• Tue. Jun 15th, 2021

Full Home Resorts Urges Rejection of $250M Slidell On line casino, Pitches $500M Lake Charles Venture

ByBet-Now

Jun 8, 2021

Posted on: June 7, 2021, 03:08h. 
Final up to date on: June 7, 2021, 03:30h.

Devin O’Connor Learn Extra

Full Home Resorts, maybe feeling threatened by an effort to construct a brand new $250 million on line casino resort in Slidell, Louisiana, is encouraging state lawmakers to reject permitting St. Tammany Parish voters to resolve whether or not to raise a prohibition on gaming.

Full Home Resorts CEO Dan Lee is seen right here in Nevada again in 2018. The gaming government is urgent officers in Louisiana to think about listening to from different on line casino corporations which will wish to bid on an organization’s on line casino license that it’s searching for to relocate. (Picture: Las Vegas Overview-Journal)

Peninsula Pacific Leisure (P2E) closed its DiamondJacks On line casino in Bossier Metropolis amid the pandemic. The California-based on line casino operator is searching for permission to relocate its gaming allow to Slidell, a promote it finds extra engaging. 
Home Invoice 702 would authorize a poll referendum in St. Tammany Parish. If a easy majority of native voters again the query, P2E could be cleared to construct a on line casino resort within the parish. The corporate has recommended a $250 million funding on the Lakeshore Marina.

Full Home, nevertheless, says Louisiana shouldn’t merely permit an organization to relocate its on line casino license with out holding a aggressive bid. If the state would put the gaming privileges up for public sale, Full Home reveals it might current a $500 million improvement in Lake Charles. 

“What I would like is the flexibility to compete for this license and put it in Lake Charles,” Dan Lee, CEO of Full Home, advised The New Orleans Advocate. “It could be twice the funding and twice the roles and develop gaming income.”
Mississippi Competitors
Full Home has a significant motive to oppose P2E’s marketing campaign to relocate to Slidell. Full Home’s Silver Slipper On line casino Resort in close by Mississippi is positioned only a 30-minute drive east from Slidell.
P2E’s focused website can also be not removed from Mississippi’s Gulf Coast riverboat casinos. A 2019 examine carried out by Spectrum Gaming on behalf of the Louisiana Financial Improvement company discovered that one-third of Louisiana gamblers who journey to Mississippi Gulf Coast casinos would keep in-state if there have been extra conveniently accessible casinos.
At the moment, residents within the St. Tammany Parish and surrounding areas trying to hold their gaming {dollars} within the state have to make the prolonged journey south throughout Lake Pontchartrain. There, they will both head into downtown New Orleans to Harrah’s, or go to one of many two riverboats — Boomtown or Treasure Chest. 
As for Lee’s feedback suggesting that Louisiana ought to maintain a aggressive bid, P2E lobbyist Danny Ford mentioned his motive is evident. 

He’s a Mississippi operator. He stands to lose cash,” Ford declared. 

“We’re nonetheless shedding income to Mississippi that we’ve the flexibility to maintain within the state,” Ford added.
Full Home Odds Lengthy
The Louisiana Home of Representatives has already accepted HB702. It’s anticipated to quickly face a full vote within the Senate. If it passes within the higher chamber, Gov. John Bel Edwards (D) says he’ll signal the laws to permit St. Tammany Parish voters to have the ultimate determination on the Slidell on line casino.
For now, it seems Full Home’s needs of getting an opportunity to seize P2E’s on line casino license are slim. Nevertheless, Louisiana Gaming Management Board Chair Mike Noel says if the laws doesn’t cross, or voters reject the referendum, P2E would wish to behave shortly to reopen in Bossier, or concede its gaming rights. 

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