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Legal
April 18, 2022
Cordish Suffered Legal Setback, Case against Norfolk Dismissed
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 […]
Casino
March 21, 2022
Pittsylvania County, VA to Shut Down Skill Game Operations
A county in Virginia is gearing up to take out all forms of illegal gambling – starting with “skill game” machines which have been enjoying a sort of regulatory break over the past few years. Now, this is about to change as Pittsylvania County attorney, Bryan Haskins, has given operators of such machines a deadline […]
Industry
March 2, 2022
Sportsbooks in Virginia Hit a Record Betting Handle in January
This January marked a record-setting month for sportsbooks in Virginia. The operators in the state nearly hit $500 million in the betting handle, surpassing the record which they set a few months earlier, a report reveals. Betting Handle in Virginia Surpasses $400M for Fourth Month in a Row January 2022 marks another successful month for […]
Casino
February 22, 2022
CDI Expands Live and Historical Horse Racing Geographical Reach
Racing, wagering and gaming entertainment company Churchill Downs Incorporated (CDI) announced today it entered into a definitive agreement to acquire assets of Peninsula Pacific Entertainment (P2E). Acquire Additional Scale The $2.485 billion acquisition deal will see CDI acquire all Peninsula assets in Virginia and New York and its operations of the Sioux City casino in […]
Industry
February 11, 2022
Virginia Legislative Effort to Block Casino Referendums Fails
Voters in Richmond, VA, might see another casino referendum on the ballot this year after all. They rejected the idea of a casino coming to the city last year, but the Richmond City Council wasn’t giving up. It planned to put the measure back on the ballot this year, but a state senator tried to […]
Industry
February 2, 2022
Virginia Sportsbooks Surpass $3B in Betting Handle in 2021
It was back in January 2021 when Virginia launched sports betting. Not unexpectedly, the interest in the activity kept increasing. Judging by recent figures released by the regulator, legal sportsbooks in Virginia hit $3.2 billion in sports betting handle during 2021. Sportsbooks in Virginia Surpass $400M in Betting Handle in December The Virginia Lottery released […]
Industry
January 28, 2022
State Bill to Block Richmond Re-Vote on Casino Referendum Approved
A bill that would allow the Virginia city of Petersburg to hold a referendum on a casino and prevent Richmond from conducting one for five more years was unanimously supported by a Virginia Senate Subcommittee. Five Democrats and four Republicans made up the chamber’s gaming subcommittee agreed to send state senator Joe Morrissey’s legislation to […]
Industry
January 26, 2022
Virginia’s City of Richmond Hopes Tax Cuts Will Sway the Public on Casino Bid
The city of Richmond, VA, was shocked and a little more than disappointed when local residents rejected a casino referendum last November. Not willing to give up the fight, the city is pulling out its bag of tricks to try to gain support. One of these tricks targets locals’ wallets. Tax Breaks for Casino Support […]
Legal
January 17, 2022
Virginia Bill to Amend Operator Deductions and Loss Carryover
Virginia, one of a few states that have collected sports betting state taxes below their tax rates so far, is the first to undertake steps to amend the situation by introducing a bill that will eliminate promotional deductions and loss-carryover for operators. No Promotional Deductions after First Year House Bill 1103 introduced by Delegate Mark […]
Industry
January 10, 2022
Richmond Not Done Yet Trying to Bring Casino to the Virginia City
Voters in Richmond, VA, stunned the city last November when they rejected a casino measure. The city had been working with Urban One to develop a gaming property but needed local voters’ approval. The approval never came, but the city isn’t giving up on its dreams. Reva Trammell of the Richmond City Council is expected […]