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Gambling News - 'Virginia'
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 […]
Casino
February 8, 2024
Petersburg Casino Momentum Increases as Senate Passes Bill 628
The plan to establish Petersburg, Virginia, as the state’s fifth city to host a casino has inched one step closer to realization. The odds have increased as the Virginia Senate cleared a bill that would possibly greenlight a casino in the city. Senate Bill 628 seeks to redefine the criteria for a host city and […]

Casino
February 2, 2024
Virginia Legislators Ponder Major Expansion of Gambling Industry
Virginia lawmakers find themselves at the center of a heated debate surrounding the potential legalization of what are known as “gray machines” – arcade-style games that bear a striking resemblance to traditional slot machines but incorporate an element of skill. Virginia Lawmakers Clash Over Introduction of Slot-Like Machines into Local Businesses Endorsed by various gambling […]

Casino
January 29, 2024
Debate for Fairfax County Casino Proposal Intensifies
A recent bill is making its way through the House in Virginia, calling for the development of a casino complex in Fairfax County. The proposal is sponsored by State Sen. Dave Marsden and asks for residents of the county to vote on a referendum, which if approved, will permit the development of a casino in […]

Lottery
January 22, 2024
Virginia Lottery Extends and Enhances Partnership with IGT
The leading supplier of technology and solutions, powering gaming and lottery operators across the globe, International Game Technology (IGT), announced a partnership extension with the Virginia Lottery. Announced Monday, the new collaboration extends the partnership between the duo for three years through October 2033. IGT confirmed that the deal was signed between the Lottery and […]
