Wednesday, June 19, 2024

New $270+ Million casino breaks ground

by BIZ Magazine

LRGC Gaming Investors, LLC, an affiliate of The Cordish Companies, today celebrated the commencement of construction on the first land-based casino in the Shreveport-Bossier market and the $270+ Million LIVE! CASINO & HOTEL LOUISIANA, a project that will serve as a regional destination for world-class gaming, dining, entertainment, and hotel amenities.  

The official groundbreaking ceremony, hosted by The Cordish Companies Principal Jon Cordish, was attended by Louisiana State Senator Barrow Peacock, State Representative Sam L. Jenkins, Jr., Bossier City Mayor Thomas Chandler, and Louisiana Gaming Control Board Chairman Ronnie Johns, along with dozens of regional elected officials, and business, community and tourism leaders, who joined Cordish executives for the first turn of the shovels marking the start of construction on a project that will set a new standard for development in the Ark-La-Tex region bringing economic opportunity and inclusivity to residents.  

The project is expected to generate $35 million in gaming tax revenues for the City of Bossier and more than $168 million in gaming tax revenues for the State of Louisiana within the first five years of operation. Annually it will generate $34 million in salaries, wages and tips, create approximately 750 new construction jobs and approximately 750 permanent gaming and hospitality jobs for local and regional residents, as well as contract opportunities for local, minority, women-owned, and veteran-owned businesses. 

“Today marks an incredibly special day for my family and The Cordish Companies as we continue to expand our Live! brand in the Southeast region of the country with the development of Live! Casino & Hotel Louisiana,” said Jon Cordish, Principal of The Cordish Companies. “With the first land-based casino in the market, Live! Casino will be a transformative development that will bring a first-class gaming and entertainment experience to millions of visitors, create significant new jobs, and generate millions of dollars in economic benefits for the community for generations to come. I’d like to thank state and local officials, in particular Mayor Chandler and Ronnie Johns, for their continued support for this project.” 

Live! Casino & Hotel Louisiana is being built on the site of the former Diamond Jacks Casino & Hotel in Bossier City. The property is located along the scenic Red River, directly across from Shreveport, with convenient access off U.S. Highway 71 and Interstate 20, approximately 20 miles from the Texas border and 40 miles from the Arkansas border, allowing for easy access for out-of-state guests and patrons.  

Scheduled to open in 2025, Live! Casino & Hotel Louisiana 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 multiple 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. 

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