Hurricanes batter Louisiana revenues

If it weren’t for bad luck and worse luck, Louisiana might have none at all. Not only does Isle Grand Palais on Lake Charles remain closed after being ripped from its moorings by Hurricane Laura, the state was battered by Hurricanes Delta and Zeta. Pelican State casinos grossed $152 million, down 18%. While Baton Rouge revenues were flat, New Orleans really got slammed, tumbling 32%. Even Lake Charles was ‘only’ 20.5% off and it usually bears the brunt of hurricane season (playing an extended engagement this year). To dispense with Red Stick, L’Auberge Baton Rouge was up 7% to $13 million. Casino Rouge was off 3% to $4 million, while customers continue to flee Tom Reeg‘s beloved Belle of Baton Rouge in droves, -39% to $1 million. (Just close the place already, Tom.)

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