February 26, 2024

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Baton Rouge casino marketplace posts fall in small business for the duration of January | Organization

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Baton Rouge’s riverboat on line casino sector noticed a 5.6% drop in winnings throughout January when as opposed to the 12 months ahead of.

The 13 riverboat casinos, Harrah’s land-centered on line casino and four racinos introduced in almost $174.6 million through January, according to figures released Thursday by the Louisiana Gaming Command Board. That is down 10.9% from the just about $196 million that 15 riverboats, Harrah’s and the 4 racinos produced in January 2020.

On line casino potential has been capped at 50% in an attempt to command the distribute of the coronavirus pandemic.

Movie poker profits was up 17.6% statewide in January to $61.2 million from $52.1 million. The raise took place even nevertheless movie poker profits from bars was down by 34.2%. Earnings from video clip poker truck stops, which account for the most significant share of devices, was up 29.6%.

The three riverboat casinos in Baton Rouge brought in $18.6 million in January, when compared to $19.7 million in January 2020.

Hollywood On line casino was the only house to post a year-to-calendar year earnings enhance. The downtown casino introduced in virtually $4.5 million in January, a 3.1% increase in excess of the $4.3 million in revenue it noted a year in the past.

L’Auberge Baton Rouge posted almost $12.9 million in winnings, a 2.2% reduce from the $13.2 million.

The Belle of Baton Rouge, which has shut its hotel for renovations, posted a 43.4% fall in profits from $2.2 million to $1.2 million. Casino Queen, a Midwest riverboat on line casino operator, has announced strategies to buy both of those the Belle and Hollywood.

The New Orleans casino marketplace observed its income fall by 26.8% in January from $50.3 million to $36.8 million. That was the greatest plunge of any gambling marketplace.

Harrah’s, which has been hard hit by the loss of tourism triggered by the pandemic, observed its winnings plunge by 39.2% from $24.4 million to $14.9 million. The slots at the Honest Grounds racetrack dropped by 24.3% to $3.1 million in comparison to the $4 million in winnings posted in January 2020. The 3 New Orleans location riverboat casinos posted a 13.5% drop in profits, even with an uptick in small business at Boomtown New Orleans. Boomtown had a 2.7% raise from $9.5 million to $9.7 million. Treasure Upper body had a 24.6% drop from $8.8 million to $6.6 million. Winnings at the Amelia Belle had been down 28.9% from $3.6 million to $2.6 million.

In other markets, Acadiana, represented by the slots at Evangeline Downs, was down .6%, or about $35,500, to $6.2 million. Shreveport-Bossier Metropolis posted $47.3 million, a 5.4% fall and had one significantly less casino than the 12 months ahead of. Lake Charles was down by 5.8% to $65.7 million, with the Isle of Capri shut from hurt throughout Hurricane Laura in late August. Officials have said the casino will remain closed right up until spring 2022.

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