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Virginia Lottery Board approves PPE Casino Resorts Petersburg operator licence

Licences & markets

The Virginia Lottery Board approved PPE Casino Resorts Petersburg’s casino facility operator licence, making it the state’s fifth approved casino operator. The temporary Live! Casino Virginia is scheduled to open on 22 January 2026, with a permanent resort planned for 2027.

The approval clears the operator to proceed with its planned Petersburg casino opening.

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Deals & M&A

GLPI agrees $467m Virginia casino property and construction financing deal

Gaming and Leisure Properties said it agreed to acquire the real estate of the under-construction Live! Casino & Hotel Virginia in Petersburg and fund its development in a transaction valued at $467 million. The agreement comprises a $27 million property purchase and $440 million in construction funding; The Cordish Companies is developing the project with Bruce Smith Enterprise. The permanent casino is scheduled to open in 2027.

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