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State senator weighs in on potential casino conversion in Bristol, VA

Invisible placeholder State senator weighs in on potential casino conversion in Bristol, VA Drug company expected to purchase Bristol Mall, produce 'cannabidiol' State Sen. Bill Carrico's office is weighing in on the potential conversion of the old Bristol Mall to a casino.  The project would require an amendment to a Virginia state law banning casino gambling, Sen. Carrico's Chief of Staff Dylan Bishop confirmed Tuesday. Bishop said if legislation is proposed and approved by the General Assembly, the senator would like to see the public weigh in in a public referendum  He pointed out that Sen. Carrico has historically opposed pro-gambling legislation, though he acknowledges the economic benefits this project could bring to struggling Southwest Virginia. The empty parking lot of the once upbeat Bristol Mall is a harsh reminder of better days for life-long Bristol, VA resident Mark Fricker. He said in an interview Tuesday that since the last store in the mall closed just over a year ago, things in this corner of town have changed. "It's been really dead through here. This used to be a heavily condensed area to come through. Now they're taking out the traffic lights. It's really light to come through here," Fricker said.  Randy Webber owns Farmer and Odell's Market, a convenience store just across the street from the mall. He said Tuesday the lack of traffic is a day-to-day problem for him. "We need some business, we need some traffic here.

For the original version including any supplementary images or video, visit https://www.wjhl.com/local/update-state-senator-weighs-in-on-potential-casino-conversion-in-bristol-va/1418017605

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Atlantic City casino earnings up 1.6 percent in second quarter

The largest increase came at Resorts, whose profit was up nearly 64 percent to more than $9 million. Gross operating profit reflects earnings before interest, taxes, depreciation, and other charges and is a widely-accepted measure of profitability in the Atlantic City gambling industry. The numbers were closely watched in the industry because they were the last quarterly earnings that were largely free of the impact of the two new casinos that reopened in Atlantic City this year. Hard Rock and the Ocean Resort Casino both opened on June 27, and were minimally reflected in this quarter's earnings. "These numbers are an improvement from the first quarter and that is a positive sign in light of the new competition that was entering the market," said James Plousis, chairman of the New Jersey Casino Control Commission. "I remain optimistic that the addition of sports betting, new amenities and entertainment will continue to expand the industry." Harrah's profit of $31.5 million was up 20.2 percent from the second quarter of 2017; Caesars profit of $24.6 million was down 4.6 percent, and the Golden Nugget's $14.2 million profit was up nearly 32 percent.

For the original version including any supplementary images or video, visit https://www.nj.com/atlantic/index.ssf/2018/08/atlantic_city_casino_earnings_up_16_percent_in_sec.html

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