“I anticipate they will reopen DiamondJacks. The board may give them a little more time than the 60 days to get back up and running,”<\/strong> Johns explained.<\/p>\nReopening DiamondJacks won’t be an easy task. P2E in October of 2020 held a fire sale of the resort’s assets, including kitchen and restaurant equipment, furnishings from the 560 hotel guestrooms, lighting fixtures, linens, ice machines, and china.<\/p>\n
DiamondJacks in Rough Times<\/b><\/h2>\n
DiamondJacks Casino opened as Isle of Capri Bossier City in 1994. Developed and opened by Isle of Capris Casinos Inc., the Bossier City riverboat was sold in 2006 to a local entity called Legends Gaming, which renamed it DiamondJacks.<\/p>\n
Legends was unsuccessful as a gaming operator, and DiamondJacks racked up more than half of a billion dollars in debt. The company entered bankruptcy in 2012, and various creditors took control of the casino that year.<\/strong><\/p>\nP2E acquired DiamondJacks in 2016. But the rundown riverboat failed to compete with higher-end properties in Bossier. Isle of Capris Casinos Inc. was sold to Eldorado Resorts — the present-day Caesars Entertainment — in 2017 for $1.7 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"
DiamondJacks Casino in Bossier City, La., might be making a comeback. The casino’s owner, Peninsula Pacific Entertainment (P2E), was forced to temporarily shutter its Louisiana casino in March 2020 on state orders to combat the escalating COVID-19 pandemic. Just two months later, P2E said it would not reopen the commercial riverboat. The company opted to […]<\/p>\n","protected":false},"author":25,"featured_media":195321,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,13592],"tags":[],"acf":[],"yoast_head":"\n
DiamondJacks Casino Could Reopen Following St. Tammany Election<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n