Cordish Unveils $250M Overhaul of Diamond Jacks Casino in Louisiana’s Bossier City
The Cordish Companies before this month tentatively reached an arrangement with Foundation Gaming to gain the long-shuttered LA riverboat that was called Diamond Jacks until it shut inwards March 2020.
The Baltimore-based gaming and hospitality firm, which operates Live!-branded casinos in Maryland and Pennsylvania, presented its Diamond Jacks redevelopment plans to the Pelican State Gaming Control Board (LGCB) during the agency’s coming together yesterday.
Cordish officials told land regulators that, with the state’s blessing, the company would drop to a greater extent than $250 zillion to transmute the dilapidated riverboat and hotel into a premier gambling casino holiday resort and amusement destination. The investment would ensue inward an only unexampled land-based cassino and a full redevelopment of the current hotel. The existing riverboat would be removed from the Red River River.
Cordish reps told the gaming regulators that the resort hotel would follow called Live! Casino & Hotel Louisiana. That aligns with the firm’s other gambling casino resorts, including Live! Casino & Hotel MD and Live! Casino & Hotel Philadelphia. Cordish additionally operates Live! Casino Pittsburgh, a dress shop gambling casino that doesn’t experience a hotel.
Project Details
Cordish Managing Partner Joe Weinberg said Live! Pelican State would include 47,000 second power feet of gaming place with more than 1,000 slot machines and electronic tabularize mettlesome positions, plus 30 traditional unrecorded dealer tables and a sportsbook.
The hotel overhaul would final result in 400 updated guestrooms, 25,000 foursquare feet of customizable multi-purpose events space, and legion(p) dining and imbibing options. A PBR Cowboy Bar is also inward the too soon plans.
Live! Casino & Hotel LA testament land a first-class gaming, dining, entertainment, and hospitality receive to the region, make significant new jobs, and generate millions of dollars in economic benefits for the community,” said Steven Weinberg stated.
LGCB Chair Ronnie Johns verbalised his funding for the Cordish plan.
“The reputation of The Cordish Companies throughout the country to possess and run first-class casinos, restaurants, hotels, and amusement destinations is exemplary,” Johns said during the Monday meeting.
Foundation Gaming in agreement(p) to purchase Diamond Jacks inwards May 2022 from Peninsula Pacific Entertainment (P2E) for an unrevealed sum. The LGCB approved the sale inward December after Foundation presented the state with a $200 zillion redevelopment that also included a young land-based casino.
Riverboats Move Inland
Louisiana lawmakers inward 2018 amended the state’s 27-year-old gaming practice of law to appropriate riverboats to run inland, so long as they remain within 1,200 feet of their original barges. The 2018 regulatory exchange also allowed casinos to spread out beyond the previous crest of riverboats beingness modified to 30,000 square up feet of gaming space.
The LGCB signed cancelled on Cordish’s contrive for Diamond Jacks but the gaming unwaveringly must stock-still undergo a suitableness review. That testament be conducted past the Pelican State State Police, with the practice of law enforcement government agency set to nowadays its ground findings to the LGCB in the coming months.
Should Cordish follow found suitable to possess a body politic gaming licence inward Louisiana, the LGCB would follow expected to formally O.K. of the company’s acquisition of the gaming yielding and Diamond Jacks property from Foundation.
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