DiamondJacks Bossier City New Owner to Present Reopening Plans Next Month
Posted on: May 13, 2022, 01:34h.
Last updated on: May 13, 2022, 10:02h.
DiamondJacks Casino in Bossier City, La., has been closed since the onset of the COVID-19 pandemic in March of 2020. It will be at least another year before gaming resumes at the property.

Foundation Gaming, a regional casino operator based in Mississippi with a track record of refurbishing distressed gaming properties, last month entered into a buy-sell agreement with DiamondJacks owner Peninsula Pacific Entertainment (P2E). The terms will eventually result in the Foundation taking control of the Louisiana riverboat after buying out P2E for an undisclosed sum.
Louisiana Gaming Control Board (LGCB) revealed yesterday that the transaction is proceeding as planned. LGCB Chair Ronnie Johns added that P2E selling the casino and gaming license — as opposed to forfeiting the permit — will greatly expedite the time it will take to return live gambling.
If Peninsula Pacific would have surrendered the license, Louisiana law would require the state board to open up a competitive bidding process. With regulatory probes of the interested companies and background checks on key officials, the process would have likely taken several years.
Johns says Foundation company officials will present an in-depth renovation plan to the board sometime next month.
DiamondJacks Timeline
Peninsula Pacific Entertainment unsuccessfully sought to relocate its Louisiana casino license to Slidell just north of New Orleans amid the pandemic. P2E justified that the Bossier City market has become oversaturated.
While the LGCB agreed to sign off on the move, the transfer required local approval of residents in St. Tammany Parish, home to Slidell. But locals voted against the P2E pitch — a $325 million project called Camellia Bay Resort — during a 2021 December vote.
With St. Tammany remaining a non-gambling parish, and therefore terminating the Camelia Bay scheme, P2E was told it must reopen the DiamondJacks casino or surrender its gaming privileges. Foundation Gaming plans to bring DiamondJacks back to life, as it did with its two casinos in Mississippi — Fitz Tunica Casino & Hotel and WaterView Casino & Hotel in Vicksburg.
“They’re a very reputable company,” Johns said of Foundation Gaming during Wednesday’s LGCB meeting. “They have a history of taking distressed properties and renovating them into much nicer and much more viable properties, particularly in Mississippi.”
Renovation First
With DiamondJacks sitting vacant for more than two years, Foundation reps say the property requires substantial investment before guests can return. The company told the LGCB that it will take a year or longer to renovate the resort’s 560 hotel guestrooms, meeting spaces, and restaurants.
Foundation also needs to purchase most interior equipment after P2E liquidated many of the resort’s furnishings, including everything from commercial kitchen equipment to guestroom lamps and flat-screen televisions.
Foundation also plans to take advantage of the state’s 2018 law that allows riverboat casinos to move inland up to 1,200 feet from their original barges. The new gaming space, Johns said as relayed to him by Foundation officials, will be much more appealing.
The old legacy riverboats had very low ceilings and were smoky,” Johns said. “Going with the land-based property, they have the ability to put in a very high-tech, first-class ventilation system that’s a safer environment for the customer.
“It’s going to be a nicer experience,” Johns concluded.
Related News Articles
Most Popular
Las Vegas Sands Owner Dr. Miriam Adelson Says Hamas Supporters ‘Dead to Us’
Los Angeles Dodgers, Toronto Blue Jays Favorites to Add Shohei Ohtani
Oklahoma Tribes Concerned About Mark Cuban’s Dallas Mavericks Sale
Miriam Adelson Using Sands Stock Cash to Buy Dallas Mavericks Majority
Most Commented
-
F1 to Remove Tunnel Population Living Beneath Las Vegas Strip
November 14, 2023 — 28 Comments— -
Edwin Castro is Rightful Winner of $2.08B Powerball, Lawyer Says Video Proves
November 16, 2023 — 15 Comments— -
Court Voids Nassau Coliseum Lease Transfer for Sands New York Casino Plan
November 10, 2023 — 9 Comments— -
VEGAS MYTHS RE-BUSTED: The Old MGM Grand Was Imploded After the Fire
November 17, 2023 — 8 Comments— -
Sands Nassau County Casino Effort Scores Win in New York Appeals Court
November 12, 2023 — 6 Comments—
Last Comment ( 1 )
yeaaaaaaaaaa! And I sure hope a big poker room will be in the plans. A room big enough to draw in some of the big and well known players from the Vegas area. That would be fun. Diammond Jacks was the first casino here in Shreveport/Bossier and we welcome them back with open arms. What we have now are just some tired and worn out hotels with NO valet service, and tired rooms with no maid service or coffee services in rooms and we are ready for some new and vibrant hotels that care about their guests. Come on in Diamond Jacks!