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Hard Rock Casino hits nearly $12 million in revenue

The Hard Rock Bristol Casino generated nearly $12 million in its first month of business, Virginia Lottery figures show.

The Virginia Lottery released its first figures for the newly opened casino on Monday. According to a press release, the casino generated more than $2.1 million in taxes.

“These results show strong customer interest during our first month of operation,” said Allie Evangelista, president of Hard Rock Hotel & Casino.

Hard Rock opened a temporary casino on July 8 at the site of the former Bristol Mall and is planning a permanent location within two years.

Records show that slots generated $10.3 million in revenue while table games accounted for almost $1.5 million in revenue. The casino made a total of $11.7 million in revenue for the month.

State statute specifically distributes a portion of the taxes to several revenue streams.

According to the Virginia Lottery, the Regional Improve- ment Commission will receive $703,000 for the month of July, the Problem Gambling Treatment and Support Fund will get $16,873, the Family and Children’s Trust Fund will receive $4,218 and the Gaming Proceeds Fund will receive almost $1.4 million.

“We are pleased that our guests are enjoying a fun, friendly gaming and dining experience, thanks to our hard-working and dedicated team members,” Evangelista said. “We look forward to this continued success, as we build Hard Rock brand loyalty with customers from Bristol, the region and neighboring states.”


Source:  Times News