The Cordish Cos. has announced an agreement to acquire Diamond Jacks Casino & Hotel, located in Bossier City in northwest Louisiana, according to multiple media outlets.
The seller and acquisition price were not disclosed.
Subject to approval by the Louisiana Gaming Control Board, Cordish plans to redevelop the property into a casino resort and entertainment destination. Closed since March 2020, the development will be the first in the state of Louisiana under Cordish’s Live! brand, which offers dining, entertainment, casino, hotel and sports-anchored entertainment spaces.
Cordish was the development partner for Hard Rock Hotel & Casino properties in Hollywood and Tampa, Fla., and has multiple assets in Maryland, Pennsylvania and Texas. Additionally, the company has new developments in Florida, Alabama, Georgia, North Carolina and Tennessee.
Foundation Gaming & Entertainment will partner with Cordish to complete the project.
