{"id":3863,"date":"2010-06-15T16:05:51","date_gmt":"2010-06-16T00:05:51","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=3863"},"modified":"2010-06-15T16:06:32","modified_gmt":"2010-06-16T00:06:32","slug":"louisiana-the-oil-hits-the-fan","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/louisiana-the-oil-hits-the-fan\/","title":{"rendered":"Louisiana: the oil hits the fan"},"content":{"rendered":"

\"\"Forty days and nights of Deepwater Horizon<\/strong> put a stop to what looked like an incipient recovery in the Louisiana<\/strong> market. After being down 15% in January, revenue declines shallowed during the following three months (-6%, -5%, -1%). Then came May and a 9% dropoff. Gross revenues — $204 million — are steady with Feb.-April, but whatever seasonal bounce might have been expected with the arrival of May has been blunted.<\/p>\n

Inland markets had the worst year\/year comparison: -11.5% in Baton Rouge<\/strong> and -10% in both Lake Charles<\/strong> and Shreveport<\/strong>\/Bossier City<\/strong>. The reversals in the latter two markets were especially pronounced. The state’s big sluggers, Pinnacle Entertainment<\/strong>‘s L’Auberge du Lac<\/strong> and Harrah’s New Orleans<\/strong> went from positive Aprils to negative Mays.<\/p>\n

And, in the Bossier City<\/strong> area, where Horseshoe<\/strong>, Boyd Gaming<\/strong>‘s Sam’s Town<\/strong> and the independent Diamond Jack<\/em>‘s<\/em> riverboat were all starting to see daylight in April, everybody was down this month. Baton Rouge riverboats continue to average double-digit declines, so Pinnacle probably needn’t hasten to bring a third vessel to that shallow market, by far the weakest of those with multiple casinos, grossing $16.5 million this month.<\/p>\n","protected":false},"excerpt":{"rendered":"

Forty days and nights of Deepwater Horizon put a stop to what looked like an incipient recovery in the Louisiana market. After being down 15% in January, revenue declines shallowed during the following three months (-6%, -5%, -1%). Then came … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60,28,14,117,7,84,30,19],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/3863"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=3863"}],"version-history":[{"count":2,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/3863\/revisions"}],"predecessor-version":[{"id":3866,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/3863\/revisions\/3866"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=3863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=3863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=3863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}