Louisiana lawmakers agree to 30-year extension for Harrah’s

Local News
Horseshoe Casino_Harrah's LA Downs_-2903134371569449112

BATON ROUGE, La. (AP) — Louisiana will extend its no-bid contract with Harrah’s to operate Louisiana’s land-based casino in New Orleans for 30 years.

Legislation striking the deal won final passage Tuesday with a 27-10 Senate vote , sending the measure to Gov. John Bel Edwards, who supports it.

Support for the contract extension was a turnaround from last year, when a 30-year proposal failed amid Senate questions about whether it offered the state too little.

After that failure, the House and Senate hired a consultant to study the casino license’s market value ahead of this year’s debate.

Harrah’s will manage the New Orleans casino until 2054, in exchange for adding new restaurants, a second hotel and more entertainment space. Meanwhile, the state will get millions more dollars from the contractual arrangement than it receives today.

Stay up to date with the latest news and weather by downloading the Arklatexhomepage News App from the App Store or Google Play.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

More Check This Out

Trending Stories

Loving Living Local 600x600

Don't Miss