Treasure Chest Casino Announces Move to Land

Treasure Chest Casino Louisiana
Treasure Chest Casino in Kenner will be moving to land.

According to Boyd Gaming, the $90 million expansion will “completely reinvent the casino”as it vows to develop a “state-of-the-art venue”. The single level gaming venue will feature a 47,000 square foot casino and other facilities and amenities.

Said Keith Smith, President and CEO of Boyd Gaming:

“With this project, we are proud to reinvest in a community that has been an important part of the Boyd Gaming family for more than 27 years. The all-new Treasure Chest will bring more jobs, more tax revenue and more visitors for the city of Kenner and Jefferson Parish – and it will significantly enhance the Treasure Chest experience, giving our guests a bigger and better gaming entertainment experience than ever before.”

Casino Will be on the Current Parking Lot

The proposal seeks to build the gambling place on the current side of the Treasure Chest Casino’s parking lot, which is located on the east side of Williams Boulevard, just inside the Lake Pontchartrain levee. Unlike its current setup where customers have to be ferried by shuttle from the parking lot to the docked gambling boat, the new casino building will be on level with the nearby parking.

According to the presentation, the new casino will have several restaurants including a steak house and a sports bar. The video also revealed that an events and meeting space will be built and the casino will have a FanDuel branded sportsbook as well. Construction of the land-based casino will begin by the middle of 2022 and it is expected to open as soon as late 2023.

8th Best Riverboat Casino in Louisiana

The Treasure Chest Casino opened in 1994 and has since been docked on Lake PontChartrain. Of Louisiana’s 15 riverboat casinos, it is ranked 8th in terms of gambling revenue for the period of July to November 2021 according to published records from State Police regulators.

In 2018, Louisiana Law approved the process for the state’s floating casinos to permanently move to land. Treasure Chest’s move was expected after the City Council last year renewed the lease for its casino operator, Boy Gaming Corporation.

Hollywood Casino To Change Its Name to Casino Rogue

Louisiana State Flag With a Casino Background
Hollywood Casino will be renamed as Casino Rogue after the completion of its new casino building on land in 2022.

The East Baton Rogue Parish Planning Council will consider site plans in a meeting on Monday. If all goes well according to plan, construction will begin in early 2021 with 166 construction jobs created and a labor spend of $10M.

$25M Expansion

To move the Louisiana casino to land, the owners of Hollywood Casino are embarking on a $21-$25M expansion to its dockside facility while turning the valet parking to an indoor gaming space. The riverboat casino’s 859 slot machines and 12 table games will move into the new 100,000-square-foot-casino.

The expansion plans include the addition of a sports bar and a 250-seat entertainment venue as well as a Shaquille O’Neal Big Chicken Restaurant. The NBA Hall of Famer played college ball at LSU in Baton Rogue. Since East Baton Rogue voters already approved sports betting last month, Hollywood Casino is expected to take advantage by establishing a sports betting shop in the sports viewing area and bar.

Plans To Move To Land

Gaming and Leisure Properties, Inc., the owners of Hollywood Casino based in Wyomissing, Pennsylvania, have been planning to move Hollywood Casino to land since 2018. That year, Gov. John Bel Edwards signed a bill that allowed the state’s 15 casinos to move to land, with the catch that the land-based venues must be conducted within 1,200 feet of the original docking site.

For the fiscal year ending last June 2020, the Louisiana casino had an adjusted gross revenue of $43.1M. The amount is much lower than the $55.1M it brought in over the same period in 2019 with this year’s figures taking a hit due to the pandemic. For the month of October 2020, it generated $4.1M which is slightly lower than the $4.3M it picked up in October 2019.

Caesars Entertainment to Sell Belle of Baton Rogue

Louisiana State Flag With a Casino Background
Caesars Entertainment Inc announced on Tuesday that it has reached a definitive agreement to sell the Belle of Baton Rogue to CQ Holdings, Inc.

Caesars owns the operating rights to the Louisiana casino but the property is owned by Gaming & Leisure Properties Inc. Pursuant to the terms of the amended lease agreement with GLPI, Baton Rogue will be removed from GLPI Master Lease and the rent payments to GLPI will remain unchanged. GLIP will retain the ownership of the real estate of Belle of Baton Rogue.

Said Caesars Entertainment Inc. CEO Thomas Reeg in a statement:

“I want to thank all of our Baton Rouge Team Members for their hard work and dedication, especially during the COVID-19 pandemic. We wish them the best under Casino Queen’s ownership.”

Third Casino Sold in Louisiana

The Belle of Baton Rouge is one of the 15 riverboat casinos in the Pelican State. It was operated by Eldorado Resorts, the company which merged with Caesars Entertainment in a massive $17.3B transaction last July. It is currently selling several resorts across different markets to comply with anti-competitive rules brought up by state regulators and the Federal Trade Commission.

In Louisiana, Caesars Entertainment has sold Eldorado Shreveport along with the operations of MontBleu Resort Casino in Lake Tahoe, Nevada to Bally’s Corporation for a combined $155M. It also disposed Harrah’s Louisiana Downs Casino and Racetrack to Rubico Acquisition Corp for $22M. Those two deals are still pending although agreements have been reached.

Fifth Largest Gaming Market

Once the sale of Eldorado Shreveport, Harrah’s Louisiana Downs, and Belle of Baton Rogue are completed, Caesars Entertainment will still have three casinos in the state. Harrah’s New Orleans, which is the only land-based Louisiana casino for now, and two riverboat casinos, namely the Horseshoe Bossier City, and Isle of Capri Lake Charles.

Louisiana is the fifth biggest gaming market in the United States and an key area for several national casino operators at a time when Las Vegas is still sluggish due to the pandemic. Last month, voters in the Pelican state approved legal sports betting by an overwhelming vote. As one of the largest Louisiana casino operators, Caesars is expected to capitalize on that.

200 Individuals Affected by Virus Outbreak at a Louisiana Casino

The world is on edge right now due to concerns over the coronavirus spreading throughout China. Tens of thousands of individuals have been confirmed infected and officials are working hard to keep it contained. This week, news broke that more than 200 individuals have been infected by a virus outbreak at a Louisiana casino.L’Auberge Casino

It’s the last thing the country needed. Health officials are now working to better understand this new virus. Today, we’re going to look at how the coronavirus is being contained, and look at the details of the new case in Louisiana.

Let’s get into it!

Coronavirus Continues Spreading to New Countries

The Wuhan Coronavirus has been in the news for months. It first appeared in December of last year and quickly spread throughout China. By late January, this virus had reached every single province in the country.

Officials are still not entirely sure how the virus first made contact with humans. We know that it comes from a seafood market in Wuhan and is able to transfer from person-to-person. It seems uniquely adapted to spread and has now affected more individuals than the feared SARS virus that gripped China in the early 2000s.

Health departments are not yet calling this particular coronavirus, currently named 2019-nCoV, a pandemic. For the most part, only China is being affected. More cases are beginning to pop up around the country, however, and there are reasonable fears that this could grow uncontrollable.

Recently, Macau’s government decided to shut down all of the territory’s casinos. The goal is to help stop the flow of infected tourists into the city. Unfortunately, this is taking a serious toll on several Las Vegas casino companies with property in Macau.

The whole world is watching how this new virus spreads. There has been little progress stopping its spread. This week, a different virus hit a popular Louisiana casino.

There’s a New Virus Outbreak at a Louisiana Casino

Louisiana is home to a huge number of casinos. The vast majority of these gambling venues are actually riverboat casinos. These casinos help to bring the state millions of dollars in additional revenue for the state every single year.

Unfortunately, casinos aren’t safe from viruses. This week, reports surfaced that show more than 200 individuals have been infected with a new virus outbreak at a Louisiana casino. This has prompted health officials in the state to conduct a new investigation.

The casino where this virus spread is the L’Auberge Casino in Lake Charles. Due to recent events here, thousands of individuals have recently visited the gambling venue. More than 200 individuals who visited this gambling establishment claim to suffer from symptoms associated with this virus.

This new virus is said to cause a variety of serious health effects. Dr. Lacey Cavanaugh, a regional medical director in the area, commented on the virus outbreak at a Louisiana casino to the media this week.

“How it started at this point doesn’t really matter anymore, because now we are getting transmission within the community,” she said. “So, however people picked it up in that setting they are now taking it home and spreading it from one family member to another family member to another family member, so that is the real message that we need to get out today.” 

There’s still no word on how this virus can spread. Hopefully, officials are able to get rid of this illness before it gets too serious.

Lawmakers in Louisiana Still Push for Legal Sports Betting Options

Over the past two years, a huge number of states have officially legalized sports betting. This is thanks to the Supreme Court striking down PASPA. Most of the states with legal sports betting options are now earning serious revenue from this industry.

Several lawmakers in Louisiana have begun pushing to allow this form of gambling. Back in 2018, a House Bill was introduced that would allow for land-based sports betting in the state. It failed to get passed that year and no progress was made in 2019.

Most feel that 2020 is the year that sports betting legislation gets approved here. Louisiana already allows casino gambling. It would make no sense for officials here to ban traditional sports betting.

As of now, however, there is no word on when this will take place. Leaders in the state are remaining silent on the sports betting topic. We’ll keep you updated on this situation over the next few months.

It’s scary to see the virus outbreak at a Louisiana casino. The public has little information on how fast it’s spreading. We’ll need to wait and see how the health department approaches the situation.