“There are great opportunities here for residential-commercial type development. It can be built around the casino or it can still be built around the casino.”
Losing one of Harrah’s Lake Charles gambling licenses does not necessarily reduce Harrah’s gambling taxes. It was collecting about $7 million annually from Harrah’s two-river boat casinos.
According to the mayor, under state law, the city will receive all gambling taxes incurred at another riverfront casino in L’Auberge du Lac. Currently, the casino resort gambling taxes are divided into the city, the Calcasieu Parish, and the Port of Lake Charles. This was done because the casino site had to be merged into the city so that it could be levied on the city’s water and sewage.
Roach said a bill was passed last year that would allow cities and parishes to form gambling districts that would cover gambling tax revenues. The money could be distributed for capital projects across the parishes. 볼루션 바카라사이트
If the ongoing legislation is passed, the gambling district will be able to raise bonds for capital projects that can be repaid in gambling taxes.
“If this bill is passed, the city and parish will create a local gaming zone,” Roach said. “We did this because we wanted to spread the risk of loss of revenue in case Texas legalized the game. We also recognized that if Pinnacle wanted another license, there should be a vote.”
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