Louisiana’s State-Licensed Casinos Won $202.5 Million From Players
In April 2011, Louisiana casinos won $202 million from gamblers, edging up 1 percent from April 2010.
State police reported Thursday, that The 13 riverboat casinos won $139.6 million, Harrah’s downtown New Orleans casino won $29.3 million and gamblers left behind $33.5 million at the four race track casinos. The casinos took in $200.5 million in April 2011.
In April, Louisiana’s four racetrack casinos won $33.5 million from customers, a 5 percent decline from a month earlier although a 2.1 percent improvement from the April of a year ago. The revenue for Slots at the Fair Grounds in New Orleans is also included in that, which reported revenue of $3.72 million in April, plummeting 20.1 percent from the previous month, and a 5.4 percent improvement on last year’s April result of $3.53 million.
N.J. based Morowitz Gaming Advisors, analyst Cory Morowitz of Galloway, said the Louisiana casino business probably hit bottom around September 2010 and is showing signs of slow recovery, though most markets are still underperforming by historical standards.
New Orleans although quite a distance behind Las Vegas as the second favorite place where gamblers would like to spend their time and money according to a poll released earlier this month by Fairleigh Dickinson Public Mind.
47 percent of respondents, who were asked which casino destination they would most like to visit, Las Vegas was their first choice. Followed by Atlantic City at 8 percent, Reno, Nev., at 5 percent, and St. Louis at 4 percent, New Orleans was second at 10 percent.
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