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Posted on: January 22, 2021, 02:46h.
Final up to date on: January 22, 2021, 03:16h.
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The New Orleans gaming market closed out 2020 with a steep drop in income. The tourism-dependent Crescent Metropolis was hit exhausting final 12 months by the coronavirus pandemic.
A laid-off Louisiana on line casino employee, left, talks with a tv reporter about her job loss. The pandemic and extreme climate had a detrimental influence on gaming income within the Bayou State. (Picture: WAFB-TV)
Within the New Orleans space, the mixed gaming income in December was $35.9 million. That’s 31 p.c beneath the earlier December’s $52 million, in response to the New Orleans Advocate. No different gaming market within the state had a decline that steep.
The Crescent Metropolis is dwelling to the state’s solely land-based on line casino, Harrah’s New Orleans. Harrah’s skilled a 37.5 p.c drop in winnings, from $26.4 million to $16.5 million. Harrah’s was “exhausting hit by the lack of tourism in New Orleans attributable to the pandemic,” the newspaper reported.
The resort is planning a multimillion greenback mission to constructed a lodge tower and make different enhancements. The property additionally goes to be renamed.
The three riverboat casinos within the New Orleans space noticed a mixed droop of twenty-two.6 p.c in income final month in comparison with December 2019. The Treasure Chest On line casino in suburban New Orleans alone posted a 28 p.c decline. It went from $8.6 million to $6.2 million.
Hurricanes Pummel Lake Charles
After closing in March due to COVID-10 considerations, Louisiana casinos reopened in Might with a 50 capability restrict. Along with this, the state’s damaging hurricane season had a lingering financial influence in some areas.
A file 5 named storms clobbered Louisiana in the summertime and fall earlier than the Atlantic hurricane season formally resulted in November. Some locations alongside the state’s Gulf Coast had been nonetheless rebuilding late final 12 months.
The Lake Charles space in southwestern Louisiana skilled a catastrophic storm season. Two lethal hurricanes shredded the area solely six weeks aside, damaging casinos, houses, and companies. The ensuing hardships, mixed with COVID-19 considerations, had an influence on the world’s economic system.
Mixed, the casinos within the Lake Charles space noticed a 23.1 p.c income drop in December to $59.4 million.
Hurricane injury pressured the Isle of Capri riverboat on line casino in Lake Charles to shut. In line with media accounts, it won’t reopen till 2022. On Feb. 1, the Isle of Capri is anticipated to furlough 336 employees.
Final 12 months in Louisiana, not less than 4,790 on line casino workers had been laid off statewide, together with within the New Orleans and Baton Rouge markets.
Baton Rouge Sees Success
A number of the December income outcomes weren’t as bleak as New Orleans skilled.
L’Auberge On line casino Resort in Baton Rouge took in $12.4 million final month, a 1.2 p.c improve over the identical month in 2019. It was the one on line casino within the state to publish a rise in income in December. Baton Rouge is the state’s capital metropolis.
Total, the three Baton Rouge riverboat casinos posted $17.2 million in winnings in December. These properties introduced in $18.4 million in December 2019. This 6.7 p.c droop made Baton Rouge the top-performing on line casino market within the state, the Advocate reported.
Additionally, video poker machines in truck stops posted constructive outcomes, up 11.9 p.c in December 2020, in comparison with the identical month one 12 months earlier than that. Truck stops have the state’s largest variety of video poker machines.
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