Virginia voters green light Danville casino 

by Charlotte Lee Last Updated
Indiana casino sold for $250m

Voters in Virginia have given the green light to a casino development proposal to be headed up by Caesars Entertainment.

Casino Beats reports that Caesars said it will fulfil “the trust the voters have placed in us” after gaining voter approval for a $400 million casino resort development in Danville.

Through the firm’s Caesars Virginia subsidiary, the company vowed to create 900 construction jobs and 1300 operational jobs, in addition to bring a $20 million upfront payment to the city, $38 million in tax revenue and more than $400 million into the Dan River region.

The resort will include at least 300 hotel rooms, full service spa, pool, casino gaming floor, a 2,500 live entertainment theatre, 35,000 square feet of meeting and convention space and a number of bars and restaurants.

Upon revealing initial plans for the development, the operator stated an intention to break ground in late 2021 or early 2022.

The project is aiming to transform the old Dan River Mills Schoolfield site and create a tourism engine for Danville and the region.

Caesars Entertainment chief executive officer Tom Reeg expressed gratitude at the faith shown in the company.

“Caesars Entertainment thanks the voters of Danville for their support of the referendum that will bring Caesars Virginia to Danville,” he said.

“We look forward to fulfilling the trust the voters placed in us by bringing 1300 good paying jobs, tourism dollars and economic development to the city.

The decision to allow casino gaming has also been made in three other Virginia cities, with Norfolk, Bristol and Portsmouth also giving the nod.

Operating partners of those developments will be the Pamunkey Indian Tribe, Hard Rock International and Rush Street Gaming, respectively.

Jobs forum outlines opportunities at new Virginia casino 

A job forum in Virginia will be job seekers the chance to learn more about opportunities at Rivers Casino in Portsmouth.

WTKR reported in September that the virtual forum will detail available jobs at the venue in a range of positions.

Opportunities exist in food and beverage, information technology, security and surveillance, marketing, finance, general administration, human resources, facilities and gaming.

During the virtual forum, Rivers Casino says participants will hear from Rush Street Gaming leaders about how they will build a diverse local workforce, open doors and inspire the community.

“Without exception, Rivers Casinos in other markets have improved the quality of life for our team members and their families,” senior vice president of development for Rush Street Gaming Jacob Oberman said.

“All Rivers Casinos have been voted a top workplace by the employees who work there and we are proud to bring these diverse opportunities to Portsmouth.”

Rivers Casino Portsmouth, when operational, will feature a full lineup of poker machines, table games and poker, as well as several new restaurants, a hotel and conference space.

The casino will crate more than 1300 permanent jobs and 1400 construction jobs.

Eldorado’s acquisition of Caesars is finalised

Eldorado, which started with a single hotel-casino in Reno in 1973 announced on Monday that it has completed a $17.3 billion buyout of Caesars Entertainment and will take the iconic company’s name going forward as the largest casino owner in the world.

Houma Today reported in July that Eldorado said the combined company will now own and operate more than 55 casino properties in 16 states across the US, including eight resorts on the Las Vegas Strip.

“We are pleased to have completed this transformative merger,” former chief executive officer of Eldorado Resorts and now chief executive officer of Caesars Entertainment Tom Reeg said.

Mr Reeg promised to welcome the combined company’s tens of thousands of employees and to create value for stakeholders using “strategic initiatives that will position the company for continued growth.”

The buyout also affects Caesars properties in the United Kingdom, Egypt, Canada, Dubai and a golf course in the Chinese gambling enclave of Macau.

The company vaulted over MGM Resorts International as the world’s largest casino operation.

Trading under the Caesars stock symbol, CZR, will begin Tuesday, said Anthony Carano, company president and chief operating officer.

“We’re excited as a company and a family to lead such an iconic gambling company with 80,000 team members all over the country,” Mr Carano said.

The company plans to shed several properties to satisfy antitrust concerns raised before approvals were granted by the Federal Trade Commission and regulators in Indiana and New Jersey.

In Nevada, executives have said they may sell at least one Las Vegas Strip property.

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