Rivers Casino Portsmouth Fined $275,000 for Licensing Violations and Underage Patrons
LISTEN TO THIS ARTICLE:Rivers Casino Portsmouth has been fined $275,000 by the Virginia Lottery Board for licensing violations, underage patrons, and self-exclusion breaches. The fine comes just months after the casino's opening in January, and the establishment has agreed to the settlement without disclosing any further details on the violations.
Despite the hefty fine, Rivers Casino Portsmouth's Q1 financials remain unaffected, reporting a gross gaming revenue of over $24.6 million. However, the swift regulatory response should serve as a valuable lesson for the establishment, highlighting the importance of maintaining robust client protection practices.
The Virginia Lottery Board's proactive and effective regulation is integral to a healthy market, and the Rivers Casino Portsmouth's corrective action plan should ensure future compliance and build a strong reputation for fair and responsible gambling practices.
We take these matters very seriously and respect the decision of the Virginia Lottery Board.
Virginia remains an attractive market for casinos and sports betting operators, and the Rivers Casino Portsmouth's Q2 financials will provide valuable insight into its prospects, determining whether it managed to capitalize on its initial hype and cultivate a stable player base.
The casino industry has seen an influx of new players since the US Supreme Court overturned a federal ban on sports betting in 2018. With the industry's growth, regulators have become increasingly vigilant in enforcing rules and protecting players.
Rivers Casino Portsmouth's fine indicates that regulators are serious about enforcing the rules and ensuring fair play, and operators must prioritize client protection practices to avoid such penalties.
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