Senate committee moves Harrah's bill forward

BATON ROUGE, LA (WVUE) - A Louisiana Senate committee has been debating a bill to extend Harrah's lease for another 30 years.

At issue are market conditions which Harrah's says dictates an extension now versus opponent arguments that the state has not done its homework.

The Harrah's bill was debated for two hours on Monday after being on life support for two weeks.

The Senate Judiciary Committee approved a set of amendments that would require Harrah's to invest their $350 million in a new hotel within six years.

It also limits Harrah's license to a 20-year term with a 10-year option. But opponents argued that the state has not done due diligence and needs to keep working on a deal that means hundreds of millions of dollars to the state and City of New Orleans.

The bill moves to the full Senate for approval after the 4-3 vote.

The Senate could decide in a matter of days.