Louisiana’s Gaming Commission has approved the sale of the abandoned Bossier City Diamond Jacks Casino to Foundation Gaming, setting the stage for a nearly $200m renovation that the owners say will bring the property back to life.
“This is a day we’ve been waiting for a long time,” Gaming Commission Chairman Ronnie Johns said. “Foundation has an impressive plan.”
Foundation Gaming plans to open its new property, which will be the first land-based casino in the Shreveport-Bossier City market, by Dec. 2024 with demolition to begin early next year.
“We’ve put together what we believe will be a great project for the market and for the community,” said Greg Guida, Foundation’s co-chief executive officer.
The new owners – Foundation is operated by five partners – said the company will rebrand the 26-acre property with a new name, which hasn’t been determined. Its casino will cover 47,000-square-feet, a sportsbook, a 405 room hotel casino, a 300-seat live entertainment venue, three restaurants and two retail outlets, in addition to a spa and pool.