House Approves New Lease On Life For Harrah's

Harrah's Casino Getty Images

The Louisiana House is in agreement that Harrah's Casino should remain operational for a few more decades.

The chamber voted 79-12 yesterday in favor of a no-bid, 30-year contract extension for the Las Vegas-based firm.

In return, Harrah's has to invest another $350 million in the facility other than an expansion of its gambling hall.  The company has said it's planning to build a 340-room hotel, among other things.

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