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Va. casinos report $62.7M in May gaming revenues
May gaming revenues for Virginia’s three casinos totaled $62.7 million, according to Virginia Lottery data released June 14. Last month, the Bristol Casino: Future Home of Hard Rock temporary casino reported about $15.46 million in adjusted gaming revenues (wagers minus winnings), of which about $12.4 million came from its[...]
Retro Hospitality adds three hotels to portfolio
Richmond-based boutique hotel advisory and management firm Retro Hospitality has added three Virginia hotels to its portfolio, the firm announced Wednesday. The company now operates The Bee and The Holbrook Hotel in Danville and The Lofts at Downtown Salem in Salem. Other hotels in its portfolio include the Blackburn Inn and Con[...]
Lester Group acquires Williamsburg building supply company
The Lester Group, a Martinsville-based company with a diverse portfolio including lumber products and real estate development, acquired Williamsburg-based Custom Builder Supply on June 3, the company announced earlier in June. Lester Group CEO Jay Dickens declined to release financial terms of the deal. Randy Cooper founded Cust[...]
Sentara boosts Halifax hospital investment to $107M
Last year, Sentara Health unveiled plans to invest $70 million to replace the aging Sentara Halifax Regional Hospital in South Boston with a new acute care hospital. On Tuesday, the health care system announced the investment will be closer to $107 million. “It’s just part of the evolution of the process,” Bria[...]
New South Boston program trains clinical medical assistants
Pretty much as soon as she heard about it, Ravin Townes enrolled in the new certified clinical medical assistant training program, which launched in March through a collaboration between Danville Community College and South Boston‘s Southern Virginia Higher Education Center (SVHEC). Currently employed as a certified nursin[...]
FOR THE RECORD June 2024
CENTRAL VIRGINIA Washington, D.C.-based real estate analytics and data company CoStar Group will receive a grant from the City of Richmond worth several million dollars because of the company’s plan to build an office tower expected to generate more than $30 million in new tax revenue. On April 22, Richmond City Council approved an ordinance […]
IALR hires new manufacturing advancement exec
Jason Wells will join the Institute for Advanced Learning and Research as executive vice president of manufacturing advancement on June 3, according to a release from the Danville-based economic development organization. Wells, who has nearly three decades of experience in high-performance manufacturing, replaces Todd Yeatts, a [...]
Global apparel company VF to leave Martinsville in 2025
VF Corp., a Denver-based global apparel and footwear company with brands including Vans, The North Face, Timberland and Dickies, plans to close its distribution center in Martinsville in March 2025, the company confirmed Wednesday. “As part of VF’s Reinvent strategy, we have evaluated how we are shipping products to best[...]
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 […]
