Caesars Virginia in Danville reported a record-setting monthly revenue of $37.99 million in May, surpassing all other casino operations in the state. This financial achievement comes as the casino commemorates its first full year of operation.
What Happened
Caesars Virginia, located in Danville, recorded its highest monthly revenue to date in May, reaching $37.99 million. This figure was disclosed by the Virginia Lottery on Monday. The casino’s May performance not only set a new record for the facility but also positioned it ahead of all other operational casinos in the state, including Hard Rock Bristol, Rivers Casino Portsmouth, The Interim Gaming Hall Norfolk, and Live! Virginia in Petersburg. This breaks a previous high set in March 2023, when revenue reached $36.99 million.
Key Details
- Caesars Virginia’s May 2024 revenue: $37.99 million, a new monthly record for the Danville facility.
- This revenue figure placed Caesars Virginia above all other state casino operations for the month.
- The current casino building, built on the site of the former Schoolfield Mill, officially opened in December 2022.
- The project’s initial budget of $500 million soared to over $650 million due to developmental hurdles, including the COVID-19 pandemic.
- Danville voters approved a referendum allowing a casino in the city in November 2020.
- Prior to the full facility opening, a temporary casino operated in a tent-like structure.
- The “Three Sisters” smokestacks from the Schoolfield Mill have been preserved on the property as a nod to its historical roots.
Why It Matters
The record-breaking revenue for Caesars Virginia underscores the growing success and economic impact of casino operations in the state, particularly in Danville. Surpassing previous revenue highs and outperforming competitors highlights Caesars Virginia’s strong market position and ability to attract significant patronage. This sustained financial performance provides a substantial boost to the local economy and validates the community’s decision to approve the casino project despite the developmental challenges and increased costs during its construction. The casino’s one-year anniversary also serves as a significant milestone, marking its successful integration into the Danville landscape and its role as a major regional entertainment and economic driver.