Louisiana casinos have had much pressure on them since Hurricane Katrina. They have been called upon to help get the state back on its feet economically. So far this year, they have responded.
The revenue numbers have come out for January, and state casinos won $199.8 million last month. That figure is higher than at the same period last year. January 2007 had the casinos winning $197 million.
The numbers were down from December, but that is typical of any year. The month of December is typically a higher revenue month than January.
The states riverboats were the big winners for the month of January. $136.7 million was won by the thirteen riverboats in the state. Slots at the four race tracks in Louisiana won $31.2 million for the month. $31.9 million was generated from Harrah’s Entertainment’s casino in New Orleans.
Although a lot of money, the figure would actually be higher if the state’s three Indian casinos were counted. They are not required by law to release their figures to the state.
Gambling Industry Insider To Head MGM Grand Atlantic City Project
MGM Grand is coming to Atlantic City in a big way. The company is getting ready to open the biggest casino and the biggest hotel in Atlantic City.
This morning, the company gave insight into who will have the duty of running the casino. Bill Hornbuckle, who has been with the company in Las Vegas, will now take on dual roles.
Hornbuckle has been running the Mandalay Bay Resort in Las Vegas. He is currently the President and Chief Operating Officer at Mandalay Bay. That will be the same post that he will hold with the new Atlantic City casino.
Hornbuckle will have a few years of preparation to do before the casino and hotel will be up and running. It is expected to open sometime in 2012.
The new president will have plenty of experience to draw upon in running the new casino. He has worked for three years as the President of MGM Grand Las Vegas. He also has held that same position at Caesars Palace.