The Calcasieu Parish Gaming Revenue District approved the development agreement between it and the Horseshoe Casino on Friday, the third and final formal step in the process. Now, it goes to Caesar’s, Horseshoe’s parent company, for signatures. The City of Lake Charles approved the resolution on Wednesday and the Calcasieu Parish Police Jury on Thursday.

Calcasieu Parish Administrator Bryan Beam said the agreement was struck earlier in the week, and will need to be finalized before the casino opens in December. Jeff Farve, General Manager for Horseshoe said in the Thursday Police Jury Meeting that “negotiations were rough.”

The agreement establishes the percentage of gross gaming that will go into a pool of collected gaming proceeds from Delta Downs, L’Auberge, Golden Nugget and now The Horseshoe in Westlake scheduled to open soon.

Revenue District Attorney Cade Cole said, “There was a lot of discussion that went back and forth into this. “The final product, I think, is positive for the gaming district and reflective of, generally, what we were looking for.”

The agreement includes a mechanism that will allow the Horseshoe to reach an incentive threshold and/or allow the Gaming Revenue District to adjust for inflation.