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[JWR_NOLA]

Harrah's wants to up ante

Friday, August 19, 2005
By Rebecca Mowbray
Business writer

Four years after winning a concession from the Louisiana Legislature to operate a 450-room hotel,which is only months away from opening, Harrah's New Orleans Casino is looking for more.

The Canal Street casino, where business has been grow rapidly, has told the Greater New Orleans Hotel and Lodging Association that it wants to lift or lighten the restrictions on the number of hotel rooms it can operate.

Although Harrah's 450-room tower on Fulton Street is expected to open early next year, Harrah's executives say the new hotel won't be enough to house its visitors.

http://www.nola.com/...31414131280.xml

[alon504]

I have no problem with Harrah's building another highrise hotel as it is evident that their business is increasing dramatically and it is good to see.  However, there should be one stipulation, in my opinion....bring back the $100 million minimum state tax payment.  With the increased business and with increased hotel rooms their business is likely to grow even more, and they should go back to the original tax agreement.