Caesars strikes deal with ECBI over Virginia casino development
Caesars Entertainment has announced a new partnership deal with the Eastern Band of Cherokee Indians (EBCI) for the construction of a US$650 million casino and resort in Danville, Virginia. The project is expected to attract tourists to the region while generating revenue and creating job opportunities.
The state-of-the-art entertainment center will have 500 hotel rooms, a gaming floor containing 1,300 slots, 85 live table games, 24 electronic table games, a World Series of Poker room, and a Caesars Sportsbook. The resort will offer guests best-in-class spa service, a pool, and high-class dining options. The center will also feature a 2,500-seat theatre and a 40,000-square-foot convention space.
The new agreement is a testament to the 20-year-long relationship between the Nasdaq-listed entertainment company and the Cherokee band. The agreement had been in the works two years back.
Anthony Carano, Caesars President and COO, said of the partnership: “We are excited to build a world-class Caesars resort in Danville with the Eastern Band of Cherokee Indians, a valued partner of Caesars Entertainment for more than 20 years.
“Caesars’ diverse collection of destinations across the US is synonymous with unparalleled service, impressive benefits through our Caesars Rewards loyalty program, superstar entertainment talent and culinary excellence. We will bring these same phenomenal offerings to the Danville region for people to enjoy.”
Richard Sneed, Principal Chief of the Eastern Band of Cherokee Indians, said: “This venture is a vital opportunity for our nation and our people. We are excited to be expanding our longstanding and successful partnership with Caesars Entertainment to develop a first-class resort, which will be defined by luxury and service that Caesars’ guests have known and come to expect.”
The project, which will commence this week, is expected to be completed by the end of 2024. Once completed, it will be managed by Caesars Entertainment.