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Casino
April 16, 2024
Bruce Smith and The Cordish Companies Unveil New $1.4bn Project
The Cordish Companies together with Bruce Smith Enterprise unveiled details regarding Live! Gaming & Entertainment District, a new project with a $1.4 billion price tag located in the City of Petersburg, Virginia. Teaming up, the two companies confirmed their intention to codevelop the luxury gaming, hospitality and entertainment resort that will be positioned near Interstate […]
Casino
April 16, 2024
Virginia’s Bristol Casino Achieves Historic Revenue Milestone
The Bristol Casino in Virginia, US, set to become the Hard Rock Casino, has marked a historic milestone by surpassing its previous revenue records in March, with an astonishing $16.3 million in adjusted gross income. This figure, released in a report by the Virginia Lottery, represents a remarkable 9% increase over its previous best month […]
Industry
April 10, 2024
Virginia Gov. Amends Skill Games Legislation, Proposes Strict Rules
Currently, Virginia offers a range of gambling activities, including casino gambling, mobile and retail sports wagering. Additional activities available for residents and visitors of the state include venues offering historical horse racing machines. However, similar to other states, lawmakers in Virginia do not share the same opinion when it comes to skill games, which are […]
Casino
April 8, 2024
Petersburg Casino Legislation Faces Unexpected Setback
Petersburg Governor Glenn Youngkin has sent Senate Bill 628 back to the General Assembly with a recommendation to amend the legislation, indicating that a do-over vote is unnecessary for setting up Petersburg as the fifth casino-host city in Virginia. While this move has raised some concerns, it should not affect the bill’s expected success. The […]
Business
April 3, 2024
Bally’s Remains Bullish on Petersburg Casino Despite Credit Rating Setbacks
Bally’s Corporation just suffered another setback as Fitch Ratings, an American credit rating agency, lowered its outlook on the operator. Previously B+, the company’s rating has now been reduced to B because of the casino company’s precarious financial situation. Fitch is not the only big credit rating agency to lower Bally’s either. Previously, Moody’s and […]
Business
April 2, 2024
Virginia Sportsbooks Record 25% YoY Handle Boost in February
The Virginia Lottery, which regulates sports wagering in the Commonwealth of Virginia, has released the February 2024 report on sports wagering activity submitted by licensed operators in the state. According to official data, between February 1 and February 29, sports fans in Virginia wagered $545,068,429, with $540,138,289 in gross sports gaming revenue from mobile operators […]
Casino
March 4, 2024
Norfolk Successfully Defends Decision as Appeals Court Rejects Casino Lawsuit
In a significant legal victory for the city, Norfolk has successfully fended off a $100 million lawsuit filed by Cordish Companies, the developer of Waterside District. The lawsuit claimed that Cordish should have had the first right to develop a casino in Norfolk and sought damages over the city’s casino plans with the Pamunkey Indian […]
Casino
February 14, 2024
Petersburg City Council Votes Resolution to Advance Destination Resort Project
Last week, the plan to see Petersburg, Virginia turn into the state’s fifth city that would host a casino came one step closer to becoming a reality, thanks to the Virginia Senate clearing Senate Bill 628 that could give the green light to a casino in the city. Now, according to a unanimous decision announced […]
Industry
February 9, 2024
Senate Committee in Virginia Postpones Collegiate Betting Bill
After legalizing sports betting in April 2020, Virginia officially launched its legal market near the end of January 2021. There are currently more than a dozen mobile betting operators, some of which have joined forces with professional sports franchises in the state. Yet, under the existing rules for sports betting, Virginia restricts wagering on in-state […]
Casino
February 9, 2024
Virginia Lawmakers Vote to Exclude Richmond from Casino Consideration
In a decisive move following Richmond voters’ rejection of a casino proposal for the second time, Virginia lawmakers have unanimously voted to permanently remove the city from consideration as a potential casino site. Richmond’s Removal from Casino Eligibility Sealed by 100-0 House Vote The Virginia General Assembly, in a bipartisan effort, passed bills aimed at […]
