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Article: In Louisiana, the chips fall.(Edward DeBartolo Jr. and Edwin Edwards may be indicted for alleged payoff for Louisiana casino license)(Brief Article)
- Article from:
- The Economist (US)
- Article date:
- December 6, 1997
CopyrightCOPYRIGHT 1997 Economist Newspaper Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW ORLEANS
WHEN Louisiana legalised gambling five years ago, investors came from far and wide, expecting easy money in a state with easy morals. But involvement in Louisiana gaming seems a bit like playing craps: sooner or later, the odds will catch up with you.
The latest casualty is Edward DeBartolo Jr, owner of the San Francisco 49ers. Mr DeBartolo announced this week that he would give up his management duties with the team to concentrate on defending himself in court. His legal troubles stem from an extracurricular venture: a riverboat casino he once co-owned in Bossier City, Louisiana. Mr DeBartolo was one of six men to receive a "target letter" this ...