3D Model of Hard Rock Bristol Unveiled For Public View

Hard Rock International Logo
Officials of the proposed Hard Rock Hotel & Casino in Bristol unveiled to the public on Thursday the architectural 3D model of the project which will be built on the former Bristol Mall property. The model will be on display to the public at the former Bristol Mall from September 17-19, 2020.

The project is being spearheaded by local business leaders led by Jim McGlothlin, CEO of The United Co. and Clyde Stacy, the president of Par Ventures and owner of the 46 acre property where the proposed casino and hotel will be built. Florida-based Hard Rock who will manage the facility.

More Than Just A Casino

According to Hard Rock International Senior Vice President of Business and Casino Development Sean Caffrey said that the project will cost upwards of $350M. He emphasized that the development is more than just a casino. As the 3D model revealed, there is a hotel with a rooftop bar and a cabana flanked resort pool.

Seven restaurants and four bars are being planned for the project. Retail shops will also be an attraction while there are other areas like a sports betting shop, golf simulators, and a racing facility for children.

The other side of the property is a huge concert venue for big-name acts. Caffrey said that they’re thinking of something like the Hard Rock Live concept which would have a 3,200-seat capacity for indoor entertainment with a dual-sided stage that opens up to an amphitheater which can accommodate 20,000 people in an outdoor setting

Perk Up The Economy

Before it can be built, the project has to be approved by a public referendum on November 3rd. If the project is approved after the November 3 vote, licensing will follow and that is expected to take three to six months to complete. Once it has obtained a license, the project could take up to two years to complete. Caffrey noted however that entertainment and dining options could be offered at a temporary facility after 90 to 100 days after the licensing period.

The Hard Rock project comes to Bristol at a time when the economy is bleeding due to the COVID-19 pandemic. While the long-term benefits, including a $15M annual tax revenues for Bristol, won’t be there until the project is completed, the construction will help perk up the local economy. Construction costs are expected to directly impact up to $20M to the city and it’s going to provide 2,000 direct jobs as well.

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!

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!