Louisiana is home to a large and successful casino industry. Many of these properties are located in the Lake Charles area and several have been damaged by recent hurricanes. That includes the Isle of Capri Casino in Louisiana, which has just pushed back its reopening date to the fall of 2022.
Many will be disappointed to hear this venue’s opening date is being pushed back again. The owners seem frustrated with the situation, as well.
Here’s what you need to know about this situation.
Gaming Board Gives Green Light for the Isle of Capri Casino in Louisiana to Reopen on Land
Louisiana’s casino industry is unlike many others around the country. Here, the vast majority of gambling venues are riverboat casinos. This goes back to old laws that required all casinos to be based off-land.
Of course, operating an expensive casino on the water comes with its share of problems. That is particularly true in Louisiana, an area known to attract hurricanes. Many of the gambling venues here have been damaged by these hurricanes over the past few years.
That includes the Isle of Capri Casino in Lake Charles. This property took serious damage back in August of 2020. To make things worse, the Covid-19 pandemic led to serious delays getting this venue operational again. Louisiana’s Gaming Control Board approved a measure to move this casino to land in 2019 and many have been left wondering when this move would take place. The current plan is for the venue to formally reopen to the public in the fall of 2022.
Interestingly, this property is set to be re-branded as the Horseshoe Casino Lake Charles. Isle of Capri Senior Vice President and General Manager Jeff Favre spoke about this move to the media this week.
“I’m excited to bring the iconic horseshoe brand to Lake Charles, it’s legendary,” he said. “We’re building approximately 110,000 square feet. Not all of that gaming of a little over 60,000 of that is gaming space. So approximately 1000 games between slot machines and table games.”
We’ll offer more information on this move over the next few months.
Louisiana’s Sports Betting Industry is Set to Launch in September
The state of Louisiana is known for having one of the most passionate sporting fan bases in the United States. It’s here that popular teams such as the New Orleans Saints are located. Many have been pushing hard for sports gambling to become legal and regulated here.
Those individuals will be happy to hear that the first sportsbooks are expected to launch here in September. That coincides with the start of the 2021/2022 NFL season. Many analysts expect this season to be the most-bet-on football season in history.
The Louisiana Gaming Control Board recently approved an emergency measure to launch sportsbooks in September. Fifteen casinos around the state will soon have permission to apply for a sports betting license. At least eight have already done so.
Online sports betting will eventually become available in Louisiana, as well. These online betting platforms will almost certainly be more popular than the land-based sportsbooks in the state. It’s an exciting time for sports betting fans here.
There is a chance that the Isle of Capri Casino in Louisiana, soon to be named the Horseshoe Casino, will offer sportsbooks. Stay tuned for updates!
US Casino Revenue Continues to Surge
2020 was without a doubt the worst year in history for the US casino industry. Casinos across the country were shut down for months at a time. Fortunately, things have completely turned around and casino revenue continues to surge throughout 2021.
Louisiana is one state that continues to experience revenue gains. This past July, the casinos in Louisiana managed to bring in $222 million in total gross gaming revenue. The Golden Nugget in Lake Charles was the best-performing property in the state, bringing in $31.5 million.
Massachusetts is also home to a growing casino industry. Three casino-resorts are now operating here. Gross gaming revenue in the state came out to $95.7 million. The Encore Boston Harbor managed to bring in the most money at $59.7 million.
Places like Nevada and New Jersey continue seeing impressive revenue reports, too. The casino companies here are expecting to break an all-time revenue record in 2021.
Are you excited to hear about the reopening of the Isle of Capri Casino in Louisiana? Let us know in the comments section below.