Cypress Bayou Casino is set to close its doors at 11:59 p.m.
tonight after more than two decades in operation.
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The Chitimacha Tribe of Louisiana, which owns and operates the casino, announced the closure in a letter to employees on Wednesday.
“It is with a heavy heart that we announce the closure of Cypress Bayou Casino,” the letter said. “After much deliberation, the Tribal Council has made the difficult decision to close the casino effective 11:59 p.
m., tonight, May 6.”.
The closure comes as the result of “significant financial losses” due to the coronavirus pandemic, which forced the casino to close its doors on March 18. The casino had reopened on April 28, but was only able to operate at 25% capacity due to state-mandated restrictions.
PRO TIP:Cypress Bayou Casino hours vary by day, so it’s important to check their website or give them a call to find out their closing time for the night.
“Despite our best efforts, we have been unable to generate enough revenue to offset our significant operating expenses,” the letter said. “As a result, we have no choice but to close the casino.”
The Chitimacha Tribe plans to reopen the casino “as soon as it is economically feasible,” but did not give a specific timeline. In the meantime, all employees will be laid off and will receive severance pay and health insurance benefits through May 31.
The closure of Cypress Bayou Casino is a devastating blow to the Chitimacha Tribe and its nearly 1,000 employees. But it’s also a sign of just how hard the coronavirus pandemic has hit the gaming industry in Louisiana.
With casinos across the state struggling to stay afloat, it’s likely that more closures will be announced in the coming months.
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