BOSSIER CITY, La. – The Cordish Companies has agreed to acquire Diamond Jacks Casino & Hotel in Bossier City, La.
The company intends to redevelop the property, which has been closed since March 2020, into a Live! casino resort and entertainment destination including the construction of a land-based casino to replace the existing casino riverboat. The announcement continues Cordish’s expansion across markets in the South Central and Southeast regions of the United States. The company currently has more than $1 billion under construction adjacent to its Texas Live! development in the Arlington Entertainment District in north Texas, along with major new developments in Florida, Alabama, Georgia, North Carolina, and Tennessee.
“It is incredibly exciting for The Cordish Companies to make this announcement … and to be working with Foundation Gaming & Entertainment on this new opportunity in Bossier City to bring our Live! brand to Louisiana for the first time,” says Joe Weinberg, managing partner of The Cordish Companies. “We are committed to creating a world-class resort destination that brings first-class gaming, dining, entertainment, and hospitality amenities to the region, creates significant new jobs, and generates millions of dollars in economic benefits for the community.”
“We are thrilled to announce our agreement with The Cordish Companies and believe that the introduction of their Live! Brand in the market will have a tremendous impact on the entire northwest Louisiana region,” says Greg Guida, co-CEO of Foundation Gaming & Entertainment. “We are confident they will deliver a great product for the market, and we look forward to working with them to bring the project to fruition.”
The company’s Live! brand welcomes more than 55 million annual visitors to its dining, entertainment, casino, hotel, and sports-anchored entertainment districts.
“The Cordish Companies is one of the leading developers and operators of high-profile mixed-use, entertainment, and casino resort destinations in the country,” says Thomas Chandler, Mayor of Bossier City. “This project will not only attract millions of visitors to our city annually, but it will also create substantial new jobs and generate additional significant tax revenue for our community. We look forward to working closely together with Cordish and Foundation Gaming & Entertainment to bring a world-class destination to Bossier City.”
The proposed project is subject to approval by the Louisiana Gaming Control Board.
