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Carter Bank vs. Justice family saga continues
Martinsville’s Carter Bank & Trust says a Feb. 12 federal lawsuit filed against it by GLAS Trust Co. contains “false and misleading” allegations as part of a complex financial dispute over debt repayments from loans to West Virginia Gov. Jim Justice, his family and their businesses. GLAS filed suit in the U.S. Dist[...]
Va. casino gaming revenues total $65M in March
Virginia’s three casinos reported about $65.08 million in gaming revenues for March, according to Virginia Lottery data released April 15. Last month, the Bristol Casino: Future Home of Hard Rock reported about $16.27 million in adjusted gaming revenues (wagers minus winnings), of which about $13 million came from its 911 [...]
Atlantic Union completes $507M purchase of American National
Richmond-based Atlantic Union Bankshares completed its acquisition Monday of Danville-based American National Bankshares, parent company of American National Bank and Trust. Based on the $35.31/share closing price Thursday of Atlantic Union common stock, the transaction value was approximately $507 million, according to Atlantic[...]
Henry County airport expansion underway
Blue Ridge Regional Airport in Henry County has completed a larger apron for airplane parking and will soon extend its 5,002-foot runway to 6,000 feet — long enough to accommodate executive jets. A new terminal is also planned as part of a package of about $30 million in upgrades for the airport, according to Jason […]
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 licens[...]
Southern Va. Big Deal: Shattering records
Poland-based Press Glass, a flat-glass fabricator for the commercial construction industry, will gain a competitive edge when it breaks ground on a $155.2 million expansion of its Ridgeway plant in the second quarter. It’s the single largest investment by a business in Henry County‘s history, topping packaging manufa[...]
Southern Va. Year-in-Review: Hitting the jackpot
Southern Virginia is seeing years of preparation for economic development pay big dividends. Businesses ranging from a temporary casino to a biopharmaceutical company to a flat-glass manufacturer announced they were opening or planning expansions in the region in 2023. Local economic development officials say the major draws the[...]
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[...]
$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 Ro[...]
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 [[...]
