The Latest in louisiana
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Trading

Maryland, South Dakota and Louisiana Approve Ballot Measures

A trio of states voted in favor of ballot measures for the legalization of sports betting and fueled buying interest for stocks of sports betting operators on the markets Wednesday morning. Boston-based daily fantasy sports and betting operator DraftKings had its biggest rally in 3 weeks, posting gains of 6.2%, followed closely by Penn National […]
Maryland, South Dakota and Louisiana Approve Ballot Measures
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Legal

Voters To Weigh In On Gaming Expansion In 6 States

Voters in six US states will be asked on Election Day to weigh in on gaming expansion legislation. The new measures range from legalizing sports betting to authorizing casinos. Sports betting legislation will be on the general election ballot in Maryland, Louisiana, and South Dakota. In a note on the subject, Truist Securities gaming analyst […]
Voters To Weigh In On Gaming Expansion In 6 States
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Business

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 […]
New Orleans Casino Revenue Drops with 36.3% in August
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Casino

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 […]
Caesars and VICI Sell Harrah’s Louisiana Downs for $22M
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Casino

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 […]
Louisiana’s Hollywood Baton Rouge to Move Onshore by 2022
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Legal

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 […]
Fantasy Sports Betting Tax Signed into Law in Louisiana
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Casino

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 […]
Lousiana Casinos to Let Go Another 1,150 Workers in August
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Casino

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 […]
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Legal

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 […]
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Legal

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 […]