Noticias de ultima
  • 12.00 KSA makes nearly €2 million available for new partnership against gambling harm
  • 12.00 India's Online Gaming Law Hearing Pushed By Supreme Court To 2026
  • 12.00 ICE Barcelona looks to attract an unprecedented 400 regulators as the sector joins forces to tackle illegal gambling
  • 12.00 Macau’s gaming tax revenue hits US$10.8 billion through November
  • 12.00 BOS Responds to Proposed Changes in Sweden’s AML Regulations
  • 12.00 iGaming supplier Logifuture partners with Sportradar to integrate Zoom Soccer into the OneFeed ecosystem
  • 12.00 Alfastreet Strengthens Its Position in Colombia with a New Distribution Partner
  • 12.00 Inside Eurasian Gaming: How High-Volatility Math and AI Are Reshaping Retention Strategies
  • 12.00 GAT Events Expands Its Footprint in 2026 and Confirms First-Ever Edition in Brazil
  • 12.00 CT Interactive Expands Croatian Market Footprint with 60 Newly Certified Games
Casino

Bristol Casino continues to exceed revenue expectations

Monday 17 de July 2023 / 12:00

2 minutos de lectura

(Bristol).- The Bristol Casino, future home of Hard Rock, reported more than $162.6 million in adjusted gaming revenue during its first year of operation, according to the Virginia Lottery — which far exceeded projections.

Bristol Casino continues to exceed revenue expectations

That first-year revenue figure is 25% higher than the $130 million estimated in the original 2020 Virginia Joint Legislative Audit and Review Commission study, which preceded casino gaming approval by the General Assembly

And the original figure was projected for 2025 — when the full Hard Rock casino resort facility was in operation — not the smaller, temporary facility.

On Friday, the Virginia Lottery released its statement of June activities for Bristol and two other casinos, showing $52 million in combined gaming revenues for the month. In addition, the three facilities — Bristol, Rivers Casino Portsmouth and the temporary Caesars Virginia in Danville — generated a combined $9.4 million in gaming tax revenues for the state and host localities.

The Bristol Casino, a temporary space of about 20,000 square feet, completed its first year with $12.7 million in total gaming revenues for the month of June. That includes more than $10.4 million from its 928 slots and $2.28 million from its 29 table games, according to the lottery report.

For the year, the Bristol Casino reported more than $133 million in AGR from slots and $29.3 million from table games.

On Wednesday, Hard Rock Bristol CEO Allie Evangelista told the Virginia Lottery Board meeting that the temporary Bristol facility had paid out more than $103 million in jackpots from its slots and table games during the first year of operation.

The property reported 1.2 million visitors and more than 2,000 hotel room nights for guests who stayed at local hotels, she told the Lottery Board.

The facility presently employs about 600, and about half of them have been on the job since opening day, Evangelista told the Lottery Board during its Wednesday meeting. There are presently about 20 open positions.

Hiring is expected to ramp up in 2024, in preparation for the hotel, permanent casino and related amenities expected to open next summer. The facility is expected to employ about 1,200 at that time.

Hard Rock has paid out more than $18 million in wages and benefits to its employees, Evangelista said. Due to increases by the company last year, starting wages are $18 per hour.

For the year, the casino averaged $13.55 million per month in adjusted gaming revenue, or over $445,500 per day. During five of the 12 months the casino reported over $14 million in gaming revenues.

Virginia charges an 18% tax on the first $200 million of adjusted gaming revenue reported by a casino and in 12 months Bristol paid out more than $28.2 million in taxes, including $9.4 million to the Regional Improvement Commission.

Elsewhere around the state, Rivers Casino Portsmouth reported $20.5 million in adjusted gaming revenue as its monthly totals continued a trend of declining every month since opening in January.

It was followed closely by nearly $19 million generated by the Danville facility, which has 768 slots and 25 table games and generated nearly $12 million in its first two weeks of operation back in May, the lottery reported.
 

Categoría:Casino

Tags: Sin tags

País: United States

Región: North America

Event

iGaming Club Conference Cancun

24 de November 2025

Levon Nikoghosyan Confirms iGaming Cancun’s Success and Future LATAM Expansion

(Cancun, SoloAzar Exclusive).- The vibrant energy of iGaming Cancun has set the tone for a new chapter in the Latin American iGaming industry. Levon Nikoghosyan, CEO and Co-Founder of AffPapa and iGaming Club, shared his enthusiasm for the event’s debut in Mexico, highlighting its impact on the regional market and the company’s ambitious plans for the future.

Thursday 04 Dec 2025 / 12:00

iGaming Club Cancún 2025 Concludes Successfully with Strong Connections in Its First LatAm Edition

(Cancun, SoloAzar Exclusive).- iGaming Club Cancún 2025 came to a close last night with a comprehensive experience of conferences, networking, and the AffPapa iGaming Awards LATAM gala, consolidating itself as a unique space for operators, affiliates, and providers in the region.

Thursday 27 Nov 2025 / 12:00

iGaming Club Cancún 2025: Affiliates, Operators, and Innovation Take Center Stage on Final Day

(Cancun, SoloAzar Exclusive).- The second and final day of iGaming Club Cancún 2025 unfolds today, bringing together operators, affiliates, and select B2B providers in a unique networking and conference environment that highlights the evolving dynamics of the Latin American iGaming market.

Wednesday 26 Nov 2025 / 12:00

SUSCRIBIRSE

Para suscribirse a nuestro newsletter, complete sus datos

Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.

MÁS CONTENIDO RELACIONADO