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Va. casinos report almost $53M in January revenue
January gaming revenues from Virginia’s three casinos totaled $52.86 million, according to Virginia Lottery data released Thursday. 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. Last month, the Bristol casino generated about $9.9 million fro[...]
Top Five February 2024
The top five most-read daily news stories on VirginiaBusiness.com from Dec. 15, 2023, to Jan. 15 were led by the announcement that Fortune 500 IT company DXC Technology replaced its top executive. 1 | DXC Technology replaces Mike Salvino The Ashburn-based company replaced Salvino, its chairman, president and CEO, with interim President and […]
Caesars Virginia ‘tops off’ Danville casino
Caesars Virginia is a step closer to opening its permanent casino in Danville after a topping-off ceremony Thursday. Though the temporary casino opened in May 2023, work on the permanent Caesars Virginia casino and 12-story hotel has been ongoing. The floor of the casino has been poured, metal framing is in place and the hotel […]
Pittsylvania site is top contender for lithium-ion battery plant
The Southern Virginia Megasite at Berry Hill in Pittsylvania County is the top contender for a lithium-ion battery manufacturing project that could top $1 billion in investments and about 1,500 jobs, according to its CEO. After a $100 million grant for the project was announced by the U.S. Department of Energy Nov. 27, 2023, Tennessee-based […]
Lynchburg and Danville law firms to merge
The law firms of Petty, Livingston, Dawson & Richards in Lynchburg and Southern Virginia Legal (SoVa Legal) in Danville will merge to become PLDR Law beginning Jan. 1, 2024, the two law firms announced Wednesday. Together, the two firms will jointly have 16 attorneys and have offices in Lynchburg and Danville, serving communities across Central […]
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 […]
Danville considers new rules for short-term rentals
Amid a boom in local short-term residential rentals like Airbnbs, Danville officials are examining ways to regulate the practice. Caesars Entertainment opened its temporary Danville Casino in May, drawing some area visitors. Additional factors driving short-term rentals, speculates Danville City Manager Ken Larking, may include construction on local projects such as the $100 million White [&hellip[...]
New IALR lab to feature ‘automagic’ manufacturing tech
Butch Kendrick once worked in a factory making plywood suitcase components. Each time he ran a strip of plywood through a planer, he heard a loud, screeching whine. “I would hear that noise in my head until I went to sleep,” Kendrick says. “And I’ve never forgot that. Anyone who works in manufacturing, if I […]
Va. localities crack down on short-term rentals
RICHMOND, Va. — Several Virginia municipalities have recently drafted or passed ordinances to regulate short-term rentals. Scrutiny of short-term rentals mirrors a nationwide trend. Companies like Airbnb and Vrbo have become popular lodging options for tourists, as well as people in need of temporary housing. Municipalities have pushed back against the rental options for reasons […]
Economic Development 2023: TELLY TUCKER
A graduate of James Madison University, Tucker previously was director of Arlington Economic Development, and also served five years as director of economic development for Danville, before returning to Southern Virginia in May 2022 to head up IALR, a regional hub for advanced manufacturing training initiatives and economic development. This year, IALR’s Accelerated Training in […]
Economic Development 2023: CORRIE BOBE
Bobe is sparking growth in rural Southern Virginia, which is still rebuilding from losing its textiles industry decades ago. In January, city officials participated in the groundbreaking for Dan River Falls, the $85 million public-private mixed-use redevelopment of the shuttered White Mill textiles factory building. And in May, Caesars Entertainment opened a temporary casino in […]
Betting on success
Thousands of new jobs are flowing into Southern Virginia as Caesars Virginia prepares to open its permanent casino resort next year, and industries move into the region or expand. Meanwhile, local economic developers have been pitching the vacant 3,500-acre Southern Virginia Megasite at Berry Hill for megaprojects like electric vehicle assembly and battery manufacturing plants […]
