Caesars and EBCI to Build a $650M Casino in Virginia

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iGaming Business

North Carolina casino legislation: Winners and losers

Much of the news emanating from North Carolina this last year revolved around online sports betting. But a recent draft casino bill circulating among legislators in the Tar Heel state has gained some support. The bill has the potential to disrupt fledgling casino developments in Virginia, especially Caesars Virginia in Danville. It also potentially…

Law ・ 31 August 2023

Danville Register & Bee

Danville leaders not worried about possible nearby casino in N.C. They were betting on it.

Danville leaders are not worried about the possibility of a casino coming to Rockingham County just across the border in North Carolina. In fact, such a prospect was inevitable, and that's why they chose such a well-known and iconic casino gaming provider for Danville, say city officials. Danville City Council members and other city leaders pursued…

Finance ・ 26 July 2023

AOL

We checked out the new casino that’s 90 minutes from the Triangle. Here’s your guide

The Caesars casino that opened in Danville, Va., this week may not have a hotel yet, but that doesn't mean you can't spend the night there. We did. Well, not the whole night; the three hours from 1 a.m. to 4 a.m. were enough to catch the vibe of the place and lose all the money we had set aside for gambling ($12). After that, we took a headlight…

Land-based ・ 20 May 2023

Virginia Business

Caesars Danville opens temporary casino

Virginia's third casino opened its doors Monday in Danville to hundreds of guests lined up to take a look inside Caesars Virginia's 40000-square-foot temporary casino. While the $650 million permanent resort, which is expected to open in late 2024, is being constructed next door, the temporary facility will offer guests eight sportsbook betting…

Land-based ・ 20 May 2023

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Danville Casino, Future Home of Caesars, to Open May 15, 2023

Danville Casino, Future Home of Caesars, to Open May 15, 2023 Danville Casino, future home of Caesars, plans to take its first bet on May 15, 2023. Following a successful hearing before the Virginia Lottery Board this morning, Caesars Entertainment, parent company of the Danville Casino and the future Caesars Virginia, along with venture partners…

Live Gambling ・ 27 April 2023

Virginia Business

Lottery approves Danville Caesars casino's license

The Virginia Lottery Board approved the facility operator's license for Danville's $650 million Caesars Virginia casino, which is expected to open in a temporary space on May 15. It's the third casino to receive state approval, following the Hard Rock casino in Bristol and Rivers Casino Portsmouth in Hampton Roads. "For months, the Lottery's Gaming…

Land-based ・ 27 April 2023

Yogonet

Virginia: Caesars eyeing temporary Danville casino opening by mid-2023

Gaming and hospitality giant Caesars Entertainment is eyeing the opening of a temporary Danville, Virginia casino in mid-2023. Executives for the company mentioned the plans during a third-quarter earnings call with investors held Tuesday. The opening would come more than a year before the debut of the permanent $650 million Caesars…

Sports ・ 03 November 2022

Gambling News

Harrah’s Cherokee Valley River Casino Commences Major Expansion Worth $275M

An expansion project for the Harrah's Cherokee Valley River Casino & Hotel in Murphy, North Carolina, worth $275 million commenced on September 29 following the casino's 7 anniversary. The One Feather reported that on September 29 ground was broken for a project that is going to further develop and expand Harrah's Cherokee Valley River Casino &…

Strategy Guide ・ 04 October 2022

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Smoky Mountain News

Tribe, Caesars break ground on $650 million Virginia casino project

The tribe, through EBCI Holdings LLC, will have a 49.5% stake in the project, as will Caesars. A business owner from the City of Danville will hold the remaining 1%, Sneed said. Once complete, Caesars Virginia will include a 500-room hotel and a gaming floor with more than 1300 slots, 85 live table games, 24 electronic table games, a World Series…

Sports ・ 17 August 2022

The Sports Geek

Danville Casino Construction Will Begin This Week

With the demolition of the former Dan River Finishing Mill complete, the construction of Caesars' Danville casino project will begin this week. On Wednesday, Caesars Entertainment and the Eastern Band of Cherokee Indians announced the official start of the project. Said Caesars Entertainment President and Chief Operating Officer Anthony Carano: "We…

Sports ・ 11 August 2022

WSLS 10 News

Danville’s $650 million casino resort construction begins

DANVILLE, Va. - A new casino-entertainment center is coming to Danville soon. On Wednesday, Caesars Entertainment Inc. and the Eastern Band of Cherokee Indians announced their partnership in the development of the center, Caesars Virginia, and their construction officially begins this week. The project cost about $650 million, and according to the…

Travel ・ 06 October 2022

Review Journal

Caesars, Cherokee Indians partner on Virginia casino

Caesars Entertainment and the Eastern Band of Cherokee Indians announced a partnership Wednesday in the development of the $650 million Caesars Virginia. Construction is scheduled to begin this week on the Danville, Virginia project, which is slated to open in late 2024. The resort will include a 500-room hotel, 2500-seat live entertainment venue…

Sports ・ 10 August 2022

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Danville Register & Bee

Upping investment, Caesars teams up with Eastern Band of Cherokee Indians for Danville casino

Caesars Entertainment on Wednesday announced a joint venture partnership with the Eastern Band of Cherokee Indians to develop the new casino in Danville and upped its estimated investment in the transformational endeavor for the city. The $650 million project - expected to break ground later this week - is touted as a tourism engine for Danville's…

Sports ・ 10 August 2022

Market Watch

Caesars Shares Rise 7% After Casino Partnership With Eastern Band of Cherokee Indians

Caesars Entertainment Inc. shares rose 7% to $49.49 after the company said it was in a partnership with the Eastern Band of Cherokee Indians for the development of Caesars Virginia, which officially breaks ground in Danville this week. The company said the $650 million full-service entertainment facility is scheduled to open in late 2024.

Industry ・ 10 August 2022

Virginia Business

Danville casino price tag now set at $500M

Danville's forthcoming Caesars Virginia casino and resort is going to be bigger than expected, with the project expected to cost $500 million, $100 million more than previously estimated. Caesars Entertainment released new renderings and more details Thursday for the casino. Part of the additional cost will go toward a larger hotel with 500…

Poker ・ 16 September 2021

Yogonet

Caesars finalizes $250M sale of Southern Indiana casino to Cherokees

aesars Entertainment has completed the previously announced sale of Caesars Southern Indiana operations to the Eastern Band of Cherokee Indians, confirmed the casino-entertainment company last Friday. The deal was secured by both parties for approximately $250 million. According to Caesars, in connection with this transaction, its annual base rent…

Gaming Authorities ・ 06 September 2021

Smoky Mountain News

Indiana approves EBCI casino purchase

The Gaming Commission approved Caesars Entertainment's sale of Caesars Southern Indiana Casino & Hotel to EBCI Holdings LLC at an Aug. 18 business meeting, and closing is now expected to occur in September. "We are delighted to move forward with Caesars and expand our already successful portfolio," said R. Scott Barber, CEO of EBCI Holdings, the…

Gaming Authorities ・ 24 September 2021

Vegas Slots Online

Indiana Gaming Commission Approves Caesars Casino Sale

In the state of Indiana, the gaming regulator has given its seal of approval to a deal between Caesars Entertainment and the Eastern Band of Cherokee Indians. Under the terms of the agreement, the former will sell its Caesars Southern Indiana casino to the tribe for a total of $250m. The Indiana Gaming Commission approved the sale during a meeting…

Gaming Authorities ・ 19 August 2021

Yogonet

The Indiana Gaming Commission approves Caesars Southern Indiana $250M sale

he Indiana Gaming Commission approved Wednesday, August 18 the sale of Caesars Southern Indiana casino to ECBI Holdings, a company run by the Eastern Band of Cherokee Indians tribe. Now cleared, the deal is expected to close at some point in the upcoming month. In December 2020, Caesars agreed to sell the casino to EBCI for $250 million. Caesars…

Gaming Authorities ・ 19 August 2021

The Cherokee One Feather

Proposed tribal law would prohibit public indoor smoking at casino

A proposed change to the Cherokee Code would prohibit public indoor smoking at both Harrah's Cherokee Casino Resort and Harrah's Valley River Casino in Murphy - both owned and operated by the Eastern Band of Cherokee Indians (EBCI). The ordinance change, which is expected to be deemed read and tabled during the June session of Tribal Council,…

Covid ・ 23 May 2021

Journal Review

Caesars to sell southern Indiana casino to Cherokee tribe

ELIZABETH, Ind. (AP) - Caesars Entertainment has reached an agreement to sell a southern Indiana casino to the North Carolina-based Eastern Band of Cherokee Indians for $250 million, the company said. Caesars Entertainment officials announced the sale agreement for Caesars Southern Indiana on Thursday ahead of the company's Dec. 31 deadline to…

Gaming Authorities ・ 19 January 2021

Casino News Daily

Caesars Sells Southern Indiana Casino to Cherokee Tribe in $250M Deal

Casino giant Caesars Entertainment Inc. has agreed to sell its Caesars Southern Indiana casino to the Eastern Band of Cherokee Indians (EBCI) for $250 million, news emerged Thursday. The Southern Indiana property is being sold to the tribal operation a year after Caesars completed its $90 million renovation and expansion. Caesars Southern Indiana…

Gaming Authorities ・ 25 June 2021

Law360

Caesars, Tribe Partner On $650M Virginia Casino

By Nate Beck (August 10, 2022, 1:47 PM EDT) -- Caesars Entertainment and the Eastern Band of Cherokee Indians on Wednesday announced they've reached a partnership on a $650 million casino in Danville, Virginia, that's set to break ground this week. The joint venture between Caesars, the tribe and an undisclosed local minority investor covers…

Land-based ・ 10 August 2022