Louisiana Casino Case Heads to Court - Monday 23rd of January 2006

A 10-year-old casino revenue case that could have dire financial implications for Bossier City came to a head Thursday before the state Supreme Court.

"However, the court is not expected to rule for several months.

"…At issue is whether contracts Bossier City signed with Isle of Capri and Horseshoe casinos in 1994 that provide revenues to various government entities are valid. If the court finds in favor of the citizens, it could mean a redistribution of money collected since 1994.

"…In 1994, the state Legislature enabled cities or parishes with casinos to collect an admission fee of up to $2.50 for each person who enters the establishments. Of that, 80 percent would go to Bossier City, 15 percent to the Bossier School Board for its Bossier Education Excellence Fund and 5 percent to Johnny Gray Jones Youth Shelter.

"The same year, Bossier City drew up its own contracts with Horseshoe and Isle of Capri that give the city 3.2 percent of gross receipts or a minimum of $2.5 million a year, $300,000 each to the Bossier Police Jury and School Board, $200,000 to the Bossier Sheriff's Office, $150,000 to the Greater Bossier Economic Foundation and $50,000 to the youth shelter.

"In 1995, state lawmakers added a 50-cent boarding fee from which proceeds are to go to the Police Jury to widen Airline Drive then placed in the parish road fund once that project is complete.

"A group of concerned citizens including current and former School Board members Billy Brooks Hudson, Marguerite Hudson, W.C. Kostelka and Gary Dowden challenged the validity of the contracts and said the formula the Legislature laid out should be applied. Residents think the formula from the contracts does not give the School Board and youth shelter their fair share, Little said Thursday…"

Other news from around the same time

Shun Tak Moves Project to Cotai - Monday 23rd of January 2006

Shun Tak Holdings Ltd. (0242.HK), a Hong Kong-based conglomerate controlled by Macau casino owner St....


Design Firm Picked for Foxwoods Expansion - Monday 23rd of January 2006

Dallas-based architect HKS Design Group has been selected for the next phase of design work on the $....


Alabama Casino Being Considered - Monday 23rd of January 2006

In five to 10 years, Fort Payne could have a large casino and be well on its way to being a major to....


Iowa Casino Move Proposed - Monday 23rd of January 2006

Burlington's Randy Winegard will ask the state for permission to move Catfish Bend Casino to Rooseve....


Pennsylvania Slot Hearings Approved - Monday 23rd of January 2006

State gaming regulators approved a tentative list of public hearings on slots applications Thursday,....


LV Sands Won't Seek Singapore Project Partner - Monday 23rd of January 2006

Las Vegas Sands Corp., the world's biggest casino firm by market value which is bidding to build Sin....


InterCasino.com Offers Independent Arbitration - Monday 23rd of January 2006

To further enhance the protection andplaying experience of their guests, InterCasino.com, the most a....


Scientific Games Signs Deals with Swedish Firm - Monday 23rd of January 2006

Scientific Games Corporation has signed an agreement to acquire substantially all of theonline lotte....


Gaming Partners Present at ICE - Monday 23rd of January 2006

Gaming Partners International Corporation today announced that it will presentand participate in th....


Illinois Riverboat Grants Offered - Monday 23rd of January 2006

A window of opportunity was thrown open this week by Kane County Board Chairman Karen McConnaughay f....