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Industry
May 20, 2024
Virginia Governor Vetoes Skill Games Bill
In a move that has stirred significant debate, Virginia Governor Glenn Youngkin vetoed 48 measures on Friday, including a high-profile bill to legalize skill games and establish a regulatory framework for such electronic devices in the state. However, the Governor hinted at his willingness to collaborate with lawmakers and help introduce a more comprehensive solution. […]
Lottery
May 13, 2024
South Boston Man Wins $500K Jackpot from Virginia Lottery Scratcher Game
The Virginia Lottery currently offers a wide range of scratcher games. With dozens of games, prizes vary between $20 and the staggering $500,000. Last week one South Boston man collected the latter prize, after buying a Magnificent 7s scratcher ticket. The lucky man won the game’s $500,000 top prize after purchasing a ticket from the […]
Casino
May 7, 2024
Costs for Caesars’ Danville Casino Increase Exponentially
The leading gaming, hospitality and entertainment company, Ceasars Entertainment, started the work on its permanent casino in Danville, Virginia, a few years ago, in 2022. Ahead of the opening of the resort, planned for this December, the cost of the project has significantly increased. While initially, Ceasars anticipated an investment of approximately $400 million, the […]
Legal
April 18, 2024
Virginia Senate Rejects Youngkin’s Skill Games Amendments
The Virginia Senate rejected Governor Glenn Youngkin’s amendments to a proposal to legalize and tax skill games. However, Youngkin can still opt to veto the legislation and keep skill games banned. Skill games have been a point of contention for years. While similar to slot machines, such games allow players to choose the winning paylines […]
Industry
April 16, 2024
Gov. Youngkin’s Amendments Do Not Sit Well with Skill Gaming Supporters
Supporters of skill gaming in Virginia believe that Governor Glenn Youngkin’s latest amendments to the General Assembly’s recent legislation will hurt small businesses. For context, the governor rewrote a significant portion of the measure. Under the amended law, skill games would be prohibited within 35 miles of commercial casinos or sports betting facilities. Additionally, Youngkin […]
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 […]
