\nI’ve been very impressed with Foundation, and I feel very confident they will inject new life into the property, which is good for Shreveport-Bossier and for Louisiana,” <\/strong>Johns said.<\/p>\n<\/blockquote>\nFoundation plans to present its $200 million blueprint during the LGCB’s December meeting. At that time, Johns said the board will decide whether to sign off on the development.<\/p>\n
If the board lends its approval, Foundation said construction would begin in early 2023. They anticipate having the new destination finished and ready for business in the spring of 2024.<\/p>\n
Johns Scolds P2E<\/b><\/h2>\n Peninsula Pacific bought DiamondJacks in 2016 from a local group of investors. The prior owners operated the riverboat under the entity Louisiana Riverboat Gaming Partnership. Johns doesn’t believe P2E ever had the true intent of making DiamondJacks profitable and assuring the casino’s future longevity.<\/p>\n
\nPeninsula bought the property to go to St. Tammany,” <\/strong>Johns opined.<\/p>\n<\/blockquote>\nIt’s been many years since DiamondJacks was considered a main player in the Shreveport-Bossier gaming market. During the 2019 fiscal year, DiamondJacks’ gross gaming revenue totaled $35.2 million — just a sliver of the more than $1.86 billion in statewide gaming revenue generated that year among the state’s 15 casinos.<\/p>\n
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Shreveport-Bossier is home to six casinos — Boomtown, Bally’s, Horseshoe, Sam’s Town, Margaritaville, and DiamondJacks. GGR in the fiscal year 2019 for the local market totaled more than $626.4 million, meaning DiamondJacks controlled less than a 6% market share.<\/p>\n<\/div>\n
Johns believes it was always P2E’s focus to try and relocate the DiamondJacks casino license near New Orleans. Voters in the St. Tammany Parish last year rejected a local referendum during a special election held in December. The referendum sought their approval to allow P2E to build a $325 million casino resort on Slidell’s Lakeshore Marina.<\/p>\n","protected":false},"excerpt":{"rendered":"
The shuttered DiamondJacks Casino in Bossier City, La., a COVID-19 casualty, is readying its comeback. Mississippi riverboat operator Foundation Gaming acquired the shuttered Bossier City casino in May from Peninsula Pacific Entertainment (P2E) for an undisclosed sum. Foundation owns and operates the Fitz Tunica Casino & Hotel and WaterView Casino & Hotel in Vicksburg, Mississippi. […]<\/p>\n","protected":false},"author":25,"featured_media":237633,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,13592],"tags":[83267,83268,82070],"acf":[],"yoast_head":"\n
DiamondJacks Casino in Bossier City Presents $200M Redevelopment<\/title>\n \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