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Gaming board adopts shelf approval, multiple renewals and other measures in Feb. 20 meeting
Summary
The Louisiana Gaming Control Board approved Caesars' $24 billion shelf application, renewed several riverboat licenses, approved an institutional investor qualification and cleared multiple video-gaming transfers and other motions.
The Louisiana Gaming Control Board adopted a series of resolutions and approved motions on Feb. 20, 2025, including a shelf approval for Caesars Entertainment Inc., renewal of multiple riverboat gaming licenses, approval of an institutional investor qualification and several administrative motions.
Key outcomes at a glance:
- Caesars Entertainment Inc. — Shelf approval of debt transactions up to a cumulative total of $24,000,000,000 for three years, beginning Feb. 20, 2025. The resolution requires Caesars to provide term sheets and executed documents to the State Police Gaming Enforcement Division Audit Section within 10 days of consummation. Motion moved by Judge Scholes and seconded by Miss Becknell; roll call recorded unanimous approval (Becknell yes; Jackson yes; Lewis yes; Poole yes; Hamilton Acker yes; Scholes yes; Traylor yes; Chairman Aber yes). Outcome: resolution adopted.
- Horseshoe Bossier City Casino and Hotel — Amendment to statement of conditions to reduce the hotel requirement to 600 rooms approved;…
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