Louisiana Casino Revenue Hits $2.37 Billion In 2011

The state of Louisiana has released its casino figures for December 2011, showing a 1.2% decline in revenue to $201.9 million compared to the same month in 2010.
Breaking the figures down further, around 2.6 million people visited Louisiana casinos in December with revenue at the state’s 13 riverboat casinos declining by 1.7% to $138.6 million compared to last year. Meanwhile, revenue at the only land-based casino in the state,  Harrah’s, was also largely flat down 0.2% to $32.1 million, while the state’s four racetrack casinos similarly saw their revenue change by a mere margin, up 0.1% in December yoy to $31.2 million
Collectively, Louisiana casinos generated $2.37 billion in revenue in 2011, a figure largely the same as the year before. Furthermore, the amount excludes three Indian reservation  casinos which are exempt from publicly reporting their winnings.
At a time of economic downturn in the US, Louisiana casinos therefore appear to be weathering the storm well and chairman of the Louisiana Gaming Control Board, Dane Morgan, has stated that around $1 billion has already been earmarked for new casino projects and developments.
In addition, next year Louisiana is poised to benefit from a new 400 room hotel-casino, complete with a convention center and an 18-hole golf course. Currently, Las Vegas casino developer Creative Casinos is in the process of completing financing for the $400 million Mojito Pointe Casino Resort in Lake Charles, with construction scheduled to begin around February 18th and completion in 2013.
However, the Creative Casinos and MGM Resorts International collaboration is dependent on the funding first being there, and as Dan Lee from Creative Casinos explains:
“All of the commitments are contingent on us having all of the money. Nobody wants to own part of an unfinished building.”

Poker News
Spanish Online Poker Revenue Jumps 27% in Q1
03 Jun 2018
In January, Spain and France started pooling their online poker players in an attempt to revive an industry decimated by the ring-fenced policies adopted by their respective governments. If they were ever in any doubt as to the validity of their move, the results for the first three months of 2018 will certainly have allayed
Japan Introduces Responsible Gambling Bill
28 May 2018
Japan’s bicameral legislature, known as The National Diet, consists of an upper House of Councillors and a lower House of Representatives, with the latter having started discussing the Integrated Resorts Implementation Bill last week. Being debated is the regulatory framework required in order to set up an efficient and well functioning casino market in the
Ohio Casino Revenue Up 1% to $71.8m in April
17 May 2018
The Ohio Casino Control Commission has released its gambling results for April, with the state’s four casinos collecting $71.8 million last month, up by almost 1% compared to the prior year. Meanwhile, the Buckeye State’s seven racinos fared considerably better, with their revenue rising by 8% to $89.7 million from their slots and video gaming
NJ Generates Record iGaming Revenues in February
15 May 2018
In April, New Jersey’s online gambling market saw its revenue rise by 10.6% to $23 million versus the same month in 2017, with the amount posted second only to the record $25.6 million collected in March 2018. As a result, the Garden State has now generated $92.5 million over the first four months of this