News Summary
The Hard Rock Hotel & Casino Bristol has made a remarkable impact in its first full month, generating over $20.6 million in adjusted gaming revenue. This marks a significant 14% increase from its predecessor’s earnings of $18 million. With 1,400 slot machines and 63 table games, the casino is thriving, contributing over $3.71 million in tax revenue to local communities. Virginia’s gaming industry continues to grow, with Bristol at the forefront of this success. The casino’s philanthropic efforts have also benefited local nonprofits, ensuring a positive community impact.
Hard Rock Hotel & Casino Bristol: A November to Remember!
Welcome to the bustling city of **Bristol**, where excitement is in the air and fortunes are being made! The new Hard Rock Hotel & Casino Bristol has made waves during its first full month of operation with an impressive revenue report that has caught everyone’s attention.
December Figures Show Casino’s Strong Performance
In December, the Hard Rock Hotel & Casino Bristol managed to rake in an astonishing **$20.6 million** in adjusted gaming revenue (AGR)! This is not just a small leap but a full-on jump of **14%** from the previous gaming totals reported for November, which came in at over **$18 million** from the temporary Bristol Casino that closed its doors on November 11. The slick new digs officially opened on November 14, and it’s hard to believe the numbers are already this impressive!
Slot Machines and Table Games Shine Bright
Now, let’s break it down a bit. Of all that revenue, a whopping **$17.09 million** came from slot play, making up about **82.8%** of December’s total. The table games weren’t slacking either, bringing in **$3.55 million**, which accounts for **17.2%** of the overall revenue. With a whopping **1,400 slot machines** and **63 table games** available for play, it’s no wonder folks are flocking to check things out!
Big Contributions to Local Communities
In addition to these impressive numbers, the Hard Rock Bristol has managed to give back significantly to its local community. The casino generated over **$3.71 million** in tax revenue—great news for local funding! From that pool of cash, **$1.23 million** has been allocated to the Regional Improvement Commission (RIC). These funds will be evenly shared among **Bristol** and **13 other localities** in Southwest Virginia, ensuring that the wealth spreads around.
Virginia’s Casino Boom Continues
But Bristol isn’t the only lucky spot in Virginia! The Virginia Lottery recently reported a record month for the state’s casinos, generating more than **$74.9 million** in AGR together, marking their highest month since casino gaming kicked off back in July 2022. The competition is heating up as Caesars Virginia Hotel & Casino took over the former temporary facility in Danville on December 17, 2022, raising the stakes even higher!
Who’s Booming?
Speaking of competition, the individual casinos are showing some thrilling numbers. Danville is generously boasting the highest AGR at a staggering **$28.32 million**, with **$21.5 million** coming just from slot machines. Rivers Portsmouth follows closely behind with **$25.93 million** in total earnings, garnering about **$17.99 million** from slots. The buzz is real!
Supporting the Local Good Causes
Filled with Excitement
As the Hard Rock Hotel & Casino Bristol settles into its role, it seems the excitement is just beginning. With promising figures in hand and a commitment to the community, who knows what the future holds for this vibrant hub of entertainment? One thing’s for sure; it’s going to be an exciting ride in Bristol!
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Additional Resources
- WJHL: Bristol Casino Revenue Report
- Wikipedia: Bristol, Virginia
- CDC Gaming: Virginia Bristol Casino Revenue
- Google Search: Hard Rock Bristol Casino
- Virginia Mercury: Casino Revenue Strategy
- Google Scholar: Casino Economics
- Herald Courier: Hard Rock Bristol December Revenue
- Encyclopedia Britannica: Gaming Industry
- Roanoke Times: Hard Rock Bristol Revenue Report
- Google News: Bristol Casino News
