Louisiana will extend its no-bid contract with Harrah’s to operate Louisiana’s land-based casino in New Orleans for 30 years.
Support for the contract extension was a turnaround from last year, when a 30-year proposal failed amid Senate questions about whether it offered the state too little.
After that failure, the House and Senate hired a consultant to study the casino license’s market value ahead of this year’s debate.
Harrah’s will manage the New Orleans casino until 2054, in exchange for adding new restaurants, a second hotel and more entertainment space.
Meanwhile, the state will get millions more dollars from the contractual arrangement than it receives today.