Regulator Approves Louisiana Downs Sale for this Reason

Louisiana’s Gaming Control Board approved the sale of Harrah’s Louisiana Downs horse racetrack and casino in Bossier City Thursday and granted FanDuel a fantasy sports gambling license.

The sale of Louisiana Downs by Caesars Entertainment to Rubico Gaming for $16.5 million has been in the works for more than a year.

It will need final approval of the Louisiana Racing Commission during its 10 a.m. Oct. 26 meeting.

Louisiana Gaming Control Board Chairman Ronnie Johns said he believes the sale is critical to the future of Louisiana Downs.

“I really believe if this sale didn’t go through Caesars would ultimately close the facility; the company just isn’t interested in operating a horse racetrack,” Johns said.

Louisiana Downs has roughly 12,000 square feet of casino floor space in addition to the expansive horse racing facility.

He said profits from the casino have kept the horse racetrack afloat…