Caesars Entertainment is accelerating its plans to bring a casino to Danville, Virginia, with the opening of a temporary casino expected in mid-2023. Despite the delay in completing the permanent casino until 2024, Caesars remains committed to its vision for a vibrant entertainment hub in the city. The former Dan River Mills industrial complex in the Schoolfield area will serve as the site for the casino, which is expected to inject millions into the local economy and become a major tourist attraction for the region.
Early Launch Prospects:
Caesars Entertainment president and COO, Anthony Carano, recently revealed during a Q3 earnings call that the company aims to open both the temporary casino in Danville, Virginia, and another in Columbus, Nebraska, by mid-year 2023. This announcement comes despite the slight setback in the completion timeline for the permanent casino, as the company remains dedicated to offering a memorable gaming experience to residents and visitors alike.
The Grand Vision:
The permanent Caesars Virginia casino, boasting a staggering cost of $650 million, will be a luxurious entertainment complex. It will feature a 500-room hotel, an expansive casino gaming floor with a variety of offerings, including over 1,300 slots, 85 live table games, 24 electronic table games, a WSOP poker room, and a state-of-the-art Caesars Sportsbook. The property will also include a lavish spa, a delightful pool area, a modern fitness center, and 40,000 square feet of meeting and convention space. The entertainment venue will be capable of hosting up to 2,500 guests, making it an attractive destination for events of all scales.
The Economic Impact:
Danville City Manager, Ken Larking, confirmed the collaboration between Caesars Entertainment and the Virginia Lottery on a temporary casino site. The establishment of the permanent Caesars Virginia casino is projected to generate up to $38 million in tax revenue for the city once fully operational in 2024. This injection of funds will significantly boost the local economy, create jobs, and stimulate tourism, making Danville and the surrounding region a thriving economic hub.
The Joint Venture:
The Eastern Band of Cherokee Indians (EBCI) has also become a joint venture partner in the Danville casino development. Their involvement highlights the casino’s attractiveness to investors and demonstrates a shared commitment to making the project a resounding success. With the collaboration of Caesars Entertainment and EBCI, the casino’s potential for growth and prosperity is further solidified.
The Caesars Entertainment Danville casino project is moving forward with great momentum, as the company sets its sights on an early launch for the temporary casino in mid-2023. Despite the slight delay in completing the permanent venue, the grand vision remains intact. The city of Danville can eagerly anticipate the economic benefits that the casino will bring, including job creation, increased tourism, and a boost in tax revenue. Moreover, with the joint venture partnership with the Eastern Band of Cherokee Indians, the casino’s success is further assured. As construction progresses and excitement builds, it’s clear that Caesars Virginia will be a premier entertainment destination, leaving a lasting and positive impact on the city and the entire region.