Caesars sells the LINQ Promenade for $275M
Caesars Entertainment has finalized the $275 million sale of its LINQ Promenade to a joint venture between TPG Real Estate and Acadia Realty Trust.The Promenade, located...
Caesars Virginia takes the crown with $28.5M in revenues
Caesars reports a good start to 2025 with more than $28.5 million in revenue during its first full month of operation of Caesars Virginia casino resort in Danville.
Virginia has only three land-based casinos, and with more than 90,000 square feet of gaming space, including approximately 1,500 slot machines, 79 table games, 48 electronic table games, a dedicated WSOP poker room, and a Caesars Sportsbook, the 587,000-square-foot Caesars Virginia surpassed the rest despite being opened only on December 17, 2024.
In January 2025, slot machines generated nearly $21.4 million, while table games brought in $7.2 million. Across Virginia, total casino revenue reached $72.3 million for the month. Hard Rock Bristol generated about $18.5 million, and Rivers Casino Portsmouth brought in $25.2 million.
Gaming taxes fuel the revenue
Part of this revenue goes to local communities through gaming taxes. In Danville, gaming tax revenue reached nearly $1.7 million, which is a slight decline from December’s $2 million. Still, the city expects to see an additional $35 to $40 million in tax revenue by the end of the casino resort’s first full year.
In Southwest Virginia, the Hard Rock Bristol casino distributed $1.1 million in gaming tax revenue to 14 localities, while Rivers Casino Portsmouth contributed approximately $1.5 million to its host city. This money helps fund local services and infrastructure projects, benefiting the surrounding communities.
Caesars Virginia delays opening to December 17
Caesars Virginia announced that its 587,000-square-foot casino resort will open its doors on December 17 instead of the initial date of December 12.The opening was...
