Six weeks in, Virginia's first casino has exceeded expectations

 

BRISTOL, Va. – Citizens of Alaska, where are you?

The Bristol Casino, future home of Hard Rock, celebrated six weeks of operation Friday and during that time has documented guests from 49 states. Alaska is the lone holdout. Virginia’s first casino has attracted thousands of visitors to the former Bristol Mall and operators admit the response has far exceeded their expectations.

“We couldn’t have asked for more. We knew it would be a positive opening,” Hard Rock Bristol President Allie Evangelista said last week. “We knew that the community was excited about it and the team members were excited about opening the property, but I don’t think I could have anticipated the excitement that came with the feedback we received … The first six weeks have been a dream come true and – since it’s only a temporary property – I can only anticipate a buildup from here on until we open the permanent [casino] in 2024.”

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That success is clearly reflected in the initial financial results – both preliminary and the July figures released last week by the Virginia Lottery, which oversees casino gaming in Virginia.

The Bristol Casino generated $11.71 million in adjusted gross revenues from gaming during its first partial month of operation, according to the report. $10.23 million came from its 870 slot machines and $1.48 million from its 21 table games. Total play generated in $2.1 million in taxes, including over $703,000 that will be divided among local governments in Southwest Virginia.

Last month, lottery officials revealed the Bristol Casino generated $3.74 million in adjusted gross revenues in its first week -- through July 14 – meaning the casino generated nearly $8 million in adjusted revenues during the final 17 days of July.

 

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