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Issue Date: Vol. 51, No. 7, July 2011, Posted On: 6/29/2011


WV Makes $70M On VLT Licenses


Marcus Webb
West Virginia video lottery, Limited Video Lottery law, video lottery licenses, VLT, video poker, amusement business, Derrick Video and Music, Jerry Derrick

CHARLESTON, WV -- Operators who won bids for 10-year licenses to operate video lottery terminals in retail locations have paid the state nearly $70 million, according to the West Virginia Lottery.

According to the Charleston Gazette, Derrick Video and Music bid $4.2 million for 350 licenses in the latest round of bidding.

The company, owned by Jerry Derrick, is one of two video lottery machine distributors holding the maximum 675 licenses allowed under the state's Limited Video Lottery law.

Derrick is a past president of the Amusement and Music Operators Association.

According to local press outlets, the average cost of a VLT license paid by all operators statewide is now $9,157 per location.


Topic: Music and Games Features

Articles:
  • Rich Long Retires From Benchmark Games After 42-Year Coin-Op Career
  • John Milliron, Who Represented Pennsylvania's Amusement Operators For 3 Decades, Exits Industry
  • Redemption Plus Celebrates Two Decades As Value-Added Supplier
  • Three Amigos Plan 2017 Face 2 Face Entertainment Confab For Feb. 21-23
  • Coast To Coast Adds Tokens To Product Line For Arcade Game Operations

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