In Virginia, Caesars Virginia in Danville has made the difficult decision to reduce the number of hotel guestrooms which will be available once it opens later in the year. The resort will now offer 320 rooms, down from the initial blueprint of 500 rooms.
This change is attributed to the rise in construction costs due to inflation and an increase in labor expenses. Construction workers have been diligently repairing one of the three smoking stacks at the Danville casino site where Caesars Virginia is being built.
Construction costs have soared, and as a result the company has chosen to reduce the number of rooms in order to save costs. It has been explained that the savings will go on to fund other parts of the project.
Danville is one of five cities that was designated as a casino host city in 2020. After winning a bidding war for the opportunity, Caesars has agreed to invest a minimum of $400 million, ensure 300 four-star guestrooms, and more.
With a successful performance from its temporary casino, Caesars Virginia has had a productive few events since opening, with over $147.3 million in gross gaming revenue generated from the Danville casino’s first seven and a half months.