Shuttered riverboat casino in Lake Charles, Louisiana gets new name; to move ashore in fall 2022

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Louisiana, casino and hotel company Caesars Entertainment Inc. (NASDAQ: CZR) has announced details of a plan to bring its shuttered Isle of Capri Lake Charles property in Calcasieu Parish ashore in fall 2022 as Horseshoe Casino Lake Charles.

The riverboat casino never re-opened after in late August last year it was heavily damaged during Hurricane Laura when it broke loose from its mooring and got stuck under the Interstate 10 bridge (pictured). And remember, the state‘s casino sector was already struggling before COVID-19 was declared a pandemic by the World Health Organization (WHO) in March 2020, not to mention the year’s record-breaking hurricane season.

It was the first riverboat casino in the southeastern U.S. state to gain approval to move to dry land, when in December 2019 the Louisiana Gaming Control Board unanimously approved a plan from what was then, Eldorado Resorts Inc., to build a new $112.7 million casino to be located between the parking lot and hotel at the floating casino site in Westlake, which is about 4.5 miles from the City of Lake Charles.

Expansion details:

According to the official press release, the expanded casino will have 60,000-plus square feet of gambling space, 15,000 square feet more than what the Isle has, along with nearly 1,000 slot machines and table games. The new land-based casino will also be home to a 10-table World Series of Poker (WSOP) card room and a Caesars-branded sportsbook.

Other property amenities are to include a redesigned 253-room hotel tower “inspired by local scenery” and new dining options including a Brew Brother Tap House.