary facility, opened July 2022. The Virginia Lottery Board approved HR Bristol’s casino license in April 2022. The Bristol casino reported a little more than $12 […]
Nasdaq triggers delisting process for Urban One
Nasdaq has begun the delisting process for Urban One, the Maryland-based media company behind the proposed casino in Richmond, because it has not filed quarterly finance reports for fiscal year 2023 on time. The stock exchange’s notification does not affect trading of Urban One or its presence on Nasdaq yet; according to a Friday news […]
Richmond lodge appeals court’s casino ruling
A Richmond nonprofit organization is continuing its effort to block the city’s do-over casino referendum — even though the measure is already on ballots and early voting is underway. Richmond Lodge No. 1 of the Good Lions this week filed a notice to appeal an August decision by a Richmond Circuit Court judge who ruled […]
Richmond casino reintroduced with new name
The corporate backers of a $562 million Richmond casino on Thursday unveiled a new name for the resort casino city voters will consider approving this fall: Richmond Grand Resort & Casino. But not much else appears to be new about the proposed project. Many of the features of the proposed ONE Casino + Resort that […]
Va. Lottery reports record $4.6B in FY23 revenue
Virginia Lottery reported $4.6 billion in sales for fiscal 2023, the first time its sales have broken $4 billion, and record profits of $867 million. Profits increased almost 10% from the last fiscal year, when the lottery reported $779.6 million. The lottery’s fiscal year ends on June 30, and the lottery board announced the results […]
Hospitality | Tourism 2023: JIM McGLOTHLIN
McGlothlin has always had an innate sense for a good business opportunity. He built a fortune from coal mines and then pivoted to hospitality as the coal business began to recede. A William & Mary alumnus, McGlothlin has a bachelor’s degree in psychology and a law degree. He started out as a lawyer in Grundy, […]
Ruling clears way again for Richmond casino referendum
A Richmond Circuit Court judge issued another ruling Wednesday clearing the way for a Richmond casino referendum to appear on ballots this November. Richmond Circuit Court Judge W. Reilly Marchant ruled against the Richmond Lodge No. 1 of the Good Lions Inc., a nonprofit organization that had filed a motion to block the casino vote. […]
Virginians bet nearly $426M on sports in April
Virginians wagered $425.98 million in April, up 6.6% from the year prior, according to data released June 1 by the Virginia Lottery. About $422 million in sports betting revenue came from mobile operators, and the remaining $3.5 million came from casino retail activity out of the temporary Hard Rock Hotel & Casino Bristol and the […]
Va. casinos report $35.4M in April revenue
Gaming revenues from Virginia’s two casinos open in April totaled $35.4 million last month, according to data released Monday from the Virginia Lottery. Rivers Casino Portsmouth, which received its casino license in November 2022 and opened Jan. 23, reported $21.3 million in adjusted gross revenue (wagers minus winnings) in April. Of that, $13.8 million came […]
Caesars Danville opens temporary casino
Virginia’s third casino opened its doors Monday in Danville to hundreds of guests lined up to take a look inside Caesars Virginia’s 40,000-square-foot temporary casino. While the $650 million permanent resort, which is expected to open in late 2024, is being constructed next door, the temporary facility will offer guests eight sportsbook betting kiosks; 740 […]
Virginians bet almost $512M on sports in March
Virginians won $456 million but bet $511.6 million on sports in March, a 9% increase in betting expenditures over March 2022, according to data released Monday by the Virginia Lottery. About $507 million of sports betting revenue came from mobile operators, with the remaining almost $4.59 million coming from casino retail activity out of the […]
