The City of Danville, VA, is quickly moving forward with a bidding process to open the city’s first casino. After receiving proposals from operators in early May, the city has decided to move forward with Caesars Entertainment.
The city has not approved a site for the casino to be built. However, recent reports suggest the former Dan River Mills industrial complex in the Schoolfield area of Danville is in discussion for the casino’s location. As part of the bidding process, Caesars created a flythrough tour of what the new casino property would look like.
The proposed property features 500 hotel rooms, a 2,500-seat concert venue, and a 35,000 square foot convention center. The designs shared with the city include plans for a sportsbook, 2,000 slot machines, 75 table games, and 16 poker tables.
Check out the video highlighting the initial design of Danville’s new casino.
Virginia Changes Stance on Casino Ban
The Commonwealth of Virginia does not currently allow casinos to operate. However, recent legislative changes have provided cities with a democratic process to legalize casino gaming and legalized gambling.
On April 22, the state’s House of Delegates and Senate voted in favor of Gov. Ralph Northam’s amendments to Virginia’s casino legislation. The bill provides authorization to the “host cities” of Bristol, Danville, Norfolk, Portsmouth, and Richmond to vote via referendum on whether to authorize casinos to operate locally. Each city will vote on its referendum during the general election in November 2020, with the exception of Richmond.
Construction of Caesars Casinos Expected to Generate Jobs
The City of Danville could see the creation of nearly 900 construction jobs during the build-out phase of Caesars Entertainment’s new property. Once the casino is completely operational, the city expects approximately 1,300 new jobs created to staff the casino and resort.
The construction of the new casino is expected to cost more than $400 million in capital investment. If approved in the near future, the casino should be completely built in 2023. The City of Danville expects to receive over $20 million in revenue annually from taxes on gaming activity.