The Louisiana Gaming Control Board has unanimously granted LRGC Gaming Investors, LLC, an affiliate of The Cordish Companies, the necessary regulatory approvals required to become a gaming operator in the state. The approval clears the way for Cordish to finalize the acquisition of Diamond Jacks Casino & Hotel in Bossier City and begin its transformation into a world-class Live! branded casino resort and entertainment destination.
A $270+ million investment
The Cordish Companies plans to redevelop the property with a $270+ million investment that will create significant new jobs and generate millions of dollars in economic benefits for the community. The project will also bring the first land-based casino to the Shreveport-Bossier market by replacing the existing casino riverboat with a state-of-the-art facility.
Joe Weinberg, managing partner of The Cordish Companies, said: “We’re grateful to the Louisiana Gaming Control Board for their approval and thank them for their consideration and enthusiastic support through this process. Live! Casino & Hotel Louisiana will be a transformative development that will bring a first-class gaming, dining, entertainment, and hospitality experience, create significant new jobs, and generate millions of dollars in economic benefits for the community. We are extremely excited to continue moving forward with this project and deliver a world-class destination to the region.”
Ronnie Johns, chairman of the Louisiana Gaming Control Board, said: “The Louisiana Gaming Control Board is pleased to announce the approval of The Cordish Companies’ acquisition of the license from the former Diamond Jacks property in Bossier City. Cordish has an exceptional reputation in providing first rate casino experiences as well as hospitality and entertainment venues across the country. We are pleased with their decision to bring their Live! brand to the State of Louisiana. We feel comfortable that their commitment to a first class $270 million project will help grow the Bossier City/Shreveport gaming market. We welcome The Cordish Companies and look forward to working with them to bring this project to a reality to open sometime in 2025.”
A world-class gaming, dining, entertainment, and hotel destination
Live! Casino & Hotel Louisiana will feature:
- more than 47,000 square feet of gaming space, including 1,000+ slots and electronic table games, and 40+ live action table games
- a sportsbook
- an upscale 550-room hotel, resort pool, and fitness center
- a 25,000 square foot, state-of-the-art, multi-purpose event center for top name entertainment, meeting, conventions, nonprofit, and social gatherings
- structured and surface parking
The Cordish Companies is one of the largest and most respected developers in the world with extensive expertise in gaming, entertainment, hospitality, sports-anchored developments, and mixed-use projects. The company operates Live! branded casino resorts in Maryland and Pennsylvania, as well as Live! dining and entertainment districts in several U.S. cities.
Live! Casino & Hotel Louisiana is scheduled to open in 2025.