The temporary Caesars Danville casino in Virginia has generated $11.92 million in gaming revenue in the first two weeks since it first opened in mid-May. The Danville casino’s 768 gaming slots brought in most of the revenue at $10.2 million, while the facility’s 25 table games earned $1.7 million. The tax revenue generated due to the gaming activity was $715,521.
As per the latest report from the Virginia Lottery, all three casinos in Virginia combined made $45.5 million in revenue in May, out of which $8.2 million were given to the Gaming Proceeds Fund.
According to city officials, the figures illustrate Danville made the right decision in choosing Caesars Entertainment for its casino. “Part of the reason they were selected is because they have a strong customer loyalty program and a large customer base surrounding Danville,” City Manager Ken Larking said Thursday.
In November 2020, voters approved a Caesars Virginia casino in Danville by a wide margin. The temporary property was opened on May 15 after the Virginia Lottery Board approved the casino license in April. The permanent Caesars Virginia casino resort project is likely to open by late 2024.
In conversation with local media, Larking hinted that the initial success of the Danville casino could be due to the excitement that was generated among the public in the days leading up to the opening of the facility. “We’ll need more information over a longer period to understand what this looks like going forward,” Larking told Danville Register & Bee. “But it’s a great start.”
Country roads, take me home
to the place, I belong
Caesars Virginia 🎶 pic.twitter.com/a0oWU7VCgk— Caesars Virginia (@CaesarsVirginia) April 15, 2023
Taking into account that the Danville Casino was open for only about half the month, it outperformed its competition when compared to the monthly revenues generated by casinos in Bristol and Portsmouth. The Hard Rock Bristol casino made about $12.9 million in revenue in May, while Portsmouth raked in about $20.6 million from Rivers Casino.
Original article: https://www.yogonet.com/international/news/2023/06/19/67575-virginia-caesars-temporary-danville-casino-rakes-in-nearly-12m-within-two-weeks-of-opening-in-may
