Temporary Virginia casino pays off after exceeding expectations

The temporary Caesars Danville casino in Virginia has exceeded all financial expectations, generating over $220 million in revenue since opening last year and delivering major economic benefits to the city.

Revenue and Economic Impact

Since opening in May of last year, the facility — essentially a small pavilion or tent — has generated more than $220 million in gaming revenue, far surpassing initial projections.

• The city of Danville has received over $20 million, about $7 million more than expected.

• Additional funds are being allocated to improve parks, schools, and economic development initiatives.

• The casino has attracted more than 100,000 visitors per month, with even higher numbers expected once the permanent facility opens.

Employment and Expansion

Danville City Manager Ken Larking expressed surprise at the strong financial performance.

• Staffing levels are projected to triple from 400 to around 1,200 employees, boosting local employment.

• The casino has expanded from 740 slot machines and 25 live dealer tables to 800 slots and 33 tables.

• Visitor growth and increased operations are expected to continue driving significant revenue for the city.

Construction and Future Plans

Construction costs have risen notably over time:

• Initially budgeted at $400 million in 2020.

• Increased to $650 million by 2022.

• Now stands at $750 million as of this month.
  Despite these increases, the permanent Danville Casino remains on schedule to open by the end of the year, continuing its positive momentum.

As it stands, the temporary casino has proven a resounding success, delighting patrons and setting a strong foundation for Danville’s long-term economic growth.