The Cordish Companies Monday presented master project plans to the Louisiana Gaming Control Board for the redevelopment of Diamond Jacks Casino & Hotel in Bossier City. Cordish plans to transform the property into a Live! casino resort and entertainment destination, including the construction of a new land-based casino and the removal of the existing casino riverboat.
Live! Casino & Hotel Louisiana is scheduled to open in 2025.
“Live! Casino & Hotel Louisiana will bring a first-class gaming, dining, entertainment, and hospitality experience to the region, create significant new jobs, and generate millions of dollars in economic benefits for the community, said The Cordish Companies Managing Partner Joe Weinberg in a statement.
The Cordish Companies April 5 announced an agreement to acquire Diamond Jacks from Foundation Gaming & Entertainment.
“The development plan for the Diamond Jacks property that was presented this morning will be transformative,” said Foundation Gaming & Entertainment Co-CEO Greg Guida. “Finishing up the demolition that was started in February will get the property ready for the transformation to a Live! Casino & Hotel.”
The new Live! Casino & Hotel Louisiana, which represents an investment of more than $250 million, will feature 47,000 square feet of gaming space, including more than 1,000 slots and electronic table games and more than 30 table games. Also planned is resort-style hotel with more than 400 rooms,a 25,000-square-foot, state-of-the-art, multi-purpose, event center, structured and surface parking, and dining and entertainment venues.
“The reputation of The Cordish Companies throughout the country to own and operate first-class casinos, restaurants, hotels, and entertainment destinations is exemplary,” said Louisiana Gaming Control Board Chairman Ronnie Johns in a statement.
“Live! Casino and Hotel Louisiana will attract millions of visitors to our city, create substantial new jobs, and generate additional significant tax revenue for our community. It’s a life changer for our region,” said Bossier City Mayor Thomas Chandler.
The agreement is part of Cordish’s expansion into southeastern and southcentral U.S. markets. Cordish is currently investing $1 billion in construction adjacent to its Texas Live! development in the Arlington Entertainment District in North Texas and has new developments in Florida, Alabama, Georgia, North Carolina, and Tennessee.