Casino entrepreneur targets New Orleans neighbor for new venue

New Orleans skyscrapers, skyline

Peninsula Pacific Entertainment (P2E) out of Los Angeles, California, has been around for almost 22 years and has had its hands in the casino industry for much of that time. It served as a company that is holding Peninsula Gaming, which was sold to Boyd Gaming nine years ago for $1.45 billion, and is behind Bossier City’s DiamondJacks Casino & Hotel in Louisiana. COVID-19 forced the property to shut down in May of last year, but P2E wasn’t ready to give up on Louisiana’s casino industry. It wants to build a property that is new Slidell, simply outside of the latest Orleans, but there’s an issue. Bossier City is in Caddo Parish regarding the border that is northern of, while Slidell is in St. Tammany Parish in the south.

In Louisiana, casino licenses are issued by the parish, not the state. As a result, P2E, led by CEO Brent Stevens, would have to first approval that is receive state lawmakers, who does authorize (or reject) a request to place a measure regarding the ballot in St. Tammany Parish. Then, neighborhood residents will have to accept (or reject) the demand it to the ballot if it were to make. After that, state gaming regulators would have to approve the relocation of the license, provided voters had agreed, as well as approve any development plans.

Even if lawmakers agree to allow the ballot measure to appear, P2E has a battle ahead. Years ago, St. Tammany Parish voters found a casino gambling measure on the ballot, which they were quick to deny. Just under two-thirds of the voters rejected that measure in 1996; however, were more supportive of sports gambling year that is last. A sports gambling measure that showed up regarding the ballot in found 67% of the voters approving the possibility of sportsbooks coming to the parish.

Slidell is about 35 minutes to the northeast of New Orleans, just over the 5-Mile Bridge november. If Stevens and P2E are able to gain the support needed, the venue that is new possibly be a $250-million resort near to Lake Pontchartrain while the Lakeshore Marina. It might provide the casino and a hotel with 250 tips, but no given information about other amenities have been provided. While it’s possible that COVID-19 might make parish voters more amenable to the idea of a casino, as has been seen elsewhere, Stevens has to realize the battle that is uphill going to fight.(*)

Latest posts