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Virginia casinos report $84.7M in July revenue
July gaming revenues from Virginia’s three casinos totaled $84.7 million, up $6.2 million from June according to the Virginia Lottery.
$10M fulfillment center planned at ex-military tank museum
MerryGoRound will invest more than $10M to establish a live commerce division in Pittsylvania County, creating more than 200 jobs.
Averett plans $18.15M sale-leaseback of North Campus
Averett University, which is weathering a financial crisis, seeks bondholder approval of an $18.15M sale-leaseback of its North Campus
Judge orders Averett dispute to arbitration
Averett University must resolve its $20M endowment dispute with ex-CFO and investment firm GSIS through arbitration, per federal court order.
Reshoring manufacturing is one of President Donald Trump’s priorities
President Donald Trump wants manufacturing jobs to return to the U.S., but it's not as simple as that, experts say
Virginia casinos report $85.4M in May revenue
May gaming revenues from Virginia’s three casinos totaled $85.39 million, according to a June 13 report from the Virginia Lottery.
Danville’s River District Association CEO resigns
Diana Schwartz is resigning as CEO of Danville’s River District Association, effective June 5.
Virginia casinos report nearly $79M in April revenue
April gaming revenues from Virginia’s three casinos totaled $78.76 million, according to an May 15 report from the Virginia Lottery. April’s statewide casino gaming revenues were down $6.43 million from March’s $85.19 million.
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 […]
