Louisiana casino revenue plummets in August

The market saw the biggest drop of any US state, with collective revenues falling by 36.3 per cent year-on-year.

US.- A report from the Louisiana Gaming Control Board has revealed that the state saw the biggest year-on-year drop in revenue of any state in August.

Revenue due to the pandemic and Hurricane Laura, particularly in New Orleans.

Revenue fell at every casino in the state apart from Eldorado Resort in Shreveport.

Casinos in New Orleans saw revenue fall by 36.3 per cent year-on-year as venues were closed due to Hurricane Laura, while Covid-19 measures mean capacity remains reduced to 50 per cent.

Executive director of the Louisiana Casino Association, Wade Duty, said: “Many of our other amenities are closed or severely restricted because of public health concerns so overall revenue is down even greater than that one-third decrease in gaming revenue.”

Penn National Gaming announced back in July plans to lay off nearly 1,150 employees at four Louisiana venues.