Business
May 5, 2021
FanDuel Gets Closer to Launching Fantasy Sports Gambling in Louisiana
A total of 55 parishes in Louisiana support sports wagering. While FanDuel is currently collaborating with the local authorities about the launch of its product, it is up to the lawmakers to give the green light. If Louisiana’s legislature approves the activity, it may be launched just in time for the start of the football […]
Legal
April 12, 2021
Louisiana Ready to Put Together Sports Gambling Framework
Louisiana took its first step forward with legalized sports gambling when state voters approved a ballot measure authorizing the activity last year. That was only a small step, however, and much more work is needed. As the Louisiana Legislation resumes today, one of the topics is almost certainly going to be sports gambling, with several […]
Industry
March 29, 2021
LA Commission Says All Sports Betting Tax Should Go to Child Development
Louisiana is looking for $85.8 annually to help with early child development in the state. The source of the money can be sports gambling, an expert commission argues. Louisiana Wants to Invest More in Early Child Development The Louisiana Early Childhood Care and Education Commission has released a new report. It recommends that all proceedings collected from […]
Business
February 9, 2021
Entain Reportedly Hires Ex-gambling Regulator from Louisiana
Ousted from his position last summer as a chair of the Louisiana Gaming Control Board, Ronnie Jones, is reportedly joining Entain’s workforce as an advisor. Ex-chair of Louisiana Gaming Control Board Reportedly Joins Entain The UK gaming leader, Entain, maybe having a new member with gambling regulation experience as a part of its advisory board. […]
Industry
January 22, 2021
Louisiana to Launch Daily Fantasy Soon, Sports Betting to Follow
Louisiana expects to see the first daily fantasy operators open up in the state before the summer, with sports betting also on the move, but still a long way to go. Daily Fantasy Sports Eyeing Pre-Summer Launch in Louisiana Fantasy sports betting will be coming to Louisiana soon after all, and the state’s 47 parishes […]
Industry
January 15, 2021
Louisiana’s Gaming Industry Loses $830M In Revenue Through November 2020
The coronavirus pandemic hammered Louisiana’s gambling industry with huge financial losses, which might reach $1 billion by December. Nearly 5,000 casino employees lost their jobs. All Gambling Segments Report Losses Due to Covid-19 Louisiana’s gaming industry finished 2020 with great financial losses due to the forced closures for almost two months, and the ongoing measures […]
Business
January 3, 2021
Louisiana Loses Millions in Gambling Tax, Will Sports Betting Help?
The COVID-19 pandemic impacted multiple U.S. industries last year. Besides temporary closures, the pandemic led to a significant decrease in gambling tax revenue in Louisiana. The Pandemic Significantly Impacted Multiple Industries The global COVID-19 pandemic made 2020 a difficult year for businesses across the globe. The U.S. was one of the countries that has felt […]
Industry
December 18, 2020
Louisiana Agrees on DFS Regulations, LGCB To Launch Licensing Process
Louisiana lawmakers agreed Wednesday on Daily Fantasy Sports (DFS) regulations, prompting the LGCB to start licensing operators. Forty-Seven Parishes Will Offer DFS Daily Fantasy Sports (DFS) play in Louisiana could soon be regulated, more than two years after its legalization in 47 of 64 parishes. The state’s House and Senate Committees in charge of gambling […]
Casino
December 2, 2020
Caesars Sells Operations at Belle of Baton Rouge in Louisiana
Casino giant Caesars Entertainment announced today it entered into a definitive agreement to sell Belle of Baton Rouge riverboat casino and hotel in Louisiana to CQ Holding Company. GLPI Retains Ownership The riverboat property is owned by Gaming and Leisure Properties (GLPI) and Caesars is operating it under a master lease agreement with the real […]
Business
November 4, 2020
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 […]