Gaming Strategy
Featured Stories
Legal News Financial News Casino Opening and Remodeling News Gaming Industry Executives Search News Subscribe
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
Search Our Archive of Gaming Articles 

Bally's New Orleans Casino Renews Lease

18 August 2003

NEW ORLEANS, Louisiana – As reported by the Associated Press: "After losing an effort to get a rent break, Bally's Casino has renewed its 10-year lease for its current dockside site on Lake Pontchartrain.

"The riverboat's landlord, the Orleans Levee Board, had refused to consider breaks for the money-losing casino. Bally's renewed its 10-year lease last week even though it says it has lost more than $11 million over the past three years.

"…In July, Bally's asked the board to eliminate a planned increase of $876,000 in the casino's annual rent and to accept a lease shorter than 10 years…"

< Gaming News