The Louisiana House approves legislation that calls for a 30-year contract extension between state and Harrah's land-based casino in New Orleans.
House Speaker Taylor Barras says the deal also calls for Harrah's to make a 350-million dollar investment in the gaming property and the casino operator already has robust plans in mind.
"What is on the drawing board, the 340-room luxury hotel that will be built on top of the existing casino," Barras said.
Barras says Harrah's would also add new restaurants and a night club. He says Harrah's massive investment in the only land-based casino in the state will mean hundreds of jobs.
"600 construction jobs, hopefully as the hotel property comes on line, a lot of direct jobs, somewhere near the 900 range," Barras said.
If the Senate approves the contract, the Harrah's casino in New Orleans would remain in operation until 2054.
The company currently pays the state 60-million dollars a year, under the new contract Louisiana would receive an additional 3.6 million dollars annually, which will be spent on early childhood education.