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Sports betting brings in tax money, gambling helpline calls
RICHMOND, Va. — Football season has kicked off and stretches from September to February. The sport is forecasted to bring in $35 billion in legal bets this season, according to the American Gaming Association. In Virginia it is one of the top types of sports wagers made, according to Virginia Lottery gaming updates. Sports betting […]
Petersburg prepares for casino referendum vote
This November, Petersburg voters will decide the fate of a highly anticipated casino development that could transform the city’s struggling economy. If approved, the proposed $1.4 billion Live! Casino & Hotel Virginia project will be built on an undeveloped 100-acre site off Interstate 95, offering easy access to East Coast travelers. “I have worked for […]
Norfolk Council moves delayed casino forward
Updated Sept. 11, 2024 Norfolk will have a temporary casino open by next November and a permanent resort in 2027 if all goes to plan, as the Pamunkey Indian Tribe and casino giant Boyd Gaming, its new corporate partner, received a fresh start on the long-delayed project from Norfolk City Council on Tuesday. City Council […]
Virginians bet $377.6M on sports in July
Virginians bet $377.6 million on sports in July, up 28.6% from July 2023, according to Virginia Lottery data released Friday. July’s handle was a 9% decrease from the $415 million Virginians bet in June. Virginia bettors won $332.67 million last month and nearly $370 million in June. About $376 million of July’s gross sports gaming […]
Va. casino gaming revenues total $59.3M in July
Casino gaming revenues for Virginia’s three casinos totaled $59.3 million in July, according to Virginia Lottery data released Thursday. Also, the $500 million HeadWaters Resort & Casino in Norfolk, which has been in a holding pattern for the past several months, could be moving forward. The Norfolk Architectural Review Board will discuss new renderings for […]
Caesars Virginia — a work in progress
Lots can change over three years and eight months. Back in September 2020, Danville, its industrial development authority and Nevada-based Caesars Entertainment signed a development agreement naming Caesars the city’s preferred gaming operator and outlining the parties’ obligations. Back then, Caesars budgeted $400 million to build its Caesars Virginia resort casino on the Schoolfield [...]
Va. casinos report $59.5M in June revenues
June gaming revenues for Virginia’s three casinos totaled $59.5 million, according to Virginia Lottery data released July 15. June numbers broke a three-month streak in which the casinos brought in combined totals of more than $60 million, casinos.com noted this week. Last month, the Bristol Casino: Future Home of Hard Rock temporary casino reported about […]
Bristol casino ups the ante for opening
The Hard Rock Hotel & Casino Bristol‘s development team has pushed back the opening of the permanent casino, previously expected in July, and will instead open the approximately $515 million permanent casino resort in late fall. The team — a joint venture between Hard Rock, Par Ventures President Clyde Stacy and The United Co. Chairman Jim […]
Va. casinos report $62.7M in May gaming revenues
May gaming revenues for Virginia’s three casinos totaled $62.7 million, according to Virginia Lottery data released June 14. Last month, the Bristol Casino: Future Home of Hard Rock temporary casino reported about $15.46 million in adjusted gaming revenues (wagers minus winnings), of which about $12.4 million came from its 891 slots, and the remaining roughly […]
Hard Rock Bristol delays permanent casino opening
The Hard Rock Hotel & Casino Bristol‘s development team has pushed back the opening of the permanent casino, previously expected in July, and will instead open its approximately $515 million permanent casino resort in late fall. The team — a joint venture between Hard Rock, Par Ventures President Clyde Stacy and The United Co. Chairman […]
Top Five June 2024
1 | Google investing $1 billion in Virginia data center campuses Google is expanding its Virginia data center campuses this year and is launching a $75 million Google.org AI opportunity fund. (April 26) 2 | Richmond-based attorneys win U.S. Supreme Court case After nine years and through three U.S. presidents, attorneys […]
If it ain’t broke, don’t fix it
Khalid Jones moved to Richmond from New York City’s Upper West Side in April to start his new job as executive director of the Virginia Lottery. Virginia’s River City may move at a slightly slower pace than the city that never sleeps, but Jones found himself instantly at home. Richmond reminds Jones of his youth […]
