A few weeks ago, it was announced that Foundation Gaming planned to sell the former Diamond Jacks property in Bossier City to Baltimore-based entertainment, gaming, and real estate developers The Cordish Companies.

Cordish is well known for operating gaming and entertainment ventures in Houston, St. Louis, Atlanta, and Philadelphia, among other major US markets. In many of their markets, they utilize their "LIVE!" brand. Which plays into the announcements we got today, as Cordish revealed their plans for the Bossier City property to the Louisiana Gaming Control Board.

The "master plan" for the Bossier City property does include Cordish's well known "LIVE!" brand. A press release from Cordish was sent out after the presentation to the Gaming Control Board. In their release, they put out specific details for what you can expect at the new propert:

"The new LIVE! CASINO & HOTEL LOUISIANA, which represents an investment of $250+ million, will be a world-class gaming, dining, entertainment and hotel destination, featuring:

  • more than 47,000-square-feet of gaming space including 1,000+ slots and electronic table games and 30+ live action table games;
  • an upscale 400+ room resort-style hotel;
  • a 25,000-square-foot, state-of-the-art, multi-purpose event center for top name entertainment, meeting, conventions, non-profit and social gatherings;
  • structured and surface parking;
  • and 30,000-square-feet of best-in-class dining and entertainment venues including 6+ new food and beverage outlets featuring nationally acclaimed concepts Sports & Social and PBR Cowboy Bar."

Here are some of the renderings Cordish unveiled today...

Credit: Cordish Companies
Credit: Cordish Companies
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Credit: Cordish Companies
Credit: Cordish Companies
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Credit: Cordish Companies
Credit: Cordish Companies
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Credit: Cordish Companies
Credit: Cordish Companies
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Credit: Cordish Companies
Credit: Cordish Companies
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Foundation's purchase of the former Diamond Jacks property was just finalized in December, and they had started to move forward with a $200 million renovation project. However that is all on hold now as Cordish moves in takeover the project.

The former Diamond Jacks closed in 2020 during the COVID pandemic. Their owner at the time, Peninsula Pacific, attempted to move the license to St. Tammany Parish, but voters in that area rejected the bid through a vote. Foundation was then able to get approval to buy and reopen the casino, but now they will be set to sell it before they ever even attempted to reopen it.

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