Casino revenue in Louisiana drops 10 percent year to year

News

Leading casino advocates warn that Louisiana’s gaming industry is shrinking.

WWL reports Louisiana casinos have seen substantial declines in revenue in the last year.

Shreveport casinos are down 11.6 percent, Lake Charles 10 percent, New Orleans five percent, and Baton Rouge 13 percent.

Louisiana Gaming Control Board Chairman Ronnie Jones says it’s a tough time for the gaming industry in the state.

“It’s troubling because we think Louisiana may be losing it’s competitive edge, and this is an industry that employs a lot of people in the state and the state is reliant on gaming revenues to operate.”

Jones says gaming revenue now exceeds oil and gas revenue in funding the state.

Seven casinos saw 10 percent or more declines in revenue year to year, but the Belle of Baton Rouge posted the most shocking decline, at 43 percent. Jones says the owner is trying to get out…

“They have just not put any capital back into the property, they’re just trying to keep the property open and running and trying to keep it profitable so they can sell it, but they haven’t found a buyer yet.”

On a whole, Louisiana casino revenues fell 10.2 percent from last year.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Clear

Abbeville

43°F Clear Feels like 43°
Wind
0 mph
Humidity
62%
Sunrise
Sunset

Tonight

Cloudy with occasional showers overnight. Low 39F. Winds light and variable. Chance of rain 50%.
39°F Cloudy with occasional showers overnight. Low 39F. Winds light and variable. Chance of rain 50%.
Wind
4 mph NE
Precip
20%
Sunset
Moon Phase
Waning Gibbous
Clear

Crowley

45°F Clear Feels like 45°
Wind
0 mph
Humidity
50%
Sunrise
Sunset

Tonight

Cloudy with occasional showers. Low 41F. Winds light and variable. Chance of rain 60%.
39°F Cloudy with occasional showers. Low 41F. Winds light and variable. Chance of rain 60%.
Wind
4 mph NE
Precip
20%
Sunset
Moon Phase
Waning Gibbous
Clear

Opelousas

44°F Clear Feels like 44°
Wind
0 mph
Humidity
62%
Sunrise
Sunset

Tonight

Cloudy this evening with showers after midnight. Low 39F. Winds light and variable. Chance of rain 40%.
39°F Cloudy this evening with showers after midnight. Low 39F. Winds light and variable. Chance of rain 40%.
Wind
4 mph NE
Precip
20%
Sunset
Moon Phase
Waning Gibbous
Clear

Breaux Bridge

47°F Clear Feels like 47°
Wind
0 mph
Humidity
44%
Sunrise
Sunset

Tonight

Cloudy with occasional showers overnight. Low 41F. Winds light and variable. Chance of rain 40%.
39°F Cloudy with occasional showers overnight. Low 41F. Winds light and variable. Chance of rain 40%.
Wind
4 mph NE
Precip
20%
Sunset
Moon Phase
Waning Gibbous
Clear

New Iberia

43°F Clear Feels like 40°
Wind
5 mph SW
Humidity
71%
Sunrise
Sunset

Tonight

Cloudy with occasional rain showers. Low 41F. Winds light and variable. Chance of rain 40%.
42°F Cloudy with occasional rain showers. Low 41F. Winds light and variable. Chance of rain 40%.
Wind
5 mph NE
Precip
0%
Sunset
Moon Phase
Waning Gibbous

Local News

More Local

Sidebar

Trending Stories