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Virginia Beach economic development director resigns
Charles E. “Chuck” Rigney resigned Wednesday from his post as Virginia Beach’s economic development director, city spokesperson Ali Weatherton-Shook confirmed Friday, following a report by The Virginian-Pilot. Rigney had held the position officially for six months after serving as interim director for about eight months following the departure of the department’s former head, Tay[...]
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 […]
Virginians bet $635M on sports in March
Virginians wagered $635.59 million on sports in March, 24.2% more than March 2023, according to Virginia Lottery data released Wednesday. March’s handle was a 16.6% increase from the $545 million Virginians bet in February. Virginia bettors won almost $588 million in March and approximately $495 million in February. “Virginia bettors came back full throttle after […]
Cashing in
In 2019, a state study forecast that if the General Assembly allowed five casinos to operate in five economically disadvantaged Virginia cities — Bristol, Danville, Norfolk, Portsmouth and Richmond — that one-third of the revenue generated would stem from out-of-state visitors. In other words, if you build it, casino backers sang out to the commonwealth’s […]
Apartment buildings in Portsmouth sell for $2.4M
A 17-unit apartment property in Portsmouth sold for $2.4 million, Marcus & Millichap announced Tuesday. Built in 1987, Effingham Green Condos has 17 two-bedroom, one-bathroom units across two buildings on 2 acres. The property is located at 1007 Green St. Capps Equity sold the property to Nouveaux Effingham. Justin Ferguson, Altay Uzun, Theo Jolley and […]
Va. casinos report $57.3M in Feb. revenue
Gaming revenues from Virginia’s three casinos totaled $57.3 million in February, according to Virginia Lottery data released Friday. The Bristol Casino: Future Home of Hard Rock temporary facility opened July 2022, making it Virginia’s first casino. The Virginia Lottery Board approved HR Bristol’s casino license in April 2022. Last month, the Bristol casino generated about [&hell[...]
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 […]
Eastern Va. Year-in-Review: Striking a balance
Economic development directors often try to balance diversifying their community’s industries while playing to regional strengths. Sean Washington, Norfolk‘s economic development director, believes his city found that balance in 2023. Norfolk has found growth around alternative energy, with Lambert’s Point being developed into a launching point for an offshore wind energy hub 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[...]
‘Shark Tank’ casting call is coming to Va.
Virginia entrepreneurs, “the sharks” are coming for you. The casting team of ABC’s “Shark Tank” will hold its first-ever casting call in Virginia at Rivers Casino Portsmouth on April 12. The show is getting ready to film its 16th season with venture capitalists Barbara Corcoran, Mark Cuban, Lori Greiner, Robert Herjavec, Daymond John and Kevin […]
Reddix creates hub for women entrepreneurs
Angela Reddix is making it her business to create economic opportunities for women. “That is my absolute heart’s desire — to make it easier for girls and women to have access to wealth, and that means understanding it. That means being able to see it. That means being able to be invited in rooms where […]
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 […]
