The Horseshoe Casino opens in Lake Charles
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The Horseshoe Casino is reopening in Lake Charles. The former Isle of Capri riverboat was destroyed by Hurricane Laura in 2020. It will be the third casino in the Lake area. Last year, Golden Nugget and L’Auberge paid $126 million in fees to the state.
The Horseshoe Casino opened in Lake Charles on Monday. It is located 35 miles from the Texas border. Most of the visitors to the local casinos come from Texas. The recent legalization of sports betting has added another lucrative attraction to its portfolio. The gaming sector of local revenues is an important aspect of their local economy. They fund a plethora of state programs like early childhood education and local capital improvement projects. In 2021, new sportsbooks will open at both the Golden Nugget and L’Auberge. Sports betting generated $27 million in revenues for the state through October 2022.
The Horseshoe Casino in Lake Charles will open on Monday. The pandemic and Laura destroyed the entire site. Over 700 people were employed at the casino. Their work has paid for their house, a new car and their children. The lack of rooms has driven up nightly rates to record highs. There are concerns that the Hourseshoe might cannibalize the local gambling market. However, the tourism industry is optimistic. Visit LakeCharles CEO Kyle Edminston believes the addition of the casinos will attract more visitors. He also believes that L’Auberge, Golden Nugget and Delta Downs will benefit the community.
