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Casino industry continues stays cold in 2020

The Louisiana casino industry had a difficult 2020 with forced closures for almost two months, reduced capacity and one casino shut its doors for good.  Louisiana Casino Association Executive Director Wade Duty said this will result in a loss of taxes revenues for the state “All in with the reduced ability to support customer demand and the non-gaming amenities, the loss to the state will be in excess of $100-million,” said Duty. Non-gaming losses include revenue from concerts, restaurants, and bars at casino venues. Duty said even with the gaming numbers showing a rebound of 75 to 85-percent since reopening, being unable to offset non-gaming revenue, the industry continues to struggle.

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