Danville Amends Casino Development Agreement with Caesars Entertainment
City of DanvilleCity · Danville, VA- Disclosed value
- $750 million initial capital investment; $15 million lump sum payment; $5 million property purchase; $5 million minimum annual gaming fee
- From budget
- Document date
- Jun 18, 2024
- Renews
- Free account
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THE 30-SECOND BRIEF
Caesars Entertainment and the City of Danville entered an amended Casino Agreement for a major resort and casino project, including capital investment and ongoing payments and fees.
Caesars Entertainment holds this contract with City of Danville. Its other public contracts on record include work for Washoe County School District and Council Bluffs Community School District.
The renewal date is on record. A free account shows it, with the renewals for every City of Danville contract.
Contract details
- Amount
- $750 million initial capital investment; $15 million lump sum payment; $5 million property purchase; $5 million minimum annual gaming fee
- Document date
- June 18, 2024
- Term
- Initial capital investment/construction; operating minimum fee began September 1, 2023; ongoing annual payments per Casino Agreement
- Renews
- Free account
- Vendor
- Caesars Entertainment
- Agency
- City of Danville
- Source document
- city-of-danville-general-fund-budget-2025_92e.pdf (Budget)
Caesars Entertainment's other public contracts
More City of Danville contracts
Questions about this contract
Who was awarded the government contract by City of Danville?
Caesars Entertainment was awarded this government contract by City of Danville, as recorded on June 18, 2024. The contract value is $750 million initial capital investment; $15 million lump sum payment; $5 million property purchase; $5 million minimum annual gaming fee.
How much is the Caesars Entertainment contract with City of Danville worth?
The Caesars Entertainment contract with City of Danville is valued at $750 million initial capital investment; $15 million lump sum payment; $5 million property purchase; $5 million minimum annual gaming fee.
What type of contract is this?
This is a government contract, documented as a budget record.
Where was this contract approved?
This contract appears in city-of-danville-general-fund-budget-2025_92e.pdf (Budget), dated June 18, 2024 from City of Danville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Caesars Entertainment hold?
Caesars Entertainment may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Danville currently buying?
Explore City of Danville's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.