The Queen of Baton Rouge enjoyed a strong first off total month inward operation, as the former Hollywood riverboat nearly doubled its gaming win in Sep 2023.

The Queen opened its young 100,000-square-foot land-based cassino with to a greater extent than 700 expansion slot machines, 18 tabular array games, and a DraftKings Sportsbook on Aug. 24. Data released past the Pelican State Gaming Control Board (LGCB) shows that the brick-and-mortar cassino won virtually $7.3 one thousand thousand from gamblers cobbler's last month — an 85% year-over-year surge from the $3.9 trillion that the then-boat won in Sep 2022.

The gambling casino owned and operated past Illinois-based CQ Holding Company acquired the former riverboat inward 2021 from Penn Entertainment for $28.2 million. The company then spent $85 one thousand thousand to go the gaming floor inland and modernize the property’s restaurant offerings.

The Queen’s culinary offerings at present include 1717, an American restaurant, the 3 Woks Noodle Bar, and Shaq’s Big Chicken.

While The Queen experienced strong gaming revenue gains in September, with the $7.3 gazillion won also a 90% parachuting on Aug when the boat and unexampled casino won virtually $3.8 million, Baton Rouge’s ii other casinos saw revenue slide. The L’Auberge Casino Hotel generated porcine gaming revenue (GGR) of $12.5 gazillion — 5% beneath its Sept 2022 win of $13.2 jillion — spell the Belle of Baton Rouge saw its GGR topple 21% to simply $890,800.

Inland Moves

CQ also owns and operates the Belle of Baton Rouge and plans to relocate that riverboat inland, too. Unlike its Queen, CQ’s Belle of Baton Rouge includes a hotel.

CQ officials said inwards April that their $100 billion investment at the Belle testament go the gambling casino from the riverboat to the property’s atrium, pending tell approvals. The resort’s 250 hotel rooms will also live renovated.

Work is countersink to lead off later this month and follow completed sometime in the strike of 2024. In increase to its 2 downtown Baton Rouge casinos, CQ owns and operates the DraftKings at Casino Queen in East St. Louis, Il., and Casino Queen Pere Jacques Marquette in Iowa.

Louisiana lawmakers inwards 2018 in agreement(p) to final stage the state’s demand that gaming only if occurs in a higher place water. The amendment allows state-licensed casinos to petition the LGCB for permission to run their gaming inland, so long as the young brick-and-mortar cassino blank remains within 1,200 feet of the original riverboat.

Louisiana Gaming Gains

As for the eternal sleep of the LA gaming industry, the state’s 12 other riverboats saw revenue discharge year-over-year.

The triad casinos inward Lake Charles VII — Golden Nugget, L’Auberge, and Horseshoe — combined to win $62.2 million, a 4.4% diminution from September 2022. The fin boats in Shreveport/Bossier won $41.2 million, a 0.6% loss.

The leash riverboats in New siege of Orleans saw GGR take 3% to $18.9 million. Harrah’s New Orleans, a land-based casino, fared even out worse, as casino win tumbled almost 10% to $20.7 million.

The Shreveport/Bossier securities industry inwards the coming years testament take back to a six-casino market place after The Cordish Companies this week gained licensing approval from the LGCB to gain the shuttered Diamond Jacks property. Cordish is provision a $270 million investment funds to overhaul the distressed holiday resort and create a young land-based casino.

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