The Diamond Jacks On line casino in Bossier Metropolis, Louisiana is about to be bought once more.
Lower than a 12 months after Mississippi-based Basis Gaming agreed to amass a business riverboat that had been vacant since March 2020, Basis has now entered right into a tentative settlement to promote the property. reached. The customer is Baltimore-based Cordish His Firms, which operates Stay!-branded casinos in Maryland and Pennsylvania.
California gaming and hospitality firm Peninsula Pacific Leisure (P2E) completely closed Diamond Jacks throughout the outbreak of the COVID-19 pandemic. The corporate, then acquired by Churchill Downs, sought to maneuver its Louisiana gaming license to a extra enticing market.
However after voters in St. Tammany Parish rejected P2E’s efforts to construct a brand new on line casino in Slidell, P2E was compelled to reopen Diamond Jacks, promote the ability, or quit gaming privileges. rice discipline.
The inspiration rescued P2E by agreeing to buy the vacant former riverboat in Might 2022 for an undisclosed quantity. The inspiration instructed the Louisiana Gaming Management Board (LGCB) in December that it might make investments $200 million to renovate the DiamondJacks lodge and transfer the on line casino from the dilapidated Riverboat to a brand new land-based on line casino house. .
Delay Price It
LGCB regulators had been initially happy to study that the muse was interested by Diamond Jacks.
“That is the day now we have been ready for for a very long time. The Basis has spectacular plans,” LGCB Chair Ronnie Johns mentioned in December.
At a particular LGCB assembly yesterday, the Basis revealed its need to promote Diamond Jacks to Kordish. Basis officers mentioned Kordish’s plan was truly extra intensive and expensive than its personal plan.
The Basis was because of full a $200 million overhaul in December 2024. Promoting Diamond Jack to Kordish delays the opening of the on line casino. That is as a result of Kordish needs to do its personal due diligence when formulating blueprints for the ultimate renovation.
The undertaking can be delayed by just a few months, however it will likely be enormously enhanced,” Johns mentioned. Shreveport Instances This can be a continuation of right this moment’s board assembly. “I am excited in regards to the new improvement.”
The brand new Diamond Jacks can be Bossier Metropolis’s first land-based on line casino. The native Shreveport/Bossier Metropolis gaming market additionally consists of Bally’s, Boomtown, Horseshoe, Margaritaville and Sam’s City casinos.
Presentation schedule
LGCB has motioned to permit the Basis to proceed with the settlement to promote Diamond Jacks to Kordish. State Gaming His commissioner mentioned Kordish will current the redevelopment plan to the board at his subsequent assembly scheduled for April 17.
At the moment, extra particulars about what Kordish has in retailer for the property can be launched.
To at On line casino.org So far as we all know, Kordish by no means purchased and redeveloped a on line casino. His two most vital gaming property for the corporate — Stay!, Hanover’s On line casino Lodge Maryland and Stay! On line casino Lodge Philadelphia — Each had been new, constructed from the bottom up.
However Cordish Stay! The on line casino, which is definitely positioned in Westmoreland, Pittsburgh, is a so-called “mini-casino,” and the corporate has reconfigured the previous Bonton’s division retailer for its gaming enterprise.
