• Tue. Jun 15th, 2021

Louisiana Gaming Income Sinks Throughout Frigid Winter Month


Mar 31, 2021

Posted on: March 30, 2021, 04:30h. 
Final up to date on: March 30, 2021, 05:06h.

Larry Henry Learn Extra

Winter climate and COVID-19 issues walloped Louisiana’s gaming business in February, inflicting a steep decline in gaming income.

The Harrah’s brand lights up the night sky exterior the New Orleans resort. Harrah’s is the one land-based on line casino in Louisiana. (Picture: nola.com)

In February, Louisiana’s 13 riverboats, one land-based on line casino in New Orleans, and 4 racinos collected $151.1 million, in accordance with the Louisiana Gaming Management Board. This determine is 28.9 p.c beneath the $212.5 million in February 2020. 
The February 2020 figures are from the final full month earlier than the coronavirus pandemic swept throughout the globe.
This 12 months’s numbers are primarily based on two fewer riverboat casinos than the earlier February. The Isle of Capri in Lake Charles, broken throughout Hurricane Laura final 12 months, has closed briefly. In Shreveport-Bossier Metropolis, the DiamondJacks riverboat on line casino was shuttered in Might.

As well as, extreme winter climate this 12 months compelled some riverboat casinos to shut for as much as three days, in accordance with the New Orleans newspaper web site nola.com. 

A lot of the nation, together with states within the South, had been paralyzed by a deep freeze in February. Icy roads and closed bridges stored many purchasers away, even from the riverboat casinos that remained open throughout plunging temperatures, the newspaper reported on its web site.
For these visiting the state’s gaming halls, on line casino capability has been capped at 50 p.c due to COVID-19 security mandates.
New Orleans Hunch
The biggest falloff of any of the state’s gaming markets occurred in New Orleans. There, on line casino income dropped by 34.5 p.c in February 2021, in comparison with the earlier February. New Orleans fell from $55.2 million in February 2020 to $36.1 million final month.
Gaming wins at Harrah’s On line casino New Orleans, the one land-based on line casino within the state, fell by 40 p.c, from $26.6 million to $15.8 million.
The riverboat casinos within the New Orleans skilled a 27.6 p.c falloff in gaming wins. This included a 35.1 p.c decline on the Treasure Chest, from $9.5 million to $6.2 million. The Treasure Chest is northwest of downtown New Orleans at Lake Pontchartrain.
A low-key Mardi Gras season additionally resulted in fewer guests to the state. As a substitute of parades for Mardi Gras this February through the pandemic, New Orleans residents had been inspired to embellish the exteriors of their houses and to seek out different methods to rejoice, together with collaborating in a digital parade on an app. 

Usually, Mardi Gras attracts 1 million folks to New Orleans and has an financial good thing about $144 million, in accordance with nola.com. 

The opposite markets in Louisiana, together with Shreveport-Bossier Metropolis, Lake Charles, and Baton Rouge, additionally took in much less income this February, in comparison with February 2020.
Within the capital metropolis, as an illustration, the Belle of Baton Rouge was closed for 2 days through the freeze. Its income of $1.2 million in February 2021 was 46.9 p.c beneath the earlier February’s.
Arkansas Winnings Decline 
The casinos in Arkansas additionally gained much less cash this February. Like Louisiana, the Pure State was hit by extreme winter climate in February. 
Arkansas, which shares a border with Louisiana, is dwelling to 3 casinos. They embrace the Southland in West Memphis, Oaklawn in Scorching Springs, and Saracen in Pine Bluff.
All three Arkansas casinos took in much less gaming income this February than within the earlier month.

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