Louisiana News - Page 34

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Churchill Downs to Buy Track for $45 Million

13 April 2004

News Brief: According to a recent agreement, Churchill Downs Inc. will buy legal claims against the Fair Grounds and assume ownership of the New Orleans track for $45-million.

Louisiana Riverboat Casino Revenue Down Again

13 April 2004

News Brief: The $137.5 million in Louisiana riverboat revenues for March mark the third consecutive year-over-year decline for the month, dating to a high of nearly $155 million in March 2001.

Horse Racing Key to Louisiana Marketing

5 April 2004

News Brief: Government and corporate officials in Louisiana are on a mission to make horse racing a key component of the state's marketing and tourism efforts.

Fair Grounds Reorganization Deadline Moved

29 March 2004

News Brief: The deadline for Fair Grounds to file a reorganization plan in bankruptcy court was moved from March 29 to April 15. The track has also filed a lawsuit against the state of Louisiana.

Louisiana Racinos have Successful Year

19 March 2004

News Brief: Louisiana’s three racinos have produced more than $40 million for horsemen.

Louisiana Racing Commissioner Resigns

16 March 2004

News Brief: Ronald Alleman, who was appointed to the Louisiana State Racing Commission in February, has resigned from the position following the revelation of a felony conviction.

Harrahs' Execs Added to Employee Count

16 March 2004

News Brief: The Louisiana Gaming Control Board unanimously approved a request by Harrah's New Orleans Casino to change the way gambling regulators count employees at the casino, making it harder to track the jobs at the casino that were the rationale for its 2001 tax cut.

Lowballing a Paddlewheel

9 March 2004

News Brief: Short of a hurricane, a bad leak or some other calamity, it's hard to imagine how the value of a floating casino could drop from more than $20 million one year to $6.5 million the next.

Judge Couples Truck-Stop Gambling Lawsuits

9 March 2004

News Brief: Two lawsuits filed by opponents of a video-gambling truck stop in Marrero will be heard in tandem in state court this week, after a judge agreed Monday with defendants that the cases share essential facts and have the same aim.

Churchill Downs Offers to Buy Louisiana Track

5 March 2004

News Brief: Churchill Downs Inc. has offered $28.5 million to buy the Fair Grounds racetrack in New Orleans.

Harrah's to Build New Orleans Hotel Tower

4 March 2004

Harrah's Entertainment’s Board of Directors approved the construction of a $142 million, 450-room hotel tower at Harrah's New Orleans Casino.

Louisiana Parish Considers Video Poker Ballot

25 February 2004

News Brief: Iberia Parish is considering putting the video poker question on the fall ballot.

Louisiana Gambling Prevention Site Not Publicized

23 February 2004

News Brief: A web site set up by Louisiana to prevent youth gambling has received high praise from prevention experts but little attention from teens because they may not know it exists.

Louisiana Treatment Programs Available

17 February 2004

News Brief: Louisiana's treatment programs work, but getting more addicts into the programs will take more partnerships, a state official says.

Increase in Online Gambling Leads to More Addictions

16 February 2004

News Brief: Dave Durbin refers to gambling, especially the increasingly popular online gambling, as 'the quiet disease.'

Bally's New Orleans Offers Loose Slots

13 February 2004

As part of a new marketing campaign featuring the incomparable ‘Loose Slot Louie,’ Bally's management is loosening more than 1,000 slots in the company's Louisiana riverboat casino.

Locals Want Bigger Cut from Evangeline Downs' Revenue

3 February 2004

News Brief: Opelousas wants a much bigger share of the anticipated revenue from the new Evangeline Downs Racetrack and Casino in Louisiana.

Hollywood Casino Shreveport on Sale

3 February 2004

HCS I, Inc., the managing general partner of Hollywood Casino Shreveport, reports that its Board of Directors has initiated a process to sell the riverboat casino/hotel complex of HCS located in Shreveport, Louisiana.

Audit: Louisiana Casino Funds Misused

27 January 2004

News Brief: Oakdale, Louisianan, may have violated its compact with the Coushatta Tribe of Louisiana by failing to use gaming funds properly.

Evangeline Downs Casino Off to Good Start

21 January 2004

News Brief: Evangeline Downs opened its casino in Opelousas to fanfare last month, attracting 123,279 people who bet $3.4 million on the racetrack’s 1,627 slot machines from December 19-31.

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