Since the Caesars Virginia casino was initially slated to be completed and open during the 2023-24 fiscal year, the company agreed to begin making quarterly payments toward its guaranteed minimum of $5 million in September 2023. That $5 million will be prorated ¡ª to $4.16 million ¡ª to reflect its opening originally scheduled for the latter part of 2023.
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Which is why, to me, the prospect of a venue with the drawing power of a casino seems unthinkable. The Broadway League, in its letter, notes that the theater industry is still seeking to rebound from a pandemic shutdown that resulted in tremendous hardship, and that progress is being made: New York is on track to have 57 million visitors by the end of December, exceeding predictions. ¡°Times Square is not Atlantic City or Las Vegas, which exist primarily to promote gambling and are designed accordingly,¡± the letter rightly points out.
They checked the licenses