La. Riverboats Grow Income amid Downturn

19 November 2008

Despite the broader economic downturn, numbers released from the Louisiana Gambling Control Commission show the state's licensed riverboat casinos grew October income by 5 percent against the same period last year.

Louisiana's 13 riverboats brought in $144.1 million versus $137.2 during the prior-year period. Against September 2008, however, revenue grew 24.2 percent.

The state's land-based casino property, operated by Harrah's Entertainment Inc. in New Orleans, reported income of $30.3 million, up 30.8 percent on September but down 6.5 percent against October 2007.