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New Orleans casino revenue drops by 26.8% in January | Business News

by Trading How
February 19, 2021
in Business
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New Orleans casino revenue drops by 26.8% in January | Business News
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The New Orleans on line casino market noticed its income drop by 26.8% in January from $50.3 million to $36.8 million, the largest drop in enterprise of any playing market.

Statewide, the 13 riverboat casinos, Harrah’s land-based on line casino and 4 racinos introduced in almost $174.6 million throughout January, in response to figures launched Thursday by the Louisiana Gaming Control Board. That’s down 10.9% from the almost $196 million that 15 riverboats, Harrah’s and the 4 racinos generated in December 2019.

On line casino capability has been capped at 50% in an try to regulate the unfold of the coronavirus pandemic.

Video poker income was up 17.6% statewide in January to $61.2 million from $52.1 million. The rise occurred regardless that video poker income from bars was down by 34.2%. Income from video poker truck stops, which account for the biggest share of machines, was up 29.6%.

Harrah’s, which has been arduous hit by the lack of tourism attributable to the pandemic, noticed its winnings plunge by 39.2% from $24.4 million to $14.9 million. The slots on the Truthful Grounds racetrack dropped by 24.3% to $3.1 million, in comparison with the $4 million in winnings posted in January 2020. The three New Orleans-area riverboat casinos posted a 13.5% drop in income, regardless of an uptick in enterprise at Boomtown New Orleans. Boomtown had a 2.7% enhance from $9.5 million to $9.7 million. Treasure Chest had a 24.6% drop from $8.8 million to $6.6 million. Winnings on the Amelia Belle have been down 28.9% from $3.6 million to $2.6 million.

Baton Rouge’s riverboat on line casino market noticed a 5.6% drop in winnings throughout January when in comparison with the yr earlier than. The three riverboat casinos in Baton Rouge introduced in $18.6 million in January, in comparison with $19.7 million.

Hollywood On line casino was the one property to submit a year-to-year income enhance. The downtown on line casino introduced in almost $4.5 million in January, a 3.1% enhance over the $4.3 million in income it reported a yr in the past.

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

The Belle of Baton Rouge, which has closed its lodge for renovations, posted a 43.4% drop in income from $2.2 million to $1.2 million. On line casino Queen, a Midwest riverboat on line casino operator, has introduced plans to purchase each the Belle and Hollywood.

In different markets, Acadiana, represented by the slots at Evangeline Downs, was down 0.6%, or about $35,500, to $6.2 million. Shreveport-Bossier Metropolis posted $47.3 million, a 5.4% drop and had one much less on line casino than the yr earlier than. Lake Charles was down by 5.8% to $65.7 million, with the Isle of Capri closed from harm throughout Hurricane Laura in late August. Officers have mentioned the on line casino will stay closed till spring 2022.

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