Provides relative to the designated gaming area at live horse racing facilities. (8/1/18)
Impact
The bill is expected to refine how gaming areas are established and managed at horse racing facilities, paving the way for better economic redevelopment in the sector. By setting a specific cap on the number of gaming positions, SB313 aims to provide a clearer regulatory framework that facilities must adhere to, potentially increasing operational efficiency and clarity for stakeholders and investors in Louisiana's gaming industry.
Summary
Senate Bill 313, sponsored by Senator LaFleur, addresses the limitations on designated gaming areas within live horse racing facilities in Louisiana. The bill proposes to amend existing regulations in the Louisiana Pari-mutuel Live Racing Facility Economic Redevelopment and Gaming Control Act, particularly focusing on the size and number of gaming positions allowed. Under the proposed law, the designated gaming area is capped at a maximum of 1,632 gaming positions, replacing the previous limit of 1,735 slot machines, while also retaining provisions for the regulation of slot machine gaming at these facilities.
Sentiment
While the vote on SB 313 showed a relatively close division in the Senate, with 18 voting in favor and 16 against, the overall sentiment appears to be cautiously optimistic among proponents who believe that tighter regulations can help rejuvenate the horse racing industry. Opponents, however, may express concerns about economic implications, fearing that such limitations might stifle growth and competitiveness in the gaming market.
Contention
A key point of contention around SB 313 is the reduction in authorized gaming positions, which some stakeholders may view as overly restrictive. While aimed at standardization and regulatory clarity, this change might engender debate about its potential to limit revenue generation opportunities for live racing facilities. Advocates for the gaming industry might argue that maintaining higher capacity limits is crucial to attract more players and generate increased revenues, suggesting the need for a balanced approach that fosters both regulation and growth.
Provides with respect to the designated gaming area and the conducting of gaming tournaments at live horse racing facilities (RE1 SEE FISC NOTE GF RV See Note)