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Danville, VA
The Eastern Band of Cherokee Indians joins Caesars Entertainment Inc. as a Joint Venture Partner in the $650 million Caesars Virginia development.
Caesars Virginia will include a 500-room hotel and a world-class casino gaming floor with over 1,300 slots, 85 live table games, 24 electronic table games, a WSOP poker room and a Caesars Sportsbook. In addition, the resort will feature a full-service spa, pool, high-quality bars and restaurants, a 2,500-seat state-of-the-art live entertainment theater and 40,000 square feet of meeting and convention space.
The $500 million casino and hotel in Danville, Virginia, will break ground in December, 2022. Caesars Entertainment estimates the project will create 900 construction jobs and 1,300 permanent jobs when the resort opens. It is expected to open in 2024. Caesars will serve as the manager of the casino.
The temporary casino will open mid-May 2023. Caesars Virginia’s temporary casino will officially be known as the "Danville Virginia." The 40,000-square-foot venue has 740 slot machines, 25 table games, 28 electronic table games and eight Caesars Sportsbook self-service kiosks.
Caesars Entertainment, Inc. (NASDAQ: CZR) is the largest casino-entertainment company in the U.S. and one of the world’s most diversified casino-entertainment providers. Since its beginning in Reno, NV, in 1937, Caesars Entertainment, Inc. has grown through development of new resorts, expansions and acquisitions. Caesars Entertainment, Inc.’s resorts operate primarily under the Caesars®, Harrah’s®, Horseshoe®, and Eldorado® brand names. Caesars Entertainment, Inc. offers diversified gaming, entertainment and hospitality amenities, one-of-a-kind destinations, and a full suite of mobile and online gaming and sports betting experiences.
EBCI Holdings, LLC, a Delaware Limited Liability Company is solely owned by the Eastern Band of Cherokee Indians and operated independently by a senior leadership team reporting to a five-member board of directors. EBCI Holdings, LLC was formed to diversify the Tribe’s economy through a focus on developing, acquiring, and managing commercial casinos and hospitality-based businesses throughout the U.S. EBCI Holdings, LLC currently operates Caesars Southern Indiana and EBCI Tech Fund 1, a gaming technology venture capital fund.