A temporary Hard Rock gaming facility located within the Virginia city of Bristol has edged beyond the $12.5m mark in revenue during its fifth months of operation.
The state’s first such facility, named Bristol Casino – Future Home of Hard Rock and which will eventually make way for a permanent venue, detailed a November performance that came in at $12.65m, which represents a month-on-month downfall from October’s $14.14m.
The establishment, which was one of four vying to debut first within the state, was approved for a casino licence in April 2022 and debuted the aforementioned facility on July 8.
Total adjusted gaming revenue at the venue, which features 870 slots, 21 tables, and a sportsbook, was made up of $10.41m (October: $11.27m) and $2.24m (October: $2.87m) from the former two, respectively.
According to figures released by the Virginia Lottery, tax, which stands at 18 per cent, generated $2.27m that will be paid to the Gaming Proceeds Fund during the maiden month of operation.
Of the state tax on AGR, the statute specifies distributions to the Problem Gambling Treatment and Support Fund, which received 0.8 per cent of total tax at $18,216, the Family and Children’s Trust Fund, which gained $4,554 or 0.2 per cent of tax, and the host locality.
For the Bristol casino, this portion of tax that is reserved for the host locality goes to the Regional Improvement Commission, benefitting to the tune of $759,021 or six per cent of AGR.
Earlier this month, Hard Rock commenced a long-awaited groundbreaking of a permanent casino facility in Bristol, which came five months after a temporary venue began welcoming guests.
The project, managed by TN Ward and Berwil Construction, is expected to create approximately 900-1,000 construction-specific jobs, in addition to more than 1,200 full-time and part-time roles once complete.
Hard Rock Hotel & Casino Bristol will be approximately 300,000 square feet featuring 1,300 slots, 50 table games, a sportsbook, multiple dining options, including a signature Hard Rock Cafe and Council Oak Steaks and Seafood, Rock Shop, Hard Rock Live entertainment venue, authentic music memorabilia, and more.