Close Menu
  • Keno Strategy
  • Keno Variations
  • Keno Odds
  • News
  • Casinos
  • Games
  • Handpays
What's Hot

Bank of Ireland Introduces Gambling Blocks Amid Youth Betting Spike

May 9, 2025

DGOJ Imposes €77.4M Fines on Illegal Gambling Operators in Spain

May 8, 2025

IGT Joins UAE’s Expanding List of Licensed Gaming Suppliers

May 7, 2025
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Facebook X (Twitter) Instagram Pinterest VKontakte
Keno WizardKeno Wizard
  • Keno Strategy
  • Keno Variations
  • Keno Odds
  • News
  • Casinos
  • Games
  • Handpays
Keno WizardKeno Wizard
Home » Costs for Caesars’ Danville Casino Increase Exponentially
Casinos

Costs for Caesars’ Danville Casino Increase Exponentially

May 9, 2024No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

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 construction of the permanent casino has nearly doubled, as suggested by a new report. On Monday, WDBJ confirmed that the cost for Caesars’ Danville casino project has increased to approximately $750 million.

The new sum represents a significant increase of nearly double what was estimated as the initial investment. In light of the increase in capital investment, the company is reportedly collaborating with the city about changes to its development agreement.

The Company Considers Changes to Its Agreement with the City

As a part of the changes, Caesars is anticipating selling between 10 and 20 acres of land to Danville. Provided that this sale is greenlighted by city officials and the land returns to Danville ownership, it is likely going to be used for the development of a new park.

Further changes to the development agreement involve reducing the minimum number of employees for the Danville permanent casino project. While initially, the minimum number of employees was 1,300, Caesars may consider decreasing this number to 900.

Ken Larking, Danville City Manager, who was recently quoted by WDBJ, revealed that over the last couple of years, much has changed. “A lot has changed in the past few years regarding the nature of construction, the nature of the workforce, and some things that come up that we needed to see happen as well,” he explained. Additionally, Larking pointed out: “So, we worked together for the past several months to come up with an agreement we can both be satisfied with.”

See also  Introducing AI Presenters in Online Casino Gaming!

Recently, Caesars released its first quarter results, highlighting a decline despite an increase in iGaming win. The company’s quarterly report revealed that its net revenue for the three months ended March 31, 2024, halted at $2.7 billion. A year-over-year comparison showed a slight decrease when compared to the $2.8 billion result in 2023.

The adjustments to the development agreement between Caesars and Danville were recommended for approval by city staff. Still, the final decision is in the hands of the City Council. A vote on the proposed changes is scheduled to take place at the City Council’s meeting on Tuesday.

Caesars Casino Costs Danville Exponentially Increase
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Svenska Spel Closes Final Casino Cosmopol Venue In Stockholm

April 29, 2025

Brazil’s Land-Based Casino Legalization Faces Political Pushback

April 16, 2025

Thailand Delays Casino Bill Debate Amid Growing Opposition

April 10, 2025

Protesters Demand Withdrawal of Thai Casino Bill Amid Public Outcry

April 7, 2025
Add A Comment

No Comments

  1. demo adagaming168 slot games maxwin online on May 10, 2025 6:41 am

    I like this web site very much so much superb information.

    Your comment is awaiting moderation.
    Reply
Leave A Reply Cancel Reply

Editors Picks

Bank of Ireland Introduces Gambling Blocks Amid Youth Betting Spike

May 9, 2025

DGOJ Imposes €77.4M Fines on Illegal Gambling Operators in Spain

May 8, 2025

IGT Joins UAE’s Expanding List of Licensed Gaming Suppliers

May 7, 2025

UK’s Gambling Tax Proposal Faces Backlash from BGC, BHA

May 6, 2025
Top Reviews

Study Reveals Massachusetts Casinos Fail to Fuel Problem Gambling Surge

New Insights in the Slot Trumps Player Behaviour Report

3 Oaks Releases More Magic Apple, a New Hold and Win Game

Subscribe to Updates

Get the latest creative news and blogs update directly in your Inbox!

Keno Wizard
Facebook X (Twitter) Instagram Pinterest Vimeo YouTube
  • Contact
  • Privacy Policy
  • Terms & Conditions
© 2025 Kenowizard.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.