Danville Casino Campaign being led by former Caesars CEO Tony Rodio
After leading casino giant Caesars Entertainment Corporation through its multi-billion merger with market competitor Eldorado Resorts Inc, former Caesars CEO Tony Rodio is now leading the newly formed group’s efforts to win approval to construct and operate a massive casino resort in Danville, Virginia.
Just a few days back, it was officially announced that voters in Danville would be asked during the November 2020 presidential election whether they want to have a commercial casino in their city or not. Danville Circuit Court Judge Joseph Milam ruled that the casino question should be placed before voters to decide the fate of the Caesars’ proposed Horseshoe Casino in the city during the presidential election. The judge’s order represents the final step in the process of placing the question before local voters.
The project is being led by Mr. Rodio, former Caesars chief executive who was replaced by Eldorado Resorts CEO Tom Reeg following the merger of the two casino operators in a deal worth $17.3 billion.
According to fresh estimates, the project would generate nearly 900 construction jobs, and as many as 1,300 permanent jobs. For the full-time workers, the average wage and benefits package would be in the range of $50,000-$55,000 per year. Caesars has promised to make a one-time upfront payment of $20 million to the city of Danville. The Danville City Council would be responsible to determine how the best use of the funds could be made.
Caesars has proposed to construct Horseshoe Casino at 1100 West Main Street, Danville, Virginia 24541, the former site of Dan River Mills’ Schoolfield Division. The casino giant has plans to spend $400 million to build the proposed casino resort.
The proposed Horseshoe Casino Resort would include a massive 4-star hotel, numerous restaurants, bars, a 2,500-seat entertainment venue, nearly 35,000-sq. ft. of convention space, spa, and a casino with slot machines, table games, poker room, and sportsbook. Citing potential benefits of the proposed project, Caesars Entertainment executives are claiming that the development will generate thousands of jobs and tens of millions of dollars in tax revenue for the city.
Danville is one of five cities in the state of Virginia that have been permitted by Gov. Ralph Northam in April to house new commercial gambling and entertainment properties, as part of an initiative to provide a much-needed boost to the economically distressed areas. Besides Danville, the cities of Bristol, Richmond, Norfolk and Portsmouth have been selected for new casinos.
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