Business
September 20, 2020
New Orleans Casino Revenue Drops with 36.3% in August
Recent numbers revealed by the Louisiana regulator outlined a revenue drop of 36.3% for New Orleans in August. The casino industry in the Pelican State took a heavy hit from the COVID-19 pandemic and Hurricane Laura. A 36.3% Gambling Revenue Drop in New Orleans for August Numbers released recently by the Louisiana Gaming Control Board […]
Casino
September 4, 2020
Caesars and VICI Sell Harrah’s Louisiana Downs for $22M
Caesars Entertainment and VICI Properties announced Thursday the sale of a casino property, as both companies entered into definitive agreements to sell Harrah’s Louisiana Downs in a $22 million deal to Rubico Acquisition Corp. The sale of the casino and racecourse resort in Bossier City, Louisiana, comes as a surprise on the back of the […]
Casino
August 23, 2020
Louisiana’s Hollywood Baton Rouge to Move Onshore by 2022
The Hollywood Casino Baton Rouge is moving onshore after the approval of the Louisiana Gaming Control Board. Hollywood Casino Gets Go-Ahead to Move Onshore The Louisiana Gaming Control Board has given the go-ahead to the Hollywood Casino Baton Rouge to relocate permanently in the state, moving onshore from currently operating on the Mississippi River. The […]
Legal
July 15, 2020
Fantasy Sports Betting Tax Signed into Law in Louisiana
Louisiana Governor John Bel Edwards has signed into a law a bill that sets an 8% tax on fantasy sports betting. Fantasy Sports Tax Voted and Approved in Louisiana Louisiana has managed to secure the legal framework necessary for the introduction of a fantasy sports tax nearly two years after 47 out of 64 state […]
Casino
July 7, 2020
Lousiana Casinos to Let Go Another 1,150 Workers in August
Another 1,150 casino workers will lose their jobs, the Associated Press reported, citing data by the Louisiana Workforce Commission. Louisiana to See 1,150 Workers Lose Their Jobs Louisiana casinos may have to lay off as many as 1,150 workers in several locations in August and what would be the next step in trying to cushion […]
Casino
June 19, 2020
Louisiana Votes $83m Casino Tax Break to Help the Industry Cope
A new Senate Bill, SB 5, will help Louisiana’s gaming industry cope with the blow dealt by the pandemic, tanking revenue by $122 million as of May. Louisiana Senate Passes Law to Help Casino Industry Overcome Pandemic The Louisiana Senate Revenue and Fiscal Affairs committee has decided to proceed with a planned five-year tax break […]
Legal
May 28, 2020
Sports Betting in Louisiana Might Be Voted Parish By Parish in November
SB130 was passed by Louisiana’s House of Representatives, with a referendum planned for November. The state will have to undergo a parish-by-parish vote to give a final go-ahead on sports betting. Louisiana to Hold Parish-by-parish Referendum to Legalize Sports Betting in November Louisiana’s sports betting legalization is now one step closer following a recent Senate […]
Legal
May 14, 2020
Senate in Louisiana Says Yes to Sports Betting Legalization
In Louisiana, the state Senate has agreed to endorse a sports betting bill that would allow the state to hold a parish-by-parish referendum and legalize sports betting. Louisiana Senate Endorses Sports Betting: Up to House to Move Next With sports hitting a poor bottom line throughout March and April, Louisiana lawmakers have not been dissuaded […]
Casino
May 13, 2020
Louisiana Set to Become the First State to Re-Open Casinos
Louisiana may become the first state to officially re-start the casino industry, with all land-based gaming facilities in the state allowed to re-open May 18. The 20 commercial and 3 tribal gaming venues in the state will have to subject their plans for risk mitigation and fast response to the police, and if approval is […]
Business
March 7, 2020
Casino Money In Louisiana Find Alternative Ways To Fund State Political Campaigns
Last year, Caesars Entertainment finally managed to extend the lease for their Harrah’s property in Lousiana for another 30 years. New Orleans Has Only One Casino, Harrah’s HB544 passed through the Senate to give rights to Caesars to operate the only land-based casino in New Orleans, Harrah’s, until 2054, after Caesars agreed to give the […]