Quantcast

Spotlight 3: Gambling on Expansion - KTBS.com - Shreveport, LA News, Weather and Sports

Spotlight 3: Gambling on Expansion

Next year, Louisiana will mark 20 years of legalized casino gambling in the state.

It will also mark a more than $1 Billion investment with 3 new casinos, including one in Bossier City.The new $195 million Margaritaville Casino Resort is set to open in August 2013.With a 400 room hotel, Margaritaville Restaurant, pool and theater, it will be something that this area has not seen before.Work is underway on the new casino, just north of the Louisiana Boardwalk.Although it's still in the early stages of construction, what the future holds for the casino and the area is already being debated.At the Southern Gaming Conference in Biloxi, Mississippi this week, the expansion of casinos in Louisiana was one of the topics.Geno Iafrate, a vice president for Pinnacle Entertainment says it's going to be interesting to see how the market changes with the new casino. Iafrate worked as General Manager of Horseshoe Casino in Bossier City. He says there will be an impact, but the question is whether it will bring in new revenue, or just pull from the existing pot.Margaritaville developer William Trotter projected a 12.5% growth with his casino.One big blow for the Shreveport - Bossier market is the expanded Indian casinos in Oklahoma.They're closer to Dallas than Shreveport - Bossier.But the 3 new casinos now under construction will take more of a resort approach.Iafrate says gone are the days of just casinos and hotels.He says it's now about services, whether that be shopping, a spa, pool or restaurants.Margaritaville may help protect this market by attracting gamblers who might head north to Oklahoma.

  • Local NewsMore>>

  • Whataburger hosts Operation A+ Stuff the Bus campaign

    Whataburger hosts Operation A+ Stuff the Bus campaign

    Wednesday, July 30 2014 5:10 PM EDT2014-07-30 21:10:15 GMT
    Your generous donations continue to roll in for our Operation A+ Stuff the Bus campaign. Today the bus was parked at Whataburger on Bert Kouns near Youree Drive from 9am-3pm. 
    Your generous donations continue to roll in for our Operation A+ Stuff the Bus campaign. Today the bus was parked at Whataburger on Bert Kouns near Youree Drive from 9am-3pm. 
  • Animal abandonment investigation underway in Caddo Parish

    Animal abandonment investigation underway in Caddo Parish

    Wednesday, July 30 2014 4:45 PM EDT2014-07-30 20:45:23 GMT
    Caddo Parish Animal Services is investigating a possible case of animal abandonment in the 1100 block of Prospect St.
    Caddo Parish Animal Services is investigating a possible case of animal abandonment in the 1100 block of Prospect St.
  • Firefighter trials set for December

    Firefighter trials set for December

    Wednesday, July 30 2014 4:18 PM EDT2014-07-30 20:18:28 GMT
    Fire Station 8Fire Station 8
    There's a new development today in the Shreveport Fire Station 8 scandal. The felony cruelty to the infirm trials have been set for December 8.
    There's a new development today in the Shreveport Fire Station 8 scandal. The felony cruelty to the infirm trials have been set for December 8.
Powered by WorldNow
    Powered by WorldNow
    All content © Copyright 2000 - 2014 Worldnow and KTBS. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.
    Advertising | EEO Public File | KTBS 3 Public File | KPXJ 21 Public File