Thursday, June 20, 2024

Diamond Jacks Casino and Hotel Bossier City acquisition finalzed

by BIZ Magazine

The Louisiana Gaming Control Board has 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 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,” said Joe Weinberg, Managing Partner, The Cordish Companies. “We are extremely excited to continue moving forward with this project and deliver a world-class destination to the region.”

Ronnie Johns, chairman of Louisiana Gaming Control Board, said “Cordish has an exceptional repu,tation 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.”

During the public hearing to the Louisiana Gaming Control Board, Cordish officials presented an overview of the plans, 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;

– 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;

– 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.

-
00:00
00:00
Update Required Flash plugin
-
00:00
00:00