Caesars Virginia Opens Dec. 12, 2024

Rhea-AI Summary

Caesars Virginia has announced its opening date of December 12, 2024, at noon in Danville, Virginia. The 587,000 square foot casino resort will feature over 90,000 square feet of gaming space, including nearly 1,500 slots, 79 live-action table games, and 48 electronic table games. The property includes a 320-room hotel tower, 50,000 square feet of meeting space, and various dining options including Ramsay's Kitchen by Gordon Ramsay. Since opening its temporary facility in May 2023, the operation has contributed over $66 million in gaming taxes to Danville and The Commonwealth. The resort plans to employ more than 1,200 team members upon opening.

Positive

• Expansion of gaming operations with 90,000 sq ft of gaming space
• Generated $66 million in gaming taxes since May 2023 from temporary facility
• Creating 800 new jobs, expanding from 400 to 1,200 team members
• Partnership with celebrity chef Gordon Ramsay enhancing dining offerings
• Integration with Caesars Rewards network spanning 50+ properties

Negative

• None.

Insights

Market Research Analyst

The opening of Caesars Virginia represents a significant expansion in Caesars Entertainment's portfolio, with potential for substantial revenue generation. The 66 million in gaming taxes already generated by the temporary facility indicates strong market demand. The 587,000-square-foot resort's strategic location in Danville positions it to capture both local and regional gaming markets.

Key revenue drivers include 1,500 slot machines, 79 live-action table games and the WSOP poker room. The 320-room hotel tower and 50,000 square feet of meeting space will diversify revenue streams beyond gaming. Partnership with celebrity chef Gordon Ramsay adds premium dining appeal, while integration with Caesars Rewards program should drive customer loyalty and cross-property visitation.

The project's employment of over 1,200 team members will have meaningful economic impact on the local economy, potentially stimulating additional development and tourism in the region.

For assets, please click here

DANVILLE, Va.--(BUSINESS WIRE)-- Caesars Virginia is excited to announce its highly anticipated opening date will be Thursday, Dec. 12, 2024. The resort will welcome its first guests beginning at noon. Additional details on the opening festivities will be announced at a later date.

Caesars Virginia is a 587,000 square foot casino resort with more than 90,000 square feet of gaming space, including nearly 1,500 of the newest, most exciting slots, 79 live-action table games, 48 electronic table games, a WSOP™ poker room and Caesars Sportsbook. Additionally, Caesars Virginia is also home to a 320-room hotel tower, 50,000 square feet of meeting and convention space that also serves as a 2,500-seat live entertainment venue, full-service spa, pool, and a wide variety of dining, including the recently announced Ramsay’s Kitchen by multi-Michelin-starred chef and television personality Gordon Ramsay and the 500 Block Food Hall by local developer Rick Barker and local restaurateur Steve Parry, as well as multiple bars and lounges.

Caesars Virginia is also part of the expansive Caesars Rewards® network. Caesars Rewards members earn and redeem Reward Credits at any of Caesars Entertainment’s 50+ properties, including destinations in Las Vegas, Atlantic City and Lake Tahoe.

“We have worked diligently on creating a world-class resort that will offer all the luxurious and modern amenities expected from Caesars that will also serve as an economic driver for Danville and the surrounding region through employment and tourism,” said Barron Fuller, Regional President for Caesars Entertainment. “We’re so proud of Caesars Virginia and look forward to welcoming guests on Dec. 12.”

“Our property started out with just over 400 Team Members when the temporary facility opened last year, and we are on track to hire more than 1,200 by the time we open our doors in December,” said Chris Albrecht, Senior Vice President and General Manager of Caesars Virginia. “Through numerous hiring events in the region, training at facilities in Danville and overall support from local and state leaders as well as the business community, we are prepared to continue delivering the Family Style Service that Caesars is known for to our guests in the new, beautiful, destination resort.”

“Our partnership with Caesars Virginia marks a significant milestone in the region’s growth, creating jobs and economic opportunities that will benefit both Danville and surrounding communities,” said Principal Chief Michell Hicks of the Eastern Band of Cherokee Indians. “The Eastern Band of Cherokee Indians is proud to be a part of this exciting new chapter, as this resort represents an impressive investment in hospitality and entertainment. We look forward to building stronger ties within the region and seeing the positive impact Caesars Virginia will have, providing opportunities and experiences that honor the unique spirit and diversity of this area.”

Caesars Virginia's opening follows Danville Casino, the temporary facility that opened in May 2023. Since the facility’s opening, it has paid more than $66 million to the City of Danville and The Commonwealth in gaming taxes. Caesars Virginia is owned by Caesars Entertainment and venture partners EBCI Holdings and Eastern Band of Cherokee Indians.

About Caesars Virginia

Roman Luxury Meets Southern Charm – Located in historic Danville, Virginia, the all-new destination resort brings the iconic Caesars brand to the heart of Southern Virginia in style. Set to open in late 2024, Caesars Virginia will provide a luxurious casino resort experience, complete with a full-service spa, pool, world-class dining, including Ramsay’s Kitchen by Multi-Michelin-starred chef Gordon Ramsay and the 500 Block Food Hall, upscale bars and lounges, endless gaming action and non-stop entertainment. The 320-room hotel tower will provide stunning floor-to-ceiling panoramic views of the Southern Virginia skyline and the historic “Three Sisters” smokestacks. The resort will also feature more than 90,000 square feet of gaming space, including nearly 1,500 of the newest, most exciting slots, 79 live-action table games, 48 electronic table games, a WSOP™ poker room and Caesars Sportsbook. With 50,000 square feet of flexible meeting and convention space that will also serve as a 2,500-seat live entertainment venue, Caesars Virginia can accommodate a variety of meeting and event needs. Caesars Virginia is owned in partnership between Caesars Entertainment (NASDAQ: CZR) and the Eastern Band of Cherokee Indians. For more information and to follow progress, please visit www.caesars.com/caesars-virgina or find Caesars Virginia on Facebook, Twitter and Instagram. Know When To Stop Before You Start.® If you or someone you know has a gambling problem, crisis counseling and referral services can be accessed by calling or texting 1-800-GAMBLER.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241107102647/en/

Media Contact:

For Caesars Virginia:

Fatima Osborne

fosborne@caesars.com

For Caesars Entertainment:

Robert Jarrett

rjarrett@caesars.com

Source: Caesars Entertainment, Inc.

FAQ

When will Caesars Virginia (CZR) open its new casino resort in Danville?

Caesars Virginia will open on Thursday, December 12, 2024, at noon in Danville, Virginia.

How many gaming options will Caesars Virginia (CZR) offer?

The resort will feature nearly 1,500 slots, 79 live-action table games, 48 electronic table games, a WSOP poker room, and Caesars Sportsbook.

How much has Caesars Virginia (CZR) contributed in gaming taxes since its temporary facility opened?

Since opening its temporary facility in May 2023, Caesars Virginia has paid over $66 million in gaming taxes to the City of Danville and The Commonwealth.

How many jobs will Caesars Virginia (CZR) create in Danville?

Caesars Virginia will employ more than 1,200 team members when it opens, up from 400 at its temporary facility.