Louisiana House Bill HB544

Louisiana 2019 Regular Session

• Introduced: 3/29/19
• Refer: 3/29/19
• Refer: 4/8/19
• Report Pass: 4/24/19
• Engrossed: 5/6/19
• Refer: 5/7/19
• Report Pass: 5/21/19
• Refer: 5/22/19
• Enrolled: 5/30/19
• Chaptered: 6/7/19
• Passed: 6/7/19

Caption

Provides with respect to the land-based casino operating contract (EN SEE FISC NOTE SD RV See Note)

Impact

The bill impacts state gaming laws by amending existing statutes related to the operation of casinos. As the law sets forth requirements for minimum compensation paid to the Louisiana Gaming Control Board, along with designated financial allocations to support education and community improvement initiatives, the legislation promises to channel increased revenue toward essential services. This includes funding for the Louisiana Cancer Research Center as well as local infrastructure projects, thus integrating casino revenues directly into community welfare enhancements.

Summary

House Bill 544 focuses on the regulation of land-based casino operations in Louisiana, specifically addressing the terms, conditions, and financial obligations associated with the casino operating contract. It allows potentially for a renewal period of up to 30 years, contingent on economic benefit and compliance with renewal requirements. A notable aspect of the bill is its emphasis on capital investment, mandating a significant investment from the casino operator to stimulate local economic growth. This investment aims to enhance not only the casino's infrastructure but also the broader community through various support programs.

Sentiment

The sentiment around HB 544 appears mixed but primarily supportive among proponents who view it as an opportunity for economic growth through increased capital spending and local job creation. Advocates highlight the importance of funding provided to education and community services as a positive outcome. However, there are concerns among some stakeholders regarding the long-term implications on local governance and community oversight of gambling activities, as the state centralizes regulatory authority within the Louisiana Gaming Control Board.

Contention

Contention arises mainly around the extended duration of casino contracts and their implications for local governance. Critics express concern that such long-term agreements may limit future flexibility in regulatory oversight, and there are fears it could prioritize financial gains over community needs. Furthermore, the conditions under which the casino operator can engage in non-gaming activities, including the operation of restaurants and hotels, may raise questions about the competitive landscape within the hospitality sector in New Orleans and surrounding areas.