Caesars Virginia opens with $650m resort, boosting regional economy
The resort includes a 90,000-square-foot gaming floor, a 320-room hotel and a variety of amenities, positioning Danville as a destination for entertainment and economic development.
Key points:
– The $650m Caesars Virginia resort includes gaming, dining and hotel facilities, aimed at revitalising the local economy
– The grand opening featured a car parade, a ceremonial first bet by Dennis Rodman and a fireworks display, marking the resort’s official launch
– This development follows Caesars Entertainment’s broader asset optimisation strategy, including the recent $275m sale of the Linq Promenade
Caesars Entertainment has officially opened its $650m Caesars Virginia resort in Danville, celebrating the milestone with a grand event that included local leaders, community members and a variety of activities.
The 90,000-square-foot gaming floor, 320-room hotel and multiple entertainment and dining options are expected to provide a significant economic boost to the region.
The event featured a car parade with race cars and luxury vehicles and a ceremonial ribbon-cutting attended by Caesars executives, including CEO Tom Reeg and COO Anthony Carano, as well as Eastern Band of Cherokee Indians Chief Michell Hicks and local officials.
The expansive resort includes nearly 1,500 slot machines, 79 live-action table games, a WSOP poker room and a live entertainment venue with a capacity of 2,500.
Other facilities include a spa, 50,000 square feet of meeting space and dining options such as Ramsay’s Kitchen by Gordon Ramsay.
Good to know: NBA legend Dennis Rodman placed the first ceremonial bet in the resort’s sportsbook, followed by a fireworks and drone show
Anthony Carano, Caesars Entertainment COO, said: “This beautiful destination encompasses what the Caesars brand is all about.”
Chris Albrecht, Caesars Virginia GM, added: “This has been an impressive development project to see come together over the past couple of years and we couldn’t be prouder to finally open the doors of this beautiful destination.”
Earlier this month, Caesars Entertainment finalised the $275m sale of the Linq Promenade in Las Vegas, with proceeds directed toward debt reduction. Earlier in the year, Caesars used funds from the $500m sale of the World Series of Poker brand for projects like Caesars Virginia.
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