Quote:
Originally Posted by jjslonaker
What should Harrah's owe for license renewal? More than $146M House called for, study says
https://www.theadvocate.com/baton_ro...d6b34550e.html
When Harrah’s New Orleans Casino sought a 30-year renewal of its state license to operate last year, the state House asked for too little money, while the Senate demanded too much.
That’s the key finding of a study released Tuesday by a New Orleans consulting firm on a measure that was hotly debated during the 2018 legislative session before failing on the final day.
Extending the license is worth between $266 million and $330 million in current dollars, according to the 132-page study by United Professionals Co., which is part of the Sisung Group.
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Curious to see what becomes of this, do y'all think the state should put out a bid to different casino brands?[/QUOTE]
Personally i havent been impressed with how harrahs has managed the casino so far , so ideally would like to see multiple bidders. Even if we eneded up with harrahs at the end of the process my guess is it would still result in a much better offer for us especially from a development perspective. Whoever wins the bid it should require a certain amount if investment in the property or deal is canceled. No false promises! Either that or allow a second land based casino to anchor the power plant building on the river
That said ... reading the article i fully expect the state will renew their lease and demand some investments as well as the state will leaglize sports betting for them