$270M Live! Casino Hotel Louisiana Groundbreaking by Cordish

The Cordish Companies Break Ground on Live! Casino & Hotel Louisiana

On December 13th at 11:00 a.m. local time, The Cordish Companies will commence construction on Live! Casino & Hotel Louisiana. The $270 million project will redevelop the former DiamondJacks Casino Resort in Bossier City, Louisiana. The company, which acquired the property from Foundation Gaming, plans to replace the riverboat with a new land-based casino and revamp the property’s 500-room hotel.

The expansion will also include 25,000 square feet of customizable event space, along with various dining and drinking establishments. Notably, Cordish’s investment is in addition to the undisclosed acquisition price of DiamondJacks and its gaming license.

Live! Casino & Hotel Louisiana is expected to contribute significantly to the local economy. The resort is projected to generate over $35 million in gaming taxes for the City of Bossier and more than $168 million in gaming taxes for the state within its initial five years of operation. The project is forecasted to create 750 permanent jobs and provide contract opportunities for local, minority, women-, and veteran-owned businesses.

Cordish Chairman David Cordish and Rob Norton, President of Cordish’s Gaming Group and Live! Casinos, will attend the groundbreaking ceremony. The company aims to open the Louisiana resort in early 2025.

The redevelopment marks a significant milestone for the Louisiana gaming industry. In 2018, state lawmakers amended the gaming law to permit riverboats to move inland within 1,200 feet of their original barges. Live! Casino & Hotel Louisiana will be the first land-based casino in the Shreveport/Bossier City market, situated near the Texas and Arkansas borders.

The Cordish Companies currently manage Live! Casino & Hotel Maryland near Baltimore-Washington International Airport, Live! Casino & Hotel Philadelphia in the city’s Stadium District, and Live! Casino Pittsburgh in the Pittsburgh suburbs of Westmoreland.

The saga of DiamondJacks dates back to its closure during the COVID-19 pandemic, prompting the company to sell the property to Foundation, who then sold it to Cordish. The latter ultimately decided to redevelop the site into a state-of-the-art gaming and hospitality destination.