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Atlantic Union acquisition of American National approved
Richmond-based Atlantic Union Bank’s parent company announced Monday that the Federal Reserve’s Board of Governors has approved its acquisition of Danville-based American National Bankshares, holding company of American National Bank and Trust. The Fed’s signoff was the last regulatory approval needed for the m[...]
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 [...]
$550 million development planned for Pittsylvania’s Axton area
Plans for a $550 million mixed-use development in Pittsylvania County’s Axton area include a five-story, 150-room hotel and a 180,000-square-foot shopping center anchored by a grocery store, but it’s the project’s housing component that most interests the county’s economic development director, Matthew Rowe. “First and[...]
Sentara Halifax hospital construction to start in fall
Sentara Health will begin construction in the fall on a modern acute care hospital to replace the aging Sentara Halifax Regional Hospital in South Boston, with plans to open the facility in summer 2026, the Norfolk-based regional health care system announced Monday as it also released the first renderings of the replacement hosp[...]
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 [[...]
Va. casino revenues total $58.5M in December 2023
Virginia’s three casinos generated $58.5 million in December 2023 gaming revenues, according to data released Friday by the Virginia Lottery. 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 2[...]
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, Ten[...]
Va. economic developers group elects new leaders
The Virginia Beach-based Virginia Economic Developers Association announced its new slate of officers and directors Tuesday. Linda Green, the Danville-based Institute for Advanced Learning and Research’s vice president of economic development, as well as executive director of the Southern Virginia Regional Alliance, will ser[...]
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 commun[...]
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 [...]
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 [...]
Pittsylvania site is top contender for $100M battery project
Updated 4:15 p.m. Nov. 28 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. Tennessee-based Microporous, whose legal entity is MP Assets, confirmed early Tues[...]
