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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 [&helli[...]
Petersburg City Council grants zoning approval for $1.4B casino resort
Petersburg City Council and Planning Commission unanimously gave final approval Tuesday for the zoning permits for Live! Casino Resort — paving the way for site development work to start in preparation for the construction of the multi-phase project. The $1.4 billion casino resort, which will be built on an undeveloped 100-acre site at the intersection […]
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 […]
Va. casinos report $57M in October revenue
Gaming revenues for Virginia’s three casinos totaled $57.04 million in October, according to data the Virginia Lottery released Friday. Last month, the temporary Bristol Casino: Future Home of Hard Rock reported about $13.41 million in adjusted gaming revenues (wagers minus winnings), of which about $11.16 million came from its 898 slots and about $2.26 million […]
Petersburg casino passes with 81% of unofficial vote
Updated Nov. 6 More than 80% of Petersburg voters said yes to the city’s casino referendum, according to unofficial Election Day results from the Virginia Department of Elections, as of 9:45 p.m. Tuesday. The vote gives a green light to Cordish Cos.’ $1.4 billion Live! Casino & Hotel, set to be built on an undeveloped […]
Former NFL, U.Va. football player indicted on embezzlement charges
Real estate developer Christopher A. Harrison, a former University of Virginia and NFL football player, was indicted last week on federal embezzlement charges connected to a downtown Richmond residential project and Petersburg’s former Ramada Inn, which he purchased in 2018 to redevelop. According to a news release by the U.S. Department of Justice, a grand […]
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 […]
Va. casinos report $63.1M in August revenues
August gaming revenues for Virginia’s three casinos totaled $63.1 million, according to Virginia Lottery data released in September. Last month, the Bristol Casino: Future Home of Hard Rock temporary casino reported about $15.94 million in adjusted gaming revenues (wagers minus winnings), of which about $13.29 million came from its 905 slots, and the remaining roughly […]
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 […]
Reports: Novo Nordisk in talks to buy Petersburg Ampac plant
Two South Korean media outlets have reported that the South Korean owner of Ampac Fine Chemicals may sell its manufacturing plant in Petersburg to Novo Nordisk, the Danish global pharmaceutical company. Sources told The Korea Economic Daily that the Seoul-based manufacturing conglomerate SK Group, which purchased Ampac in 2018 for a reported $576 million, is […]
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 […]
Building support
Gov. Glenn Youngkin made headlines last December when he announced a $90 million-plus pitch to launch “Virginia’s Research Triangle.” Initially envisioned as a cooperative initiative among Virginia Commonwealth University, Virginia Tech and the University of Virginia, the triangle was expanded into more of a rhombus following the addition of Old Dominion University to the research […]
