Fair Grounds in New Orleans, La., will open a temporary slot-machine facility Sept. 21, track president Randall Soth announced Sept. 7.
Slot machines at the new Evangeline Downs in Opelousas, La., pulled in nearly $72 million in gross revenue and generated more than $12 million for purses and breed development in their first year of operation, according to statistics from the Louisiana Gaming Control Board.
Hillary Crain, chairman of the Louisiana Gaming Control Board, is being replaced by Gov. Kathleen Blanco. Crain, the state's top gaming regulator, presided over his last board meeting April 12 in Baton Rouge, and was expected to announce his resignation as chairman after having served eight years.
The slot-machine parlor at the Delta Downs Racetrack & Casino reigns as the most profitable racino in Louisiana, having generated more than $33 million in purse money the past two years, according to the Louisiana Gaming Control Board. In all, three racinos have produced more than $40 million for horsemen.
Average purses will double at Evangeline Downs this season if the first condition book for the meet is any indication.
Slot machines at Fair Grounds would generate $2 million to $3 million a year to supplement purses, according to figures released by state officials in Louisiana.
Slot machines at Louisiana Downs in Bossier City, La., appear to have impacted five riverboat casinos in the Shreveport/Bossier City market, according to July revenue reports filed with the Louisiana Gaming Control Board.
The racino at Louisiana Downs in Bossier City, La., took in more than $2.6 million in revenue in its first 11 days of operation, according to figures released by the Louisiana Gaming Control Board. The 905 slot machines went online May 21.
A Louisiana Senate committee April 1 approved slot machines for Fair Grounds in New Orleans. The measure, which passed on a 4-2 vote, now goes to the House of Representatives for consideration.
The Louisiana Gaming Control Board has ordered a suitability investigation into Harrah's Entertainment in regard to its announced purchase of Louisiana Downs.
Slot machines at Delta Downs have generated more than $32 million in gross revenue in less than three months, according to financial records released by the Louisiana Gaming Control Board.
A group of truckstop casinos near Vinton, La., want the state Gaming Control Board to determine if 100 video poker machines at the Delta Downs slot-machine parlor are legal.
A development group that wants to purchase Louisiana Downs in Bossier City hopes to close on the deal by July and spend $150 million renovating and expanding the facility. Meanwhile, progress has been reported on plans for the new Evangeline Downs.
Delta Downs generated nearly $25 million in gross revenue--86% from its slot-machine parlor--for the first quarter of 2002, according to financial statements.
Louisiana's first "racino" at Delta Downs generated nearly $8 million in revenue in just 16 days of operation in February, and attracted more than 134,000 patrons, according to state police figures released March 20 at the Louisiana Gaming Control Board meeting.
Two separate meetings set for Feb. 27 to look into problems at Delta Downs were canceled.
Boyd Gaming, which owns Delta Downs in Vinton, La., has paid $5.1 million to former owner Shawn Scott for his remaining interest in a proposed slot-machine parlor at the racetrack, according to recent filings by Boyd with the U.S. Securities and Exchange Commission.
Boyd Gaming will keep all 700 new Delta Downs employees on its payroll even though it doesn't know when it will open its slot-machine casino at the Vinton, La., facility it purchased for $125 million.
Boyd Gaming says it would have to Delta Downs in Vinton, La., to a "third party" if it's unable to defeat a lawsuit opposing its slot-machine parlor. That's according to recent filings by the Las Vegas-based company with the U.S. Securities and Exchange Commission.
Louisiana Downs has received permission to install more than 1,700 slot machines as part of an $86-million project scheduled for completion early next year. The Louisiana Gaming Control Board gave the go-ahead during a meeting Monday in Baton Rouge.
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