Home News Virginia reported $38,4 million in gaming revenues for February

Virginia reported $38,4 million in gaming revenues for February

58 views 2 minutes read

In its report for February, the Virginia Lottery revealed a revenue total of approximately $38 millions.

In 2020, the General Assembly of Virginia will put into effect a law allowing casino construction to begin.

Casinos have only been approved in Portsmouth, Norfolk Bristol and Danville.

Hard Rock Hotel & Casino in Bristol, for example, opened its doors on July 8, 2022. Rivers Casino Portsmouth will open on January 23, 2023. Caesars Virginia Danville in Norfolk and HeadWaters Resort & Casino will begin their operation in 2024. This is the completion of all gaming houses approved in Virginia.

In February of this year, Hard Rock Hotel & Casino Bristol, and Rivers Casino Portsmouth, published their combined profits for the half-year – $38,4 million. Slot machine revenue totaled $28,3 million. Board games generated $10 million. Approximately $7 million was also used to pay taxes. These were then paid into the Gaming Proceeds Fund.

The Virginia Senate Finance and Appropriations Committee has unfortunately opposed building a gambling house in Petersburg. This was rejected despite the fact that there was House Bill 1373 which gave residents the right to decide the fate of the gaming house.

The Live! The Cordish Companies, through their Casino brand had planned to build a resort worth $1.4 billion in Petersburg.

Kim Taylor, the Representative who drafted House Bill 1373 expressed her disappointment. She said that the decision hampered the democratic function and economic growth of the community. She argued in her speech that the people of Petersburg deserve to have the chance to determine the future economic growth of their community and not rely on Richmond.

In November last year, residents in Richmond rejected the $565 million casino plan by Urban One.

You may also like

About Us

On iGamingWorld, we provide in-depth analysis, the latest news and opinions from famous people of the gaming industry.

Featured Posts