kjb434 Posted May 11, 2005 Share Posted May 11, 2005 Below is the official website for the casino.Official WebsiteThe casino will not be on Lake Charles by downtown like the Harrah's Casino. It will be located south of the I-210 loop on the Charles River. The casino will be more in line with the casino in Kinder (Coushatta Indian Reservation). It will have a golf course throught the swamp, large meeting places, over 20 story hotel, and of course a large casino.I with the casino would placed this development in the downtown area of Lake Charles, but they couldn't put a golf course there.The second floor of the Galleria III here in Houston is going to have a showcase for the proposed development. After all, a majority of the gamblers in Louisiana are Texans. And that actually goes for the entire state of Louisiana.The state thanks your for your money. LOL Link to comment Share on other sites More sharing options...
Casual Observer Posted May 13, 2005 Share Posted May 13, 2005 Below is the official website for the casino.Official WebsiteThe casino will not be on Lake Charles Link to comment Share on other sites More sharing options...
kjb434 Posted May 16, 2005 Author Share Posted May 16, 2005 I'm happy to see Lake Charles experiencing all this new growth. Link to comment Share on other sites More sharing options...
Casual Observer Posted May 16, 2005 Share Posted May 16, 2005 I'm happy to see Lake Charles experiencing all this new growth.<{POST_SNAPBACK}>Yeah, as long as Texas never approves gambling, then Lake Charles will be okay. I often hear people say there that they wish they had a more stable economy, of more than just casinos & refineries. In all reality however, I don't think they're anymore unstable than most cities who rely on just one or two sources of economic revenue. Just look at the 33 towns that are going to be devestated when their military base closes down sometime in the next 6 years. Link to comment Share on other sites More sharing options...
WestGrayGuy Posted May 16, 2005 Share Posted May 16, 2005 If and more likely when Texas legalizes gambling, the casinos in Lake Charles will fold. There is not enough population in Louisiana alone to support such casinos. I would interested to see the numbers of Texans that travel there to gamble.In my opinion this casino is the ultimate gamble in development. On the positive side, Texas is still a dog track or horse track only state.Lake Charles could use some flashy developments. It is quite "industrial" right now. Link to comment Share on other sites More sharing options...
Casual Observer Posted May 16, 2005 Share Posted May 16, 2005 If and more likely when Texas legalizes gambling, the casinos in Lake Charles will fold. Link to comment Share on other sites More sharing options...
kjb434 Posted May 16, 2005 Author Share Posted May 16, 2005 Don't think Texas will legalize casino gambling anytime soon. Personally, I hope they don't. The last thing you want is Texans using Texas casinos. Casinos are supposed to attract gamblers that don't already contribute to the revenue stream of that city, region, or state. Casinos represent a way to bring revenue to a government body without having to raise taxes or hurt your local tax base.Casinos have been so successful in Mississippi's Gulf coast area that the local counties where the Casinos are located have eliminated their sales taxes. Mississippi's Casinos draw from many states including Texas. Louisiana is primarily getting gamblers from Texas and the New Orleans Casinos are enticing tourists and conventioneers to play. Link to comment Share on other sites More sharing options...
Casual Observer Posted May 16, 2005 Share Posted May 16, 2005 Casinos are supposed to attract gamblers that don't already contribute to the revenue stream of that city, region, or state. Casinos represent a way to bring revenue to a government body without having to raise taxes or hurt your local tax base.<{POST_SNAPBACK}>This is a very good point. Link to comment Share on other sites More sharing options...
WestGrayGuy Posted May 16, 2005 Share Posted May 16, 2005 kjb:Very true. Good point that I haven't considered. Texans gambling in Texas is bad for Texas. Link to comment Share on other sites More sharing options...
citykid09 Posted May 16, 2005 Share Posted May 16, 2005 80% of the gamblers that go to Louisiana are from Texas. I read it yesterday in the paper. Link to comment Share on other sites More sharing options...
jpcampbell Posted May 16, 2005 Share Posted May 16, 2005 Can someone explain to me how it's better for Texans who are going to gamble anyway to do it out of the state? I'm not disagreeing, but I just don't understand the reasoning behind it. It seems that when they are in other states, they are buying gas, food, hotel rooms, etc from elsewhere instead of contributing to the local economy. What am I missing? But I guess if you mean that having casinos here would encourage those locals to gamble that otherwise would not, I see the point.Can someone clear up the counter argument for me? Link to comment Share on other sites More sharing options...
Casual Observer Posted May 16, 2005 Share Posted May 16, 2005 If there were casinos here, it would be better for Louisianians & other outsiders to spend their money here, versus Texans spending that same money. If Texans spend their money in Texas, then sales tax-wise they are only recycling money, versus outsiders spending money here, generating new sales tax revenue.The problem is that if there were gambling here in Texas, outsiders might make up less than 20% at any given time. The reason for that, is that Texas is not a tourist destination, nor is a border state for gambling. States like Nevada work because they are destination states (for gambling). States like Louisiana work because they are border states (for gambling).Texas would not have the same success in terms of revenue as Louisiana has had. The difference is that Louisianians makes up 20% of all gamblers (educated guess) in the Louisiana gaming market. Texas provides the other 80% (plus or minus 5 percent from other state travel). Now if the situation were reversed, Texas would still have 80% of the gamblers here in Texas, allowing only 20% new generated funds.This is the reason gambling won't work in Texas, for the average Texan. It will of course work for politcians & their special constituants in Austin. The main reason would be that politicians of course don't care where money comes from, as long as they get it - even if it includes draining it from their own people. Link to comment Share on other sites More sharing options...
jpcampbell Posted May 16, 2005 Share Posted May 16, 2005 If there were casinos here, it would be better for Louisianians & other outsiders to spend their money here, versus Texans spending that same money. If Texans spend their money in Texas, then sales tax-wise they are only recycling money, versus outsiders spending money here, generating new sales tax revenue.<{POST_SNAPBACK}>I was just looking at it as "keeping those 80% Texans here is better than having them leave the state". For the few hours/days/weeks that they gamble outside the state, they are not spending any money here at all. Link to comment Share on other sites More sharing options...
Casual Observer Posted May 16, 2005 Share Posted May 16, 2005 That is a good point. But all said and done, the only entity to make money will be the private companies that own the casinos themselves. All the money given to the state for guaranteed projects like funding teachers & police officers will have come from Texans' pockets & paychecks. It could be seen as a "voluntary high-risk state income tax". The goal however, should be for outsiders to come in and create new taxes, so that we Texans' don't have to give up ours (voluntarally or not).Everytime you spend one dollar here in Texas it has half the power of a dollar spent by a non-Texan. This is why the Louisiana gaming market is flourishing. If it were all Louisianians gambling, then they would be making no new revenue.You have to remember, for any government to make money, it has to collect from outsiders, e.g.: exports. This is why the US is so powerful, through its exports & and even its import embargos.On a bigger scale, this is a reason why countries North Korea have had to remain communistic in policy. They have no goods going out, therefore, there is no new revenue, only the pre-dertermined capital set by the government. Then the government distributes that money, the people spend it, and are taxed accordingly. The process just repeats and repeats. Therefore, no one gets richer. Well, no one except of course for Kim Jong Il & his cohorts. Link to comment Share on other sites More sharing options...
jpcampbell Posted May 16, 2005 Share Posted May 16, 2005 It could be seen as a "voluntary high-risk state income tax". The goal however, should be for outsiders to come in and create new taxes, so that we Texans' don't have to give up ours (voluntarally or not).<{POST_SNAPBACK}>OK, I get it. But the ideal would be for everyone to come to a Texas casino, out-of-staters and Texans who would voluntarily give up their money to Louisianaanyway. But if they won't come, don't build it. ;-) Link to comment Share on other sites More sharing options...
Casual Observer Posted May 16, 2005 Share Posted May 16, 2005 Well, the only place I could see building casinos, with the most out of state revenue to be made would be 3 locations: South Padre Island, Galveston, and maybe Corpus Christi. These 3 areas probably see the highest out-of-state resort-oriented tourism. Couple gambling with this, and you have Texas' best potential for generating new funds. Texas would have to be careful however, to keep gambling to these 3 areas, to limit in-state revenue & prevent seedy casinos from popping up in undesired areas. And you're right, if Texans gamblers were going to "voluntarally" give up their money anyway, why not at least give it to the state of Texas, and further insure the rest of us won't have to pay a state income tax. On a side note - if anything should be legalized here, it should be Texas Hold 'Em! Link to comment Share on other sites More sharing options...
Parrothead Posted May 25, 2005 Share Posted May 25, 2005 I have a question. Why is it all the casinos in Lake Charles have to be on a boat or barge? I just don't get it? Link to comment Share on other sites More sharing options...
WestGrayGuy Posted May 25, 2005 Share Posted May 25, 2005 Louisiana state law says that casinos must be water based except in rare occasions such as Indian reservations and for some reason Harrah's New Orleans. Lake Charles does not qualify as an exception therefore all casinos must be boats. Baton Rouge also has boats.Another weird cajun law....Anyone else have futher details? Link to comment Share on other sites More sharing options...
Parrothead Posted May 25, 2005 Share Posted May 25, 2005 Boy that IS weird!! Silly if you ask me!! I noticed Harrah's in NOLA like you mentioned isn't on water so that's why I was like ? LOL!! Thanks for letting me know. Link to comment Share on other sites More sharing options...
kjb434 Posted May 25, 2005 Author Share Posted May 25, 2005 Well,Technically gambling is still illegal in Lousisiana, but gaming is now. The only legalized gambling in Louisiana is horse racing.It silly, but it has to do with the state constitution. Louisiana is the only state that the constitution is based off the Napoleanic Code and not the US Constitution. The Code specifically prohits gambling except for horse racing. It why New Orleans has the oldest horse racing tract in the US. Churchill downs is just more famous.When the gaming laws were written, it was set up so all the casinos would be water based and not on land. Theoretically the gaming would not fall on state soil. The casino in downtown New Orleans was one exception. Since New Orleans is largest tourist center in the state, it was decided that it would recieve a land based casino. There are three other land based casinos, but they are on Indian reservations. The Coushattas, Chitamachans, and Tunica-Biloxi indians all have casinos.Another thing, the law was written that all casinos except for the land based one has to be able to sail. So all the casinos were boats. Recently that has changed and all are dockside, but they still have a crew to run the boat. I know silly. I think it either has happened are soon to happen that the requirement to have a crew and a function boat will be removed. This will make Louisiana more like Mississippi. The casinos on the Mississippi Gulf Coast are all on barges. I think the L'Auberge du Lac will be on a barge too.Also, Louisiana has limited the number of casino licenses that are available to operated and the squarefootage of those licenses. Again, the land based New Orleans casino is larger. The Indian Reservations have no restrictions for size, just as long as the casino is on their reservation. Outside of the L'Auberge du Lac casino, the indian and Shreveport casinos I feel are the best.I think the New Orleans is building the Hotel right now. A new high-rise building is going up right next to the casino and it is not office space. A couple more condo high-rises are considered too for New Orleans downtown. Why can't Houston get one I don't know why.In the end, you have to realize that law making and politics in Louisiana are like no other area in the US. The state is unique in many aspects which make many people think its weird.In the end I'm calling Texas the place I live but Louisiana is still my home. Link to comment Share on other sites More sharing options...
Parrothead Posted May 25, 2005 Share Posted May 25, 2005 Oh wow, I never even thought about the Napoleonic Code, I find that totally fascinating!! Thanks for the info, that is really cool!! Link to comment Share on other sites More sharing options...
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