Virginia: For Danville tax revenues, no early bets with temporary casino opening next year; Caesars Virginia stays mum on details

Virginia: For Danville tax revenues, no early bets with temporary casino opening next year; Caesars Virginia stays mum on details

Article brief provided by Danville Register & Bee
  • John Crane, Danville Register & Bee
November 30, 2022 4:56 PM
  • John Crane, Danville Register & Bee

City officials are not expecting a windfall from the opening of a temporary casino the middle of next year. But any extra, unexpected revenue from the facility in fiscal year 2023-24 would be spent on one-time projects.

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Officials are hedging their bets on whether they will see any additional money because the city was set to receive a prorated portion of $5 million in guaranteed gaming-tax revenue from Caesars Virginia next fiscal year even without the temporary casino.

Danville City Manager Ken Larking said the city already anticipated that minimum amount guaranteed by Caesars Virginia as part of the two parties’ agreement.