A report by Virginia’s Joint Legislative Audit and Review Commission (JLARC) has shown that there are considerable insufficiencies in the state’s gambling regulation and a more centralized approach could significantly improve the oversight of the gambling industry in Virginia. Split Gambling Regulation Does Not Give Adequate Results The JLARC has conducted an extensive study on […]
Virginia is debating whether to add new casinos, but fear of cannibalizing revenue has permeated legislators’ midst. These qualms may now be put to rest following the results of a study that were revealed on Monday. According to the survey, Petersburg and Richmond could support a casino separately or together, but ideally, there would be […]
Nasdaq-listed, leading company boasting the most prestigious gaming brands on the planet Caesars Entertainment has announced a joint venture partnership deal with the Eastern Band of Cherokee Indians (EBCI). According to the terms of the agreement, the two parties will work together to build and open Caesars Virginia, a $650 million casino in Danville, Virginia. […]
Virginia has joined eight other states in exceeding $5 billion in combined sports betting wagering since the launch of sports betting in the state 17 months ago. The state has claimed the ninth spot in terms of total wagering on approved sports events after states New Jersey, Nevada, Pennsylvania, Illinois, Indiana, New York, Colorado, and […]
Sports betting in Virginia first launched in January 2021 and lawmakers are finding ways to increase tax revenue by closing a couple of loopholes. North Carolinians don’t have those problems since sports betting is still struggling to pass legalization. Virginia Lawmakers Eliminate Freebie Loopholes Lawmakers in Virginia took the opportunity of developing the upcoming state […]
On the one side, you have tax increases, corresponding to the increases in market share, and on the other, you have tax increases slowing growth. Who gets it right in the end? Increasing Taxes Selectively – Complex Process Victoria State might be on the verge of a new gaming tax reform, as interested parties are […]
Ahead of the long-anticipated opening of Hard Rock Hotel and Casino in Bristol, Virginia, the company is currently hiring employees. While creating new workplaces is always exciting, the president of the venue revealed that there are challenges. There Is a Housing Shortage in Bristol, Virginia Hard Rock’s temporary casino at the former Bristol Mall will […]
888 Holdings, the company behind several gambling brands and websites, has launched its Sports Illustrated Sportsbook in Virginia. 888 Launched SI Sportsbook in Virginia Following the launch in Colorado in September 2021, the SI Sportsbook is now available to bettors in Virginia as well. The new brand offers the best of 888 and Sports Illustrated […]
Rivers Casino Portsmouth had its topping-off ceremony on May 10. Topping-off is a builders’ rite going back to ancient times in Scandinavia. It celebrates the completion of the building’s vertical construction. Rivers Casino Portsmouth Raises Beam The official event consisted of three main celebratory activities. As mentioned, at the heart of the celebration was raising […]
The Cordish Companies, the real estate developer of the Waterside District in Norfolk, Virginia, saw its legal case against the city dismissed after a Richmond judge ruled that “agreement to agree” creates no obligation under Virginia Law. Agreement Language ‘Unenforceable’ Dismissing the Cordish lawsuit against the city of Norfolk for allegedly breaching their agreement by […]
