Despite an extra weekend in December, Louisiana gaming revenues were only modestly up, +4%, although gambling fever sure gripped Baton Rouge, where casinos won 14% more than last year. New Orleans has fallen to a distant third ($47 million) as a gaming market, but don’t blame the smoking ban: Three of four casinos in the area were revenue-positive, save for a 2% dip at Churchill Downs‘ Fair Grounds racino. Harrah’s New Orleans, once a prophet of gloom and doom was up 10% ($24 million). Boyd Gaming added $9 million to Treasure Chest (+3%), while Boomtown New Orleans‘ $10 million was good for a $2 million gain. Outlying Boyd properties didn’t always fare so well: Delta Downs ($15 million) was flat but Evangeline Downs ($7 million) was 4% off and Amelia Belle plummeted 20%, to $3 million.
On Lake Charles, riverboat Isle Grand Palais was flat ($10 million), while L’Auberge du Lac nudged 3% upward, to $31 million. Rocket-propelled Golden Nugget ascended 18% to $25 million. Everyone prospered in Baton Rouge, led by Continue reading