Tribal leaders took that step after the Catawba Nation started work on a tribal casino in Kings Mountain, NC. Concerned that that casino may cut into the revenue the two Harrah\u2019s casinos generated for the tribe, they created EBCI Holdings to operate casinos and other developments.<\/p>\n
\nThis venture is a vital opportunity for our nation and our people,\u201d<\/strong> EBCI Principal Chief Richard Sneed said in a statement. \u201cWe are excited to be expanding our longstanding and successful partnership with Caesars Entertainment to develop a first-class resort that will be defined by luxury and service that Caesars\u2019 guests have known and come to expect.\u201d<\/strong><\/p>\n<\/blockquote>\nBesides investing in casino properties, EBCI Holdings also has established a gaming tech-focused venture capital fund.<\/p>\n
Previously, the Cherokees proposed building a casino in Bristol, Va. But that venture was rejected by local officials, who preferred a plan involving Hard Rock International. Last month, the Hard Rock project became the first in Virginia to open a temporary casino.<\/p>\n
About Caesars Virginia<\/h2>\n
According to the Caesars release, Caesars Virginia will include more than 1,300 slot machines, 85 live table games, and 24 electronic table games. A retail sportsbook and a World Series of Poker-themed poker room are also in the plans.<\/p>\n
The project includes a 500-room hotel, a spa, a 2,500-seat entertainment complex, and 40,000 square feet of convention and conference space.<\/p>\n","protected":false},"excerpt":{"rendered":"
Caesars Entertainment announced on Wednesday that when it breaks ground this week for its planned Caesars Virginia casino in Danville, Va., it will do so with a partner in the $650 million development project. ECBI Holdings, a commercial gaming and hospitality-based holding company established by the Eastern Band of Cherokee Indians (ECBI), has officially signed […]<\/p>\n","protected":false},"author":45,"featured_media":225923,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,33810],"tags":[81989,82300,82292,82291,81995],"acf":[],"yoast_head":"\n
Caesars, EBCI Holdings to Partner on $650M Virginia Casino Project<\/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