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Averett names next president, to be installed May 1
Averett University announced Friday it will install its next president, Thomas H. Powell, on May 1, after the sudden resignation of its previous president April 11, who cited his wife's serious medical issue as his reason for stepping down.
Federal ‘uncertainty’ delays start of $1.3B Microporous project in Pittsylvania
Construction on Microporous’ $1.3 billion lithium-ion battery separator plant at the Southern Virginia Megasite at Berry Hill will be delayed from April until June or July, following uncertainty regarding its federal funding, according to a Pittsylvania County official. Matt Rowe, Pittsylvania’s economic development director, said Thursday he feels that the Tennessee company’s $1[...]
Va. casinos report $85M+ in March revenues
March gaming revenues from Virginia’s three casinos totaled $85.19 million, according to an April 15 report from the Virginia Lottery. March’s statewide casino gaming revenues were up $10.02 million from February’s $75.17 million. Last month, Hard Rock Bristol casino reported about $21.33 million in adjusted gaming revenues (wagers minus winnings), of which about $17.35 million [[...]
Averett president steps down after 3 months, citing wife’s illness
David Joyce stepped down Friday as the 15th president of Averett University due to a family medical matter, according to the Danville private school. “It is with a heavy heart I share that my wife, Lynne, has experienced a serious medical diagnosis that will require our fulltime attention,” Joyce said in a statement. “Lynne and […]
Averett files lawsuit alleging ex-CFO, firm ‘drained’ school’s endowment fund
Danville private university Averett University has filed a federal lawsuit alleging its former chief finance officer worked with an investment firm to conceal illicit draws from its endowment that were used to cover budget deficits. In a complaint filed March 26 in the U.S. District Court for the Western District of Virginia, Averett states that […]
Warner worried about Microporous $100M grant
U.S. Sen. Mark Warner, Virginia’s senior Democratic senator, is worried about the possibility of the Trump administration clawing back a $100 million federal grant awarded by the U.S. Department of Energy (DOE) to Microporous, the Tennessee company planning to invest $1.3 billion to build a lithium-ion battery separator facility at the Southern Virginia Megasite at […]
Danville-Pittsylvania authority invests in history
Using a $1.89 million loan from the Virginia Small Business Financing Authority, Danville and Pittsylvania County officials plan to purchase about 289 acres adjacent to the Southern Virginia Megasite at Berry Hill. Members of the Danville-Pittsylvania Regional Industrial Facility Authority (RIFA) unanimously agreed in January to move forward with purchasing the land at 5981 Berry […]
Va. casinos report $75M+ haul for February
February gaming revenues from Virginia’s three casinos totaled $75.2 million, according to a March 14 report from the Virginia Lottery. February’s statewide casino gaming revenues were up $2.86 million from January’s $72.34 million. Last month, Hard Rock Bristol casino reported about $19.75 million in adjusted gaming revenues (wagers minus winnings), of which about $16.43 million[...]
Va. casinos report more than $72M in January revenue
January gaming revenues from Virginia’s casinos totaled $72.34 million, according to a report from the Virginia Lottery released Friday. Last month, Hard Rock Bristol casino reported about $18.52 million in adjusted gaming revenues (wagers minus winnings), of which about $15.16 million came from 1,486 slots and $3.36 million came from 77 table games. The Virginia […]
Goodyear to cut 850 jobs in Danville
About 850 jobs will be cut by the end of the year at Goodyear’s tire manufacturing facility in Danville, according to a document the tiremaker posted Tuesday. The Goodyear Tire & Rubber Co., which is headquartered in Ohio, reached an agreement on Jan. 30 with the United Steelworkers union “to reduce the company’s production capacity […]
Va. casino revenue rose 32% in 2024 over previous year, lottery reports show
The house always wins, Virginia’s three casinos proved in 2024, raking in nearly 32% more in adjusted gaming revenues than in 2023. Some of the gains are related to the fact that Danville‘s Caesars Virginia opened its temporary facility midway through 2023 and was in operation throughout 2024. According to data provided by the Virginia Lottery […]
Hundreds pack into Caesars Virginia on opening day
Hundreds of people descended upon Danville‘s Main Street Tuesday to celebrate the opening of the $800 million Caesars Virginia, the third permanent casino to open in the state. Caesars didn’t shortchange on spectacle for the first day. A faux Roman legionary struggled to climb out of a Rolls-Royce to join Vegas-style showgirls and others for […]
