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Tourism: Game on
According to the state government, visitor spending across Virginia surpassed $30 billion in 2022, exceeding 2019 expenditures by 4.4%. Nevertheless, business travel still hasn’t returned to pre-pandemic levels, particularly in Northern Virginia. But leisure travel is back and booming. Hotel revenues were up 13% statewide in 2023, compared with 2019, with more rooms sold at […]
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[...]
Virginians wager $633M on sports in December
Virginians bet about $633 million on sports in December 2023, up 25.9% from December 2022, according to data released by the Virginia Lottery on Feb. 1. December’s handle is a 0.88% decrease from November 2023, when Virginians bet $638.8 million on sports. Virginia bettors won more than $569.57 million in December 2023 and $595.8 million […]
Fairfax, Petersburg could hold casino referendums
Two pending Virginia State Senate bills would change the list of locations eligible to host a casino, adding Petersburg and Fairfax County to the mix and removing Richmond. On Tuesday, the Senate Committee on General Laws and Technology’s gaming subcommittee met to discuss these and other measures regarding skill games, sports betting and horse racing. […]
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 […]
100 People to Meet in 2024: Hosts
Nourishing and delighting us, these Virginians welcome us to their communities through food, hospitality and entertainment. Chris Albrecht Senior vice president and general manager, Caesars Virginia Danville In May, the temporary Caesars Virginia casino opened in Danville, led by General Manager Chris Albrecht. A Florida native, Albrecht has worked for Caesars Entertainment for 18 years […]
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 […]
Casino backers gamble on November revote
On Aug. 31, a new name was unveiled for the proposed $562 million resort casino that Richmond voters will be reconsidering in a November referendum: the Richmond Grand Resort & Casino. But not much else appears new about the project. The Richmond Grand Resort & Casino seems virtually identical to the proposed ONE Casino + […]
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, […]
