Thursday, July 25, 2024

Cordish Companies to finalize Diamond Jacks Casino and Hotel Bossier City acquisition

by BIZ Magazine

BALTIMORE, MD –The Louisiana Gaming Control Board today unanimously grantedLRGC Gaming Investors, LCC, an affiliate of The Cordish Companies, the necessary regulatory approvals required to become a gaming operator in the State. The approval clears the way for Cordish to finalize the acquisition of Diamond Jacks Casino & Hotel in Bossier City and begin its transformation into a world-class Live! branded casino resort and entertainment destination. Central to the redevelopment is the construction of the first land-based casino in the Shreveport-Bossier market. In addition to fully renovating the hotel rooms and public space, Cordish plans to develop a brand new, land-based casino to replace the existing casino riverboat. LIVE! CASINO & HOTEL LOUISIANA is scheduled to open in 2025.

“We’re grateful to the Louisiana Gaming Control Board for their approval and thank them for their consideration and enthusiastic support through this process,” said Joe Weinberg, Managing Partner, The Cordish Companies. “Live! Casino & Hotel Louisiana will be a transformative development that will bring a first-class gaming, dining, entertainment, and hospitality experience, create significant new jobs, and generate millions of dollars in economic benefits for the community. We are extremely excited to continue moving forward with this project and deliver a world-class destination to the region.”

“The Louisiana Gaming Control Board is pleased to announce the approval of The Cordish Companies’ acquisition of the license from the former Diamond Jacks property in Bossier City,” said Ronnie Johns, Chairman, Louisiana Gaming Control Board. “Cordish has an exceptional reputation in providing first rate casino experiences as well as hospitality and entertainment venues across the country. We are pleased with their decision to bring their Live! brand to the State of Louisiana. We feel comfortable that their commitment to a first class $270 million project will help grow the Bossier City/Shreveport gaming market. We welcome The Cordish Companies and look forward to working with them to bring this project to a reality to open sometime in 2025.”

During the public hearing to the Louisiana Gaming Control Board, Cordish officials presented an overview of the plans for the new LIVE! CASINO & HOTEL LOUISIANA, which represents an investment of $270+ million. The world-class gaming, dining, entertainment, and hotel destination will feature:

  • more than 47,000-square-feet of gaming space including 1,000+ slots and electronic table games and 40+ live action table games;
  • a sportsbook;
  • an upscale 550-room hotel, resort pool and fitness center;
  • a 25,000-square-foot, state-of-the-art, multi-purpose Event Center for top name entertainment, meeting, conventions, non-profit and social gatherings;
  • structured and surface parking;
  • 30,000-square-feet of best-in-class dining entertainment venues including 6+ new food and beverage outlets featuring nationally acclaimed concepts Sports & Social and PBR Cowboy Bar; Luk Fu, an Asian restaurant; a fine dining steakhouse; and more.

Among the featured dining and entertainment venues in the facility will be Sports & Social and PBR Cowboy Bar, two national powerhouse names that are among the fastest growing concepts in the United States. The concepts are located at the front door of professional sports stadiums, high-profile entertainment and lifestyle districts, and world-class casino resort destinations across the U.S. including The Battery adjacent to Truist Park in Atlanta, GA; Ballpark Village adjacent to Busch Stadium in St. Louis, MO; Texas Live! in the heart of the Arlington Entertainment District; Xfinity Live! and Live! Casino & Hotel Philadelphia in South Philadelphia’s Stadium District; and Nashville Live! in the heart of downtown Nashville on 2nd Avenue.

Sports & Social, the premier sports bar and restaurant in the United States, offers guests an immersive sports entertainment atmosphere as the next best game watching experience outside of a stadium or arena. Curated by James Beard Award Nominee Chef John Suley, Sports & Social’s menu features an elevated selection from its made-from-scratch kitchen for lunch and dinner. The bar’s beverage program includes carefully crafted cocktails, specialty drinks including Sports & Social’s signature Crush drink, and an extensive line up of brews on tap. 

The venue features multiple digital media experiences, including a state-of-the-art LED media wall, that allows guests to watch multiple games and sporting events at once. Game days at Sports & Socials feature an electric environment with elements such as emcees and DJs, live fan-cams, competitions and games, and industry-leading audio and visual displays including music and light effects. Sports & Social venues showcase a wide variety of interactive social and nostalgic arcade games throughout the space, as well as live music and special events during the week.

Born from the toughest sport on dirt, the iconic PBR Cowboy Bar lives up to its legendary namesake, Professional Bull Riders, which embodies toughness, determination, and a true spirit of independence. PBR Cowboy Bars fuse that spirit with first-class hospitality, bringing an authentic country western experience that marries an electric combination of “cowboy cool” and big-time entertainment. The venue offers high-energy music, expansive bars, private VIP tables, industry-leading sound & lighting, and amechanical bull.

The soul of PBR Cowboy Bar comes alive through its great entertainment, the best in country music, and its rich traditions, including Freedom Friday, a night of appreciation once a month for all military personnel, veterans, first responders and public service members. PBR Cowboy Bars have welcomed some of the biggest names in country music including Luke Bryan, Old Dominion, and Justin Moore.

Additionally, the property will feature Luk Fu (pronounced “Luck Foo”), a vibrant Asian themed restaurant featuring the traditional flavors of Southeast Asia. Chefs from Vietnam, Japan, Korea, and China blend ingredients imported from their native lands with locally grown produce, poultry, seafood and meats to create a menu filled with traditional dishes that span generations, including expertly crafted Dim Sum to a variety of Pho, Wok-Fried and Steamed Noodles, Sushi and more. Luk Fu presents the fast-paced excitement of a traditional Asian street food market, complemented by a robust cocktail list and sake selections.

The development of Live! Casino & Hotel in Bossier City continues Cordish’s vast expansion across markets in the South Central and Southeast regions of the U.S. including Alabama, Florida, Georgia, North Carolina, Tennessee, and Texas where the Company currently has over $1 billion under construction adjacent to its Texas Live! development in the Arlington Entertainment District in North Texas. This month, the Company opened Nashville Live!, a 50,000 square foot, five-level experience in the heart of downtown Nashville on 2nd Avenue.

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