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For The Record August 2024
CENTRAL VIRGINIA Tobacco giant Altria Group, headquartered in Henrico County, will be allowed to market four different menthol-flavored e-cigarettes, the U.S. Food and Drug Administration said June 21. The announcement came two months after the Biden administration controversially delayed a decision on banning menthol cigarette sales. Marketed under Altria’s NJOY brand, the products are the […][...]
Simmons Equipment announces $8.5M expansion into Russell County
Simmons Equipment, a specialty mining equipment manufacturer based in Tazewell County, plans to expand into neighboring Russell County, Gov. Glenn Youngkin announced Monday. The company expects to invest $8.5 million into converting two buildings in Lebanon, an investment set to create 75 jobs, the governor’s office said. [...]
Bristol casino ups the ante for opening
The Hard Rock Hotel & Casino Bristol’s development team has pushed back the opening of the permanent casino, previously expected in July, and will instead open the approximately $515 million permanent casino resort in late fall. The team — a joint venture between Hard Rock, Par Ventures President Clyde Stacy and The Uni[...]
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 891[...]
Emory & Henry names interim president
Louise “Lou” Fincher, Emory & Henry University’s senior vice president, has been named interim president of the Washington County-based private college beginning Aug. 1, as President John W. Wells steps down and becomes the school’s first chancellor in late July. Fincher is also the inaugural dean of [...]
Hard Rock Bristol delays permanent casino opening
The Hard Rock Hotel & Casino Bristol’s development team has pushed back the opening of the permanent casino, previously expected in July, and will instead open its approximately $515 million permanent casino resort in late fall. The team — a joint venture between Hard Rock, Par Ventures President Clyde Stacy and The Unit[...]
Wise County tech park is growing
Progress continues on the Wise County Industrial Development Authority’s 200-acre Elam Farm industrial site in Wise County, which will expand an existing technology park. With help from various sources, including a total of $1 million from the Virginia Coalfield Economic Development Authority, the project so far has received $[...]
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 […]
Tazewell indoor salmon farm adjusts course
The $228 million Pure Salmon facility on 200 acres straddling Tazewell and Russell counties has hit a snag with construction delays and is pushing back its expected timeline. Tazewell County Administrator Eric Young says construction progress has not proceeded as anticipated on the Virginia branch of the United Arab Emirates-bas[...]
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 slot[...]
Buchanan County expands industrial park
Economic development is booming inside the Southern Gap Industrial Park in Buchanan County, where the county industrial development authority is spending $4 million to develop a new shell building and a 20-acre industrial site. With support from the Virginia Coalfield Economic Development Authority, the park has become a hub for[...]
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 2[...]
