Committee To Consider Harrah's Contract Extension Monday

posted by News Talk 99.5 WRNO -

Harrah's Casino Getty Images

Operators of Harrah's New Orleans casino are hoping for a favorable legislative committee vote today as they seek a no-bid, 30-year contract extension.

While the current agreement doesn't expire until 2024, the extension comes with promises by operators to invest $350 million in a new hotel and other attractions.

However, Senator J.P. Morrell from New Orleans says the contract matter has become a distraction to the state's impending fiscal cliff of nearly $700 million and that he'll vote against the bill today.

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