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The Danville City Council met May 8th to review the casino amendments submitted by Caesars. The construction costs for Caesars Virginia in Danville have risen from an initial estimate of $400 million in 2020 to over $750 million today. As a result, Caesars requested some changes to its development agreement with the city.
Other ‘no’ votes like Krueger, take issue with building more casinos straight up. None of the bill’s proponents spoke in support of the measure on the Senate floor. The state is anticipating $500 million from each of three new casino licenses it plans to dole out by the end of the year, including potentially to Cohen. Hochul has publicly refrained from weighing in for or against Cohen’s or other ongoing casino proposals, so it’s unclear if or when she may be motivated to act on the measure.
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The announcement followed the Virginia Lottery Board’s decision this week to issue a gaming license to the casino, the third casino license in the state. Danville Casino, the Future Home of Caesars, will open today May 15, 2023. This temporary casino will operate 24/7 at 1100 West Main St. in Danville until the full-scale Caesars Virginia opens in late 2024. Construction of the permanent Caesars Virginia began in August 2022. The 12-story hotel structure of steel and concrete has been completed, and windows are being installed on the first six floors. Similarly, the casino floor is poured and the casino’s steel structure is completed.
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