casino gambling in Virginia<\/a> passed last week by the Virginia Lottery Board, Caesars Entertainment will pay a one-time $15 million licensing fee to the state. Gross gaming revenue (GGR) from slot machines and table games will be taxed on a scale ranging from 18-30 percent dependent on the total win.<\/p>\nThe bulk of the gaming taxes will stay in Danville. Caesars projects that the casino will deliver Danville more than $20 million a year.<\/p>\n
Along with the gaming taxes, Caesars has pledged to pay the City of Danville $15 million to help build infrastructure around the casino destination.<\/p>\n
Caesars Danville Details<\/b><\/h2>\n
Danville’s casino is being developed in the Schoolfield neighborhood. The site was once a textile mill owned and operated by the Dan River Mills Company.<\/p>\n
Caesars is expected to use its Horseshoe brand for the regional casino. Caesars has Horseshoe casinos in Baltimore, Bossier City, La., Council Bluffs, Iowa, Hammond, In., and Tunica, Ms.<\/strong><\/p>\nThe $400 million Danville casino will feature 2,000 slot machines and 75 table games, a hotel with 300 rooms, restaurants and bars, a 2,500-seat theatre, and a conference center.<\/p>\n","protected":false},"excerpt":{"rendered":"
Officials in Danville, Va., plan to use associated tax revenue from the city’s forthcoming casino resort to better fund area public schools. Sixty-nine percent of Danville voters backed a local casino referendum during the November 2020 election. The vote authorizes Caesars Entertainment to construct a gaming property in the city. The Danville City Council subsequently […]<\/p>\n","protected":false},"author":25,"featured_media":164124,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,13592],"tags":[],"acf":[],"yoast_head":"\n
Danville, Va., Will Allocate Local Gaming Tax Revenue for Public Schools<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n