Gaming revenue for the Danville Casino dipped slightly again last month, but remained well above its counterpart in Bristol. <\/p>\n
The temporary facility brought in about$19.14 million in September, down from the$19.63 million posted in August. <\/p>\n
The Virginia Lottery released the figures Friday. <\/p>\n
The casino in Bristol another temporary site with more slots and tables brought in $12.71 million. Danville's gaming establishment has consistently beat Bristol revenues since it opened May 15 in Schoolfield. <\/p>\n
The Danville Casino is housed in a giant tent-like structure while construction continues on a full resort expected to open by late 2024. <\/p>\n
On a daily basis, cranes dot the Danville skyline beside three iconic smokestacks reminiscent of a textile mill that once stood on the site as crews work on the $650 million Caesars Virginia endeavor that includes a hotel. <\/p>\n
A slot machine awaits players at the new Danville Casino in Schoofield. <\/p>\n
So far, July was the biggest month with$21.4 million collected. <\/p>\n
The city's tax revenue share from theDanville Casino also nudged down slightly last month to $1.14 million compared to $1.17 million in August, the lottery reported. <\/p>\n
However, anarrangement with Caesars Virginia means the city gets 2.5% of the companys gaming revenue up to $200 million. That's in addition to gaming tax revenue generated. <\/p>\n
Last month, that equates to $478,534, making the total collection for the city closer to $1.62 million for the month. <\/p>\n
When the gaming revenue rises above $200,000, the city's percentage will increase. <\/p>\n
Breaking it down, about $14.25 million came from the 818 slot and $4.88 million was collected from the 25 table games. <\/p>\n
When it opens next year, the full casino will have about 1,400 slot machines and table games. <\/p>\n
Meeting and convention space will total 40,000 square feet with an entertainment venue to accommodate up to 2,500 guests. There also will be restaurants and bars. <\/p>\n
Since the May 15 opening in Danville, the casino has generated nearly $90 million in gaming revenue. <\/p>\n
The Rivers Casino Portsmouth again led the state with $20 million collected last month. <\/p>\n
All threeVirginia casino locations totaled $51.9 million, according to the lottery. <\/p>\n
Charles Wilborn (434) 791-7976 <\/p>\n
cwilborn@registerbee.com<\/a> <\/p>\n @CWilbornGDR on Twitter <\/p>\n Get the latest local business news delivered FREE to your inbox weekly. <\/p>\n <\/p>\n View post:<\/p>\n Danville Casino revenue dips slightly again in September, but still ... - GoDanRiver.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Gaming revenue for the Danville Casino dipped slightly again last month, but remained well above its counterpart in Bristol. The temporary facility brought in about$19.14 million in September, down from the$19.63 million posted in August. Continue reading