Danville casino opening delayed until 2024 due to supply chain issues and ‘other market forces’
The opening of a new Danville casino has been delayed until 2024 due to supply chain issues and ‘other market woes,’ a Caesars Entertainment spokesperson announced during a city council meeting on Tuesday.
France's victorious Macron boosts weapons, stakes in Ukraine
When Vladimir Putin congratulated Emmanuel Macron on his re-election as France's president and wished him “success in your activities,” the Russian leader probably was being more polite than sincere. As he embarks on a second term, with the intention of keeping France at the forefront of international efforts to force Putin to change course in Ukraine, Macron has given a green light for the delivery of modern artillery pieces to Kyiv that could help stem Russia’s new offensive in the east of the country. Used to great effect against Islamic State forces in Iraq and in other conflicts, they represent a step up in France's assistance to President Volodymyr Zelenskyy’s government.news.yahoo.com
Danville proposes budget with no tax increases due to future casino
DANVILLE, Va. – Danville’s Caesars Entertainment Complex is still years away from opening, but the voters’ bet on the casino is already paying off. The city’s proposed budget has funding for various improvements but without the need for a tax increase. Neither one is popular,” said Danville city manager Ken Larking. The budget also includes $2.4 million to build an updated running track at George Washington High School. The budget still has to be approved by the city council, which has to happen by the end of June.
One casino stock stands out as a leader amid a sector rally, traders agree
Casino stocks are on a hot streak. Las Vegas Sands, Caesars, MGM and Wynn have outperformed the market this year, benefiting from a rotation into stocks tied to a reopening economy. The four also rallied Wednesday after Sands signed a $6.25 billion to sell its Vegas properties to private equity firms Apollo Group and VICI Properties. Mark Newton, president of Newton Advisors, says another looks to be the best bet in the pack. "MGM is one that I think actually stands out as being a little bit more attractive than LVS at current levels," Newton told CNBC's "Trading Nation" on Wednesday.cnbc.com
Architect selected for future Danville casino complex
DANVILLE, Va. – The Caesars Entertainment casino and resort complex is moving forward, step by step. Caesars plans to break ground on the entertainment complex later this year with an estimated completion date of 2023. Although the site still looks as it did after the casino plans won approval from Danville voters this past November, city manager Ken Larking is encouraged by the progress behind the scenes. Every step of the way is exciting, because it gets us closer to getting the resort up and running.”AdBusiness owner Rose Shields is also hopeful for the casino. We are preparing, when that casino is open, that we will grow even bigger than we are now,” Shields said.
What’s News Today: Food giveaway, insurance deadline
Today is the last day to enroll in the Health Insurance Marketplace. Appalachian Power and will hold a virtual presentation about recent high water events at Smith Mountain Lake. Representatives will talk about the process for lowering the levels at both Smith Mountain and Leesville Lakes before heavy rain events and improving communications with property owners. Free meals will be given out today to those impacted by the pandemic. 700 meals will be given out between noon and 2:30 p.m. at The Coffee Pot on Brambleton Avenue in Roanoke.
Danville receives $15 million from Caesars. Now what?
DANVILLE, Va. – The city of Danville now has $15 million more to its name. On Tuesday, Caesars Virginia LLC presented Danville Mayor Alonzo Jones with the check. “Today, we take another step forward in our partnership with Caesars Virginia,” Jones said at the ceremony. During next week’s city council meeting on Dec. 15, the council is scheduled to formally consider accepting and appropriating the money. To determine how the remaining $9 million will be spent, Danville City Council has been listening to public input.
Danville leaders discuss how to use $15 million investment from Caesars Entertainment
DANVILLE, Va. – The city of Danville will soon receive $15 million from the company behind its new casino. The Investing in Danville Committee met virtually on Thursday for the first time since the Caesars Entertainment complex was approved by voters on Election Day. Caesars will pay the city $15 million dollars by the end of the year, which committee member Ann Stratton said is a “historic investment” for Danville. $6 million will go towards a new Danville Police Department headquarters. The remaining $9 million could be spent on anything within the city of Danville.
Danville certifies casino results, eagerly awaits first $15 million Caesars payment
DANVILLE, VA. – Danville City Council is moving forward with its plans to bring a Caesars resort and casino to the River City. This comes following an overwhelming “yes” vote to a casino referendum on Election Day. A committee is already working on deciding how to spend the first $15 million from Caesars, which is expected to be paid upfront to the city sometime soon. “We’re going to work closely with them through the permitting process, through the development process, all that kind of stuff. So we’re all kind of working together to make sure things happen as smoothly and quickly as possible," Larking said.
What’s News Today: COVID testing, road improvements
The Virginia Department of Health will hold a drive-thru COVID-19 testing clinic today. The Central Virginia Planning District Commission holds a public meeting about improvements to the intersection of Longwood Avenue and Independence Boulevard in Bedford. Changes are meant to reduce congestion, improve travel conditions and improve safety for bicyclists and pedestrians. The Public Safety Communications Accreditation Program is performing a virtual on-site visit of the Roanoke E-911 Center, verifying its professional standards as it works toward reaccreditation. The Martinsville-Henry County Economic Development Corporation kicks off its Dine Small promotion today.
Caesars leaders optimistic about Danville casino proposal before Election Day
DANVILLE, Va. – Danville voters are days away from determining whether to bring a Caesars casino to the city. Caesars Entertainment’s proposal to build an entertainment complex at the former Schoolfield Dan River Mills site depends on a voter referendum. Former Caesars Entertainment CEO Tony Rodio currently works as a special advisor for the company. Rodio said Caesars chose Danville because of its revitalization efforts and its proximity to North Carolina. I think 25 years from now, Danville will be a regional hub for people who want to get away.”
What should Danville do with millions from a potential casino? City leaders want your opinion
DANVILLE, Va. – City leaders in Danville want your input on how they should spend millions of dollars in possible casino revenues. Caesars stands posted to build a casino and resort if voters say yes this Election Day. “With that comes the possibility of multiple millions of dollars of new revenue to the city and a challenge, or the opportunity, to talk about how to invest those dollars in ways that will make a difference in people’s lives," said Danville city manager Ken Larking. Larking said the final report will play a heavy role in deciding how money would be used. “The reason were here is to serve the public so their opinion means everything.
What’s News Today: Run for the arts, road construction
ROANOKE, Va. – If you have questions about the census, you can get those answered today and every Tuesday this month. You can drop off supplies from 10 a.m to 6 p.m. at Sam’s Club on Wards Road in Lynchburg. Roanoke County holds a virtual discussion about advocating for children in foster care. A virtual running event kicks off today, helping the arts in the Roanoke Valley. Registration is $40 with part of the proceeds going to the Roanoke Children’s Theater, Roanoke Valley Children’s Choir or Blue Cow Arts.
Campaign underway to promote Caesars casino in Danville
DANVILLE, Va. – A campaign is underway to promote the casino that could be built in Danville. Caesars announced the campaign Wednesday. The campaign also has four local leaders serving as co-chairs to help the company connect with the community. In November, residents will vote whether or not they want to allow Caesars to open a casino in Danville. “I like to think of it as a grassroots, boots-on-the-ground kind of campaign,” said Tony Rodio, who’s overseeing the effort.
If Danville gets a casino, it will be a Caesars
Video released by Caesars Entertainment depicts a large parking lot, a row of fountains and of course big, shiny buildings. “We are particularly excited about the 35,000 square-foot convention center...and the 2,500 seat live entertainment venue and what those amenities will mean for the city of Danville," Caesars Entertainment Jacqueline Grace said. The city is not officially for or against a casino, but at Monday’s announcement Danville Mayor Alonzo Jones was not shy about what a casino would mean for the city. City leaders announced that they’re in negotiations with Caesars Entertainment to be the city’s preferred casino gaming operator. Before voters will see a referendum on their ballot, Danville City Council still has to allow the referendum to happen.