Mayor Helps Ballys Clear Key Council Vote for Casino Bid NYC News
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The casino is seeking candidates now for a 12-week training program in gaming positions. Construction of Caesars Virginia reached a major milestone this week as the $750 million casino resort project in Danville continued on schedule for a grand opening late this year. The construction milestone was the completion of the steel framing of the hotel. After the two-year construction began, Caesars opened a temporary casino, Danville Casino, in May 2023. In its first year of operation, Danville Casino drew 100,000 visitors per month, produced $222 million in gaming revenues, and paid $20 million to the city. Caesars Virginia General Manager, Chris Albrecht, says there are 1,000 construction workers on the building site every day.
With three bids already withdrawn, several others are on the fringes. This includes a Coney Island bid from Thor Equities, which faces a council vote Thursday, and the Manhattan bids, which are trudging through environmental reviews. On paper, it would seem difficult for Bally’s to complete such a project even if a licence were to be awarded. The company is currently racing against the clock to construct its permanent Chicago casino by September 2026. That project, which costs significantly less ($1.7 billion), has seen multiple setbacks, including a recent work stoppage over unapproved contractors. A significant funding agreement was needed to finance the project.