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Delays in construction due to supply chain and labor shortage issues have pushed back the opening for late 2024 ¡ª during the 2024-25 fiscal year. A groundbreaking for the permanent Caesars Virginia casino was held in August and construction has been under way at the former Dan River Inc. Schoolfield site.
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The future will bring closer ties between sports leagues and betting companies, all of which seek to maximize profits from fan bases. Unlike ticket and merchandise sales, this avenue has almost exponential potential. As more opportunities arise, problems will, too, no matter how many resources the sports and gaming industries devote to promoting responsible gambling ¡ª even as they provide free offers and come-ons to keep bettors engaged. There might be increased regulation down the line, but states won¡¯t be too willing to surrender the tax revenues, which are sure to keep increasing.
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