{"id":1117146,"date":"2023-08-18T11:00:51","date_gmt":"2023-08-18T15:00:51","guid":{"rendered":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/uncategorized\/danville-casino-rings-up-21-4-million-in-revenue-in-july-city-to-get-lynchburg-news-and-advance\/"},"modified":"2023-08-18T11:00:51","modified_gmt":"2023-08-18T15:00:51","slug":"danville-casino-rings-up-21-4-million-in-revenue-in-july-city-to-get-lynchburg-news-and-advance","status":"publish","type":"post","link":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/casino\/danville-casino-rings-up-21-4-million-in-revenue-in-july-city-to-get-lynchburg-news-and-advance\/","title":{"rendered":"Danville Casino rings up $21.4 million in revenue in July; city to get … – Lynchburg News and Advance"},"content":{"rendered":"

The Danville Casino brought in about $21.4 million in casino gaming revenue during the month of July, according to figures from the Virginia Lotterys casino gaming activity report posted Tuesday. <\/p>\n

That is an increase from nearly $19 million generated in June. <\/p>\n

The casino generated nearly $15.9 million in revenues from its 767 slot machines and about $5.5 million from its 25 table games, according to the report. <\/p>\n

Patrons play games at Danville Casino, Caesars Virginias temporary gaming facility, after it opened its doors May 15 in Schoolfield. The facility brought in about $21.4 million last month. <\/p>\n

Julys gaming activity at the Danville Casino resulted in about $3.85 million in gaming-tax revenue, with nearly $1.3 million of that expected to go to the city of Danville, according to the Virginia Lottery. <\/p>\n

In addition, the city will receive a $535,210.36 direct payment from Caesars as part of their agreement, for a total of about $1.8 million, said Danville Finance Director Michael Adkins. <\/p>\n

Under the agreement between the city and Caesars, Danville gets 2.5% of the first $200 million in total gaming revenue from Caesars. Thats in addition to the gaming-tax revenue that goes to the city. <\/p>\n

That percentage will increase once gaming revenues at Danville Casino exceed $200 million. <\/p>\n

Before a casino referendum passed among Danville voters in November 2020, the city formed an Investing in Danville Committee to develop strategies for investing gaming-tax revenues from the casino. <\/p>\n

Danville Casino, Caesars Virginias temporary gaming facility, opened its doors May 15 in Schoolfield. <\/p>\n

The gaming tax revenues purpose was not to support normal city government operations, but to go toward education, economic development, economic opportunity and financial stability. <\/p>\n

Caesars Virginias temporary Danville Casino outperformed Hard Rock Bristol casino last month. HR Bristol brought in about $13.5 million in gaming revenue. <\/p>\n

Rivers Casino Portsmouth generated about $22.3 million in July. <\/p>\n

During July, gaming revenues from Virginia casinos totaled $57.3 million. Virginia law assesses a graduated tax on a casinos AGR, or wagers minus winnings, and $10.3 million in taxes were paid to the Gaming Proceeds Fund, according to the Virginia Lottery. <\/p>\n

John R. Crane (434) 791-7987 <\/p>\n

jcrane@registerbee.com<\/a> <\/p>\n

Get the latest local business news delivered FREE to your inbox weekly. <\/p>\n

<\/p>\n

See original here:<\/p>\n

Danville Casino rings up $21.4 million in revenue in July; city to get ... - Lynchburg News and Advance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Danville Casino brought in about $21.4 million in casino gaming revenue during the month of July, according to figures from the Virginia Lotterys casino gaming activity report posted Tuesday. That is an increase from nearly $19 million generated in June. Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[678864],"tags":[],"class_list":["post-1117146","post","type-post","status-publish","format-standard","hentry","category-casino"],"_links":{"self":[{"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/posts\/1117146"}],"collection":[{"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/comments?post=1117146"}],"version-history":[{"count":0,"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/posts\/1117146\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/media?parent=1117146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/categories?post=1117146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/tags?post=1117146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}