Virginia’s Casino Industry is About to Open Up

For years, Virginia has been one of the few states in the country without any tribal or commercial casinos. Based on new reports, this is about to change. After receiving approval from the House of Delegates, Virginia’s casino industry may finally open up.Virginia Casinos

It’s extremely exciting news for gambling fans in this state. It’s very likely that five casinos will soon open here. Today, we’re going to take a look at how these new regulations finally came together.

Let’s get into it!

Lawmakers in Virginia Continue Pushing for More Gambling Options

Virginia is known for its tough laws towards the gambling industry. For decades, no land-based gambling venues have been able to operate in the state. It was unusual, as several nearby states had large and profitable gambling industries.

Many lawmakers called for these regulations to change. They tried to argue that these gambling venues would help to bring the state millions in additional revenue every year. Until very recently, however, these efforts have failed.

In 2019, another attempt to allow casinos in the state was made. This time, some major state politicians revealed they were interested. Many states around the country recently expanded their gambling markets and were earning serious revenue as a result.

Lawmakers in Virginia recognized the potential from this industry. Two bills to legalize commercial casinos were slowly making their way through the legislative process. In February, it seemed very likely that the bills would officially be approved.

This is a fantastic time to be a casino gambling fan in this state. Virginia’s casino industry is about to expand rapidly.

Virginia’s Casino Industry Gains Support From House

The push to allow casinos in Virginia has been raging for months. This week, the casino bill was unanimously approved by the House of Delegates. The body now joins the Senate, who approved the bills on Saturday.

This process wasn’t easy, though. The Senate and House argued over tax rates for the casino industry for months. Two separate bills needed to be approved here in order for casino gambling to get approved in the state.

The House approved Senate Bill 4 by a 59-35 margin. Later, they approved House Bill 4. Doing so now sends the bills to Governor Ralph Northam.

Hard Rock Bristol Resort and Casino group, one of the main proponents for casino gambling in the state, commented on the decision to the media this week.

“We are pleased that the General Assembly passed HB 4 and SB 36 and are excited about the potential it will bring,” the statement read. “This legislation allows for major economic development projects in Bristol, Danville, Portsmouth, Richmond and Norfolk and will bring thousands of new jobs and millions in additional tax revenue to Virginia. We want to particularly thank Del. Terry Kilgore and Sen. Todd Pillion and the entire Southwest Virginia delegation for their relentless support and hard work, and Senator Louise Lucas  for her vision and commitment to make this legislation a reality.”

It now seems like just a matter of time before Virginia’s casino industry takes off. Analysts expect Governor Northam to approve the bills. Doing so would allow gambling venues to open in Bristol, Danville, Norfolk, Portsmouth and Richmond.

Sports Betting in VA is Still Being Considered

It’s great to see lawmakers in Virginia start to embrace the gambling industry. Soon, this state could have one of the top casino markets on the East Coast. Unfortunately, legal sports betting is still not available in this state.

Since PASPA was removed in May of 2018, every state in the country has been able to set its own laws on the sports betting industry. More than 20 now have legal, regulated sports gambling options up and running.

A few sports gambling bills have been presented here. Thus far, none have been able to make through the legislative session. Some predict that this industry will become legal here before the end of 2020.

It’s clear that the state is changing its stance towards gambling. Virginia’s casino industry is about to open up. Several other neighboring states are also considering allowing land-based casinos to begin operating.

Make sure to stay tuned for updates over the next few months!

Bristol VA’s Casino Plans Are Coming Together

Virginia has been preparing to allow casino gambling for years. Recently, cities here have begun discussing plans on how to collect the revenue from these gambling venues. Officials have now agreed to Bristol VA’s casino plans.

Casino Floor Picture

This casino will be unique for a number of reasons. Today, we’re going to talk about what separates the Bristol casino from some of the others in the state. We’ll also discuss when this state’s casino industry will get up and running.

Let’s get into it!

Virginia Seems Poised to Legalize Commercial Casinos

Gambling laws are changing throughout the country. It seems like every single month, a new state decides to allow casinos or sports betting. Some felt that Virginia would never decide to allow traditional casinos to operate.

This was due to the harsh laws towards gambling here. For decades, lawmakers in Virginia prohibited almost all forms of gambling. Only recently has this begun to change.

Some feel that the removal of PASPA helped to change the state’s laws. After PASPA was removed, a huge number of states began allowing sports betting and are now earning millions of dollars a month by taxing this industry.

Certain officials have been pushing to legalize casinos in Virginia for years. Last month, a bill to allow tribal and commercial casinos in the state made its way through the Senate General Laws and Technology Subcommittee. It’s now being reviewed by the Senate and House.

Most feel that the state will approve these regulations before the end of the year. Some even think these bills are given the green light within the next few weeks. Many cities are already coming up with preparations to collect revenue from these venues.

Bristol VA’s Casino Plans Are Now Being Discussed

It’s not easy to have casino regulations approved in a new state. Different parts of every state need to get on board with the plans. Under Virginia’s casino bill currently being reviewed, Bristol is the only city in the state that’s required to share its casino revenue with neighboring counties.

These plans, overseen by the Regional Improvement Commission, calls for the money earned from this casino to be shared. It’s interesting to see, as the casino in Bristol is expected to be the lowest-earning gaming venue in the state.

Randy Eads, City Manager for Bristol, commented on the way this casino will help to benefit the state.

“I think from the outset, everybody recognized that this project would benefit not just the city of Bristol but benefit the entire region,” he said. “Southwest Virginia as a region needs a financial infusion, and this is one way to allow everybody to benefit from this economic development project at the Bristol Mall.”

Bristol VA’s casino plans are expected to bring the state $35 million in annual taxes every single year. This is based on the 17% tax rate that’s being proposed. Of course, several issues surrounding tax rates have already popped up.

The House and Senate disagree with how much these casinos should pay in taxes. Hope is that this issue is resolved this week.

Virginia’s House and Senate Continue to Debate Casino Tax Rates

By mid-February, it seemed as if the state was just about to formally approve casinos to start opening. Cities had agreed to a set of regulations. Even Bristol VA’s casino plans were agreed to, despite the fact that it lessens the amount of money this city will earn.

Unfortunately, the Senate and House have failed to come to an agreement over tax rates. For that reason, Virginia’s Senate officially rejected the proposed bills. The House and Senate are now trying to find an agreeable middle ground.

A conference committee in Virginia is scheduled to meet on March 7th. Hope is that this committee can resolve these issues. Most agree that legalized casinos will help to bring the state millions in additional revenue every single year.

As of now, sports betting is still not being discussed in this state. That’s likely to change in time. Several nearby states now allow sports gambling and are profiting massively.

Bristol VA’s casino plans have been approved. Now, the House and Senate need to come to an agreement. Stay tuned for more Virginia casino news over the next few weeks!

Virginia’s New Casino Bill Has Been Rejected

For months, lawmakers in Virginia have pushed to have casino gambling legalized in the state. Legislation continued to advance, and many believed it was just a matter of time before casinos became legal. Unfortunately, Virginia’s new casino bill was rejected in the Senate.Virginia Sign

It’s a huge blow for proponents of gambling in this state. Many have argued that regulated casinos will help to bring the state millions of dollars every single year via taxes. Today, we’re going to discuss why this bill was rejected.

Let’s get into it!

The Road to Legal Casinos in Virginia

Virginia isn’t known as a very gambling-friendly state. In fact, very few forms of gambling are actually legal here. In 2013, several politicians in the state began presenting legislation to legalize riverboat casinos.

These bills were eventually struck down. Afterward, it seemed as if regulated casinos would never begin operating in this state. Recently, lawmakers in Virginia have once again begun pushing to legalize land-based casinos.

Last year, another bill was presented in the state to legalize these gambling venues. By November, Virginia’s new casino bill was approved by a Senate Subcommittee. This bill allows for commercial casinos to begin operating in several different cities.

After the approval in November, it seemed as if legal casinos would be finally allowed to operate in the state. Several of the state’s top politicians were praising the details of this new bill. Then, out of the blue, this casino bill was rejected in the Senate.

It’s extremely disappointing news. Some felt that Virginia had the potential to become a major gambling hub on the East Coast. Here’s what we know about this situation so far.

Virginia’s New Casino Bill Has Been Rejected in the Senate

If approved, the bill presented in the state would have allowed for several commercial casinos to open. According to new reports, this bill has been rejected in the Senate. We’re now hearing reports of why this is.

According to the Washington Examiner, the Senate and House could not agree on tax rates for these casinos. The House is said to want a lower tax rate than the Senate. 

The House claims that it wants a tax rate between 15 and 28 percent of the revenue casinos obtain. The Senate wants these gambling venues to be taxed between 27 and 40 percent of their revenue. Disputes over the cost of a casino license are also taking place.

Members of the House argue that a casino license should cost $5 million. The House believes that a license should cost $15 million. It’s clear that these two chambers have some discussions that need to take place.

The Senate has officially rejected Virginia’s new casino bill introduced by the House. Now, the bill will need to be redrafted in order to fit both chamber’s needs.

Casino May Still Be Legalized in Virginia This Year

It might seem as if the push to legalize casinos in Virginia is now over. That’s not necessarily the case, though. Over the next few months, members of the House and Senate will need to negotiate the terms of this new bill.

Both chambers claim they want to see casinos legalized in the state. Lawmakers here recognize the potential to earn revenue from this industry.

Several lawmakers in Virginia are also working to legalize sports betting. Not long after PASPA was struck down, a study was conducted on how legal sports betting would impact the state. For the past two years, sports betting advocates have tried to convince state politicians to approve legislation for the industry.

Most agree that casinos will be approved to operate in Virginia before the end of the year. Several cities here have already expressed a desire to allow casinos. Virginia’s new casino bill came to a halt in the Senate, yet another is likely to be presented before the summer.

There’s a lot happening here. Stay tuned for more updates on Virginia’s gambling industry over the next few months!

Virginia’s Gambling Industry is Ready to Expand

Over the past few months, lawmakers in Virginia have discussed plans to allow commercial casinos and sports betting. It’s a huge change, as in the past, very few forms of gambling were allowed here. Today, we’re going to look at how Virginia’s gambling industry could expand over the next few months. West Virginia

It’s an exciting time for both casino gambling and sports betting fans in the state. There’s a lot scheduled to come here over the next couple of months.

Bill to Allow Commercial Casinos Advances in Virginia

State officials in Virginia have discussed plans to allow casino gambling for years. In 2013, a push was made to start allowing riverboat casinos here. It was nearly approved, yet ultimately failed in the State Senate.

Gambling proponents haven’t given up, though. Many politicians here have continued to push for the legalization of land-based casinos. These gambling venues will help to bring the state millions of dollars, officials argue.

Finally, it appears these casinos may be on their way. In November, a bill to allow commercial casinos in Virginia was approved by a Senate Subcommittee. Lawmakers here are now reviewing this bill to see how it will impact the state.

Before this can be done, several steps need to be taken. The bill still needs to gain approval from the Senate and House. Eventually, residents in Virginia will need to approve the new casino plans, as well.

Virginia’s gambling industry is set to expand soon. This week, several experts began to raise concerns about problem gambling in the state.

Virginia Residents Warn About the Dangers of Gambling Addiction

There are several reasons why Virginia has been so anti-gambling over the years. Lawmakers here have been very concerned about the dangers that this industry poses on society. With Virginia’s gambling industry set to expand, several experts in the state have once again begun warning about the dangers of gambling addiction.

Billy Hoffman, a former gambling addict and current member of Gamblers Anonymous, spoke about the dangers of this new industry. He claims that unlike most substance addiction, gambling offers a sense of hope. Dr. Carolyn Hawley, the president of the problem gambling council in Virginia, spoke about these issues, as well.

“As we’ve seen those markets expand, we’re seeing more people reporting those problems,” she said. “We have to have those discussions and a comprehensive plan in place, because there are some people who develop significant problems. And that hurts the individual. It hurts their families. It hurts their communities.”

Several lawmakers in the state recognize the dangers of this new industry. Fortunately, they have a huge number of other states to ask for guidance. Many states around the country have recently begun to expand their casino and sports gambling laws.

There are certainly more pros than cons when it comes to the gambling industry. Virginia will likely soon begin earning millions of dollars a month in the form of gambling taxes. This is especially true if the state decides to allow sports gambling.

Will Virginia’s Gambling Industry Include Sports Betting?

Since May of 2018, every state in the country has the ability to legalize sports betting. This is thanks to the Supreme Court striking down PASPA. Since that time, 21 states have officially decided to legalize and regulate sports gambling.

Many of these states are now earning a huge amount of money from the industry. New Jersey, in particular, is bringing in an incredible amount of revenue from taxing the state’s legal sports betting operators. Virginia lawmakers seem to recognize this and seem ready to embrace the sports gambling industry.

The state’s sports betting bills recently passed through the Virginia General Assembly. Under this bill, Virginia’s Lottery Board will take control of sports betting regulation. Hope is that the state’s sports betting options are available before the end of the year.

Lawmakers seem to recognize that it’s time for Virginia’s gambling industry to grow. Many states around the country are choosing to earn more money from their gaming markets every month.

It’s still unclear exactly when the first casinos will begin operating here. Several Native American tribes have recently begun presenting plans to open casinos in different parts of the state. In time, Virginia may become one of the East Coast’s gambling hubs.

Stay tuned for more Virginia gambling news over the next few months!

Proposed Casino Resort in South Richmond Awaits Public Approval

Downtown Richmond Virginia VIRGINIA — A forum organized Thursday by councilwoman Ellen Robertson, including a Pamunkey Indian Tribe representative and Richmond leaders, has been set up to give Richmond residents from the 6th district the opportunity to learn more the proposed casino resort that the Pamunkey Tribe are hoping to make a reality in the state’s capitol.

Thursday’s forum will include leaders from the civic and community realms, including Robert Gray, Tribal Government Chief of the Pamunkey Indian Tribe, William Smith, Richmond’s Police Chief, Mark Olinger, director of Richmond’s Department of Planning and Development Review, and Leonard Sledge, director of Richmond’s Department of Economic and Community Development.

The meeting is scheduled to run for two hours, from 6 p.m. to 8 p.m. local time, and will be held at the Bellemeade Community Center.

Casino Details

The Pamunkey Tribe wants to bring a ‘world-class’ resort and casino, a $350 million investment, to Richmond’s Manchester neighborhood.

Four parcels of land on the city’s Southside are either under contract by the tribe or have been purchased by them. The tribe plans to develop the mega resort off Ingram Avenue and Commerce Road, where three parcels of land, totaling 36 acres, are available for their use.

The fourth parcel of tribe-affiliated land is 13-acres worth and located off Jefferson Davis Highway, near Walmsley Blvd. According to the tribe, they would use this off-site parcel property initially as a workforce training facility. Once hiring for the resort is complete, the Jefferson David property will then serve as a beneficial space for the surrounding community, possibly a health clinic or grocery store.

The resort and casino is planned to have a four-diamond, 275-room hotel tower offering ‘stunning views of the James River and Downtown.’ A spa and fitness center, and pool are among the featured amenities. There will also be several exciting dining options, including a luxury steak and seafood restaurant, a sports bar and grill, a buffet, and food court.

“We are very excited about our plans to bring a great resort and casino to Richmond,” said Robert Gray, Chief of the Pamunkey Indian Tribe. “Not only does this help fulfill the government’s intent to use gaming to help us secure our future, but it will also be a great economic boost for the City of Richmond and its citizens.”

Legalized Casino Gambling in Virginia

Currently, Virginia doesn’t allow tribal casinos or commercial casinos, and the state hasn’t been able to be easily budged when it comes to their stance on the issue, but that’s starting to change recently. With legalized gambling becoming more streamlined throughout the country, it’s making Virginia take a close, hard look at how it could benefit their state.

In the beginning of February, the bill to legalize commercial casinos in the state was approved by the Senate General Laws and Technology Subcommittee on Gaming. Next to follow-suit are state officials, with a majority of them thus far giving the green light.

Resident approval will be the last important, crucial piece of the legalization puzzle. If the majority of voters give their approval, the Pamunkey Tribe’s envisioned casino could become a reality, as well as other casino venues in the state.

Bill to Allow Commercial Casinos in Virginia is Making Progress

The gambling industry is one of the hottest topics for lawmakers in Virginia. Many officials here want to see the state expand its number of legal gambling options. This week, a bill to allow commercial casinos in Virginia advanced through a Senate sub-committee.Virginia Sign

This is a huge win for gambling fans and proponents throughout the state. It seems likely that these commercial gambling venues will be approved in 2020.  Today, we’re going to look at the state’s current casino laws, and discuss how they might change this year.

Virginia’s Current Gambling Laws, Explained

Virginia is home to more than 8 million people. Over the past couple of years, more residents here have begun pushing to change the state’s gambling laws. Virginia is known for its hardline stance towards the gambling industry, with almost no legal gaming options available right now.

This includes casino gambling. Virginia is one of the states which does not currently allow any tribal or commercial casinos. This wasn’t always the case, though. In the 1800s, Virginia was home to several major gambling venues.

These were eventually shut down in the early 1900s. Almost all forms of gambling remained illegal here throughout the 20th century. In 1987, Virginia finally legalized a state lottery. Eight years later, lawmakers began pushing to allow riverboat casinos. Unfortunately, this was shot down in the Senate committee.

Another attempt to legalize river casinos was made in 2013. Once again, these plans were quickly shut down. There are several online casinos available in VA, yet none are regulated by the state.

Finally, it appears officials here are open to allowing some gambling venues. A bill to allow commercial casinos was introduced in November of 2019. This week, it was approved by the state Senate sub-committee.

Commercial Casinos in Virginia May Soon Become Legal

The US gambling industry is growing at an unprecedented rate. More states are beginning to realize how lucrative legal casino gambling and sports betting can be. It seems this is the case in Virginia. Lawmakers here are finally beginning to embrace the idea of legal casinos.

This week, the Senate General Laws and Technology Subcommittee on Gaming officially approved the recent bill to legalize commercial casinos in Virginia. This bill is a continuation of another bill, called SB 1126, that called for a study on the impact that casinos would have on Virginia.

State officials are beginning to sign-off on this new legislation. Residents in the state will need to approve new casino proposals before any of these venues can be built. A majority of voters are needed to approve the new plans.

Most agree that Virginia’s casino industry will be successful. There are already several cities here that claim to be interested in opening one of these venues.

Conservative groups continue to raise concerns over this new bill. Fortunately, there are enough statistics available that prove how valuable these venues may be to the state. It seems as if we already know where some of these casinos will open.

Five Virginia Cities May Soon Open Casinos

There are still several steps that need to be taken before the bill to allow commercial casinos in Virginia is approved. Interestingly, there are several states where lawmakers want to see these venues open. Each one is struggling financially and would benefit from the extra revenue obtained through the gambling industry.

For now, Richmond, Bristol, Danville, Portsmouth, and Norfolk have all qualified to open a casino.

Some of Virginia’s top lawmakers are still reviewing ways to regulate the new casino market. As of now, the Virginia Lottery is being tasked with monitoring these venues. Gaming revenue will be taxed at 27%.

Native American casinos may eventually be allowed here, as well. Recently, the Pamunkey Tribe has requested permission to operate a new casino in Norfolk and Richmond. These plans have not yet been approved.

It seems like commercial casinos in Virginia are on their way. Perhaps in time, every state in the country will allow traditional casino gambling. Stay tuned for more updates on this situation over the next few months!

Virginia Lawmakers Take Steps to Legalize Casinos in the State

Wavy Flag for State of Virginia
On Tuesday, a senate committee advanced legislation that would allow voters across five key Virginia cities to hold local referendums to approve casinos. Voter approval will be key before the state can proceed forward with any more momentum to legalize casinos.

Those southern cities include Bristol, Danville, Richmond, Norfolk and Portsmouth. Currently, Virginia is one of the few states that disallow casinos of any kind in the state. However, the state has been moving toward casino legalization within the last few years, after decades of opposing it.

The Case for Legalization

The biggest sponsor for casino legislation in the state has been Democratic Senator Louise Lucas of Portsmouth. He’s adamantly advocated for the people of Virginia to be given the opportunity to determine their own destiny, calling the legalization of casinos a “no-brainer.”

“It’s been 25 years coming!” said Lucas during the first baby steps the Senate committee took last June in favor of getting this bill passed.

Those in favor of legalization argue that large-scale resorts that include casinos will boost the economy, creating new employment opportunities by the amount of jobs that will be generated as a result, as well effectively increasing tax revenues.

In a report recently released by the Joint Legislative Audit and Review Commission, it found that resort-style casinos located in Virginia’s aforementioned southern cities could generate around $260 million annually in new state gaming taxes, and create around 5,000 jobs.

The Case Against Legalization

Conservative groups aren’t optimistic over the benefits legalized casinos could provide to the state, arguing that it will instead create increased issues, such as high rates of people suffering from gambling addictions, along with higher crime rates.

These groups have also warned lawmakers that wealthy developers will be the ones who benefit from the news casinos, not the state’s poor.

It appears the conservative influence on the state has recently started to fizzle out, with the democratic win of the General Assembly majority back in November. It’s the first time democrats have won a majority in the state in over 20 years. The reason for the recent advancement in legislation can be seen as a direct result of GOP leaders losing their influencing power in keeping legislation at a standstill.

Keeping Casinos in the Southern Part of the State

The decision to focus on Virginia’s southern cities as possible casino locations has to do with lawmakers lack of enthusiasm that a casino could do as well in Northern Virginia. This has to do with the fact that MGM Resorts International $1.4 billion resort and casino recently opened in Maryland, a hop, skip, and a jump away from nearby Virginia.

Located across the Potomac River, just outside of Washington DC, MGM National Harbor has the current monopoly in the area. It boasts having a gaming floor “bigger than the White House,” over 300 luxury rooms, and a 3,000-seat theater.

What Comes Next?

Quiet negotiations are currently taking place with regards to legislation, discussing important key points such as the number of casinos the state will allow, and who will be appointed to run them. Jim McGlothlin, a wealthy coal industrialist who is planning to build a Hard Rock casino and resort in Bristol, and the Pamunkey Indian Tribe, who have their sights set on casinos in Richmond and Norfolk, are major contenders as far as potential casino owners go.

Martin Kent, CEO of The United Company, is also looking to have a casino in Bristol. He said this in regard to the legislation surrounding making that happen:

“Even in Virginia, there’s a lot of confusion about what happened last year. I think it’s best probably summed up this way: Any major issue that Virginia, its legislature, is looking to pass will oftentimes go through a re-enactment provision.”

Other key topics in Virginia’s legislature this year are the gambling issues that may arise with legalized casinos, as well as determining whether to legalize online sports betting and/or ban betting machines in convenience stores across the state.

Slot machines in Virginia’s convenience stores fell under a legally gray area in a state that’s been generally opposed to gambling. Since it was argued that a game that involves skill rather than chance is otherwise legal, it allowed for the implementation of slot machines to be overlooked during that time.

Hard Rock May Operate a Casino in Bristol, VA

Earlier this year, lawmakers in Virginia officially approved a plan to expand the state’s gambling industry. Almost immediately afterward, many of the top US casino companies began pushing to open a casino here. News has just come out that Hard Rock International may soon operate a casino in Bristol, VA.Hard Rock Logo

Virginia could establish a strong casino market on the East Coast. Having Hard Rock running casinos here is a great first step. Here’s what we know about these plans.

Virginia Allows More Casinos to Open Up

Virginia isn’t necessarily thought of as a gambling-friendly state. It’s unfortunate, as many lawmakers have continued to push for the legalization of casinos here. The first real attempts came in 1995 when state officials began pushing to open riverboat casinos.

These efforts were all unsuccessful. Another push to open these gambling venues came in 2013. Once again, no bills managed to make it onto the casino floor. Officials tried to convince state politicians that Virginians are gambling in Maryland, which is benefiting the most through taxes.

Finally, things took a turn. In March, legislators in Virginia approved a bill to allow commercial casinos in the state. Several cities are now lobbying to gain approval to open a casino.

Bristol is one city that’s ready to welcome a gambling venue. Randy Eads, city manager of Bristol, commented on the idea of opening a casino to the media this week.

“I cannot think of a better place for Hard Rock Casino to be than here in Bristol, Virginia,” Eads said. “Hard Rock is synonymous with music. With our storied history of music here in Bristol, to have a new partner aligned with the music industry like Hard Rock is, I cannot think of a more exciting time to be in the city of Bristol.”

Hard Rock is Open to Running a Casino in Bristol, VA

Hard Rock International is one of the fastest-growing casino companies in the US. The Seminole Tribe-owned company now has casinos in many states including Nevada, Mississippi, New Jersey, and Oklahoma, among others. It seems that Hard Rock is now open to running the proposed casino in Bristol, VA.

Proponents of this casino recently met with officials at Hard Rock International. According to reports, this meeting was successful.

“Hard Rock’s iconic brand speaks to its deep roots in live music entertainment and world-class memorabilia collection, which will play a prominent role at Hard Rock Casino Bristol. This focus on music will complement our region’s country music heritage and dynamic music scene in the Twin City,” said Jim McGlothlin, CEO of The United Company and a co-partner on the Bristol resort and casino development.

At the same time, Hard Rock is investing $300 million into a new land-based casino in Gary, Indiana. The company is also preparing to open a gambling venue in Rockford, Illinois.

The casino in Bristol, VA, has not been officially approved. It seems likely that state officials will give it the green light within the next few months. It’s an exciting time for gambling fans in this state.

Virginia Isn’t Quite Ready to Legalize Sports Betting

Lawmakers in Virginia are just beginning to embrace the gambling industry. Unfortunately, they don’t seem ready to start regulating sports betting. A bill was presented here that would legalize this form of wagering, yet it hasn’t made much progress in the state legislature.

This is frustrating for many individuals who believe the state would benefit massively from the legalization of this industry. Today, 20 states have officially legalized sports gambling. Most of them are earning millions of dollars every month by taxing this industry.

There’s a chance that sports betting in Virginia could be legalized in 2020, though. House Bill 4 is currently being reviewed by state lawmakers. Specific details of this bill are being withheld.

In order for it to be legalized, cities would need to officially approve this bill. Voters will also need to approve the legalization of sports betting on the 2020 ballot.

Stay tuned for more news on the casino in Bristol, VA over the next few months!

Officials Raise Concerns About New Casino in Norfolk, VA

For years, the Pamunkey Tribe of Virginia has discussed plans to open a casino. Recently, the tribe agreed to pay $10 million for a plot of land in Norfolk, where the proposed casino will be constructed. This week, several Virginia city officials raised their concerns over the plans to construct a new casino in Norfolk.

Virginia Sign

There are still several steps the Pamunkey Tribe needs to take before this casino will be approved. Today, we’re going to look at what we know about these casino plans so far. We’ll also look at why officials are hesitant to approve the plans.

Pamunkey Tribe Eager to Open Their First Casino

The Pamunkey Tribe is one of 11 Virginia Native American tribes. It’s the first federally-recognized tribe in the state. For years, heads of this tribe have pushed hard to open a casino venue. Unfortunately, Virginia has a restrictive set of gambling laws that bans full-scale casinos from operating.

Interestingly, the state does allow certain forms of casino-style games. Today, there are several gambling venues in Virginia that offer electronic slot-style games. These machines have grown extremely popular in the state and have generated major revenue.

Earlier this year, several Virginia lawmakers presented a new bill to significantly expand the state’s gambling operations. If approved, traditional casino games such as table games and slot machines will be fully legalized. It will be until 2021 until these plans are officially set into law.

That isn’t stopping the Pamunkey Tribe from working to have casino plans approved. Earlier this month, the tribe agreed to pay $10 million for a plot of waterfront land in Norfolk. The tribe has also presented plans to construct a massive $700 million casino-resort in this city.

Unfortunately, several city officials are raising their concerns with a new casino in Norfolk opening its doors.

Councilmembers Weigh Pros and Cons of New Casino in Norfolk

For many, the idea of a fully-operating casino in Norfolk is extremely exciting. It’s clear that a casino would help to generate revenue earnings for the city. Others worry about the impact it will have on emergency services, local businesses, and crime.

In an official city meeting on Monday, councilmember Andria McClellan raised several questions. She wants to know exactly how much the city will receive in tax revenue. She’s also pointing out the fact that no study has been conducted on exactly how much money a casino here will generate, and what the impact will be on city residents.

Several studies on these matters are being conducted, yet the results will not become available until after the council votes on whether or not to approve the tribe’s purchase of the land tonight. Councilman Tommy Smigiel states that the council is taking this decision very seriously. He’s taking public opinion into account.

Many Norfolk residents are unhappy with the decision to open a casino in the city. Civic League secretary Lorraine Connaughton believes the public simply doesn’t have enough information to make a decision.

“It really came across as people were skeptical … and that they were being railroaded on a deal that they quite frankly don’t have enough information on,” she said. 

We’ll need to wait and see how the city council decides to approach the plans to construct a new casino in Norfolk.

Gambling Options Available in Virginia Right Now

As we mentioned earlier, Virginia has a set of restrictive laws towards the gambling industry. That doesn’t mean it’s impossible to play your favorite casino games in this state. Today, there are several fantastic VA online casinos that are available to residents. Most of them offer a huge range of different gambling options.

Lawmakers in Virginia have not yet taken steps to regulate the online casino industry. Unlike several states such as Delaware and New Jersey, Virginia has set no direct laws on internet casino sites. Interestingly, more people in Virginia are choosing to play at US casino sites every month.

The state of Virginia appears very close to allowing traditional land-based casinos. Before long, lawmakers here may also choose to regulate internet casinos. States with state-regulated online casino platforms are earning millions of dollars a month by taxing these websites’ earnings.

Over the next few months, we’ll see whether or not the new casino in Norfolk will be approved. Perhaps in time, several brick and mortar casinos will begin opening around the state.

Make sure to stay tuned for more Virginia casino news!

Casino Gambling in Virginia Growing More Popular

The US gambling market is growing every single year. This applies particularly to Virginia, which has been largely anti-gambling over the past few decades. Casino gambling in Virginia is more popular than ever before, thanks largely to small slot machine gambling venues spreading around the state.Virginia Sign

Fans of casino gaming here love having the option to place wagers legally. Today, we’re looking at why Virginia has begun to allow casino gambling. We’ll also talk about the future of this state’s gambling market. Let’s get into it!

History of Virginia’s Casino Laws

Virginia has never been known as a gambling-friendly state. For many years, almost all forms of gambling were completely banned here. In 1973, lawmakers in the state began to allow “charitable gambling.”

In 1987, Virginia approved a state lottery. Two years later, the state began allowing pari-mutuel betting, overseen by the Virginia Racing Commission. A push for legal casino gambling establishments started in 1995, yet it failed to make it past the legislative committee.

Gambling proponents here wanted to legalize riverboat casinos. Unfortunately, the state government felt the negative impact of casinos is greater than the potential for revenue gains. For years, all attempts to make full-scale casino gambling in Virginia legal failed to gain any traction.

This finally ended in 2019. Earlier this year, Substitute Senate Bill 1126 was approved by the state’s General Assembly. Almost immediately, casino-style gambling establishments began opening around the state.

It’s important to note that in 2018, lawmakers here approved limited gaming venues to begin operating. Under the current set of laws, these establishments can only run in communities where pari-mutuel gambling is approved by the public.

Casino Gambling in Virginia Growing Quicker Than Expected

Bill 1126 still needs to be reviewed and approved by the Joint Legislative Audit and Review Commission. Once this is done, casinos can begin to operate in certain cities with approval from public voters. That isn’t stopping casino companies from getting their foot in the door.

The Bristol Resort & Casino is awaiting approval to begin operating in Virginia. It will very likely be the first fully-operating casino venue in Virginia.

Since the 2018 limited casino gaming bill was approved, a number small gambling venues have begun opening up. Rosie’s, a major slots-style gambling company, has already opened these gaming halls in Richmond, New Kent, and Vinton. A fourth slot gambling venue is opening up in October in Hampton Roads.

Rosie’s has the ability to open ten of these gambling establishments throughout Virginia. Some feel that this company has a major advantage heading into full-scale casino legalization. Governor Ralph Northan doesn’t believe this is the case.

“I wouldn’t say it’s a head start,” he said. They are doing very well. We just want to make sure — as we move forward with casinos, with gambling in the commonwealth of Virginia — that we do it responsibly. As governor, that’s a priority of mine.”

Bristol Resort & Casino Still Waiting to Break Into Virginia’s Market

Rosie’s has clearly been the first gaming company to break into this state’s gambling industry. As you might expect, a huge number of others are working to enter, as well. Bristol Resort & Casino is still waiting on approval to begin construction.

The Bristol Mall proposed a brand new $250 million casino-resort. It’s the first company to set clear plans for a major casino and resort in the state. This isn’t the only group working to offer casino gambling in Virginia, though.

The Pamunkey Native American Tribe is also working hard to enter this new market. Not long ago, the tribe went public with plans for a $700 million casino-resort. An exact site for this casino has not been chosen, yet tribal leaders claim it could be constructed in a 600-acre area of New Kent.

Virginia may soon become the next US gambling hotbed. If the success of Rosie’s chain is any indication, casinos operating here will have no trouble bringing in players. Make sure to stay tuned for updates to Virginia’s casino laws as they come out!