Virginia approves initial regulations for casino gaming
The regulations will apply to proposed land-based casinos in areas such as Bristol, Danville, Norfolk, and Portsmouth
US.- The Virginia Lottery Board has announced it has approved regulations for casino gaming in the state.
The regulations will apply to proposed land-based casinos in areas such as Bristol, Danville, Norfolk, and Portsmouth. A casino in Richmond may also be on the cards pending a public referendum in November.
The lottery board will seek to refine the initial regulations, including details on the participation of the public and interested parties.
Regulatory requirements specify internal controls, on-site security, and surveillance requirements.
In addition, and as part of the certification process, a financial viability assessment will be carried out on each city’s preferred casino partner and on the partner’s experience in operating casinos in a regulated environment.
As applications for casino operating licences are submitted, The Virginia Lottery Board will conduct a comprehensive review, including criminal and financial records of each operator.
Kevin Hall, executive director of the Virginia Lottery, said: “The Lottery’s role as regulator is based on its three-decade track record as a respected and trusted gaming authority in the Commonwealth.”
“The Lottery’s professional staff and our Board will work to protect the public interest by ensuring the integrity of casino gaming through the strict enforcement of the law and our regulations.”
The Virginia Lottery Board has also made an update on lottery sales during the first half of fiscal year 2021, from July 1 to December 31, 2020.
It saw record sales of US$ 1.4m, which represents an increase of more than 37 per cent compared to the same period in the previous year.
