Danville City Council says ‘yes’ to new entertainment center - WCIA.com

by Haley PenderFri, September 25, 2026 at 7:19 PMCaesars Virginia in Danville, VA before official acquisitions. (Haley Pender/WSET)DANVILLE, Va. (WSET) — Caesars Entertainment shareholders have approved a $17.6 billion acquisition by Fertitta Entertainment, but local officials say the deal is not expected to change operations at Caesars Virginia in Danville. Shareholders approved the merger Sept. 22. Under the agreement, Fertitta Entertainment would acquire Caesars Entertainment in an all-cash transaction valued at approximately $17.6 billion, including about $11.9 billion in Caesars debt. The acquisition still needs to clear remaining regulatory and other closing conditions before it is finalized. Caesars Virginia opened in Danville in December 2024 and has become a significant source of revenue for the city. In fiscal year 2025, Danville received nearly $31.4 million from Caesars' minimum gaming fee and casino gaming tax. The city budgeted about $35 million in casino-related revenue for fiscal year 2026. SEE ALSO: Tourism spending in Martinsville, Henry County risesDanville Mayor Alonzo Jones said the acquisition will not affect the city's existing agreement with Caesars.