On Wednesday, Hard Rock International and the Bristol community set up their permanent casino in Virginia.
“From the outset, the economic and societal impact of this drug has exceeded expectations, and we are thrilled to unveil what comes next,” said John Lucas. coo From Hard Rock International. “We are especially grateful to our local partners, whose vision made all this possible. Building on our momentum, and with the incredible support of the Virginia Lottery and the Bristol community, we are ready to begin the next chapter.”
The Virginia Lottery Board is the regulatory authority for casino gaming in the state. There is a tiered tax on casino revenue, requiring operators to pay 18 percent on the first $200 million, 23 percent on revenue between $200 million and $400 million, and 30 percent on any revenue over $400 million.
Only eight-tenths of one percent of the gaming proceeds fund should be allocated to the Problem Gambling Treatment and Support Fund.
Located in the former Bristol Mall, Hard Rock Bristol Hotel & Casino covers approximately 300,000 square feet and features 1,300 slots, 50 table games and a sportsbook. The property is expected to open in spring 2024.
The project is also expected to create approximately 900-1000 construction jobs and will be managed by TN Ward and Berwil Construction. More than 1,200 full-time and part-time jobs are expected at the casino.
“This is an exciting day for Bristol,” said Ally Evangelista, President of Bristol Hard Rock Hotel & Casino. Our temporary casino has been a huge success, and we have already welcomed guests from all 50 states. Our amazing team members – with their friendly smiles and can-do attitude – are the foundation of this success. I can’t wait for the next step when we open our permanent casino in 2024 and we have many more to come. From the entertainment, dining and music we provide to our customers.”
The site is currently home to what is called a temporary casino. The casino is 30,000 square feet and has 870 slots, 21 tables and a sportsbook.