The agreement marks the continuation of Cordish’s major expansion in the southern, central and southeastern regions of the United States
Live! Casino & Hotel will set a new development standard in Louisiana, serving as a regional destination for premier gaming, dining, entertainment and hotel amenities
BALTIMORE, April 5, 2023 /PRNewswire/ — The Cordish Companies today announced an agreement to acquire Diamond Jacks Casino & Hotel in Bossier City, Louisiana. Cordish intends to convert the property, which has been closed since March 2020, into a premier Live! Casino resort and entertainment destination, including the construction of a land-based casino to replace the existing casino riverboat. Today’s announcement continues Cordish’s expansion into markets in the South-Central and Southeast regions of the United States. The company currently has, in addition to its Texas Live! Development in North Texas’ Arlington Entertainment District, along with major new developments in Florida, Alabama, Georgia, North Carolina and Tennessee.
The Cordish Companies announced an agreement to acquire Diamond Jacks Casino & Hotel in Bossier City, LA. The company intends to develop the property into a premier live! Casino resort and entertainment destination (subject to LGCB approval). Cordish has developed the most successful casino entertainment resorts in the United States, including the Hard Rock Hotels & Casinos in Hollywood and Tampa, FL; and live! Casinos and hotels in Maryland, Pittsburgh and Philadelphia shown here.
“It is incredibly exciting for The Cordish Companies to make this announcement today and to work with Foundation Gaming & Entertainment on this new opportunity in Bossier City to bring our Live! brand to Louisiana for the first time,” said Joe Weinberg, Managing Partner of the Cordish Companies. “We are committed to creating a world-class resort that will bring world-class gaming, dining, entertainment and hospitality facilities to the region, create meaningful new jobs and generate millions of dollars in economic benefits for the community.”
“We are excited to announce our agreement with The Cordish Companies and believe that bringing their Live! brand to market will have a tremendous impact across the Northwest Louisiana region,” said Greg Guida, Co-CEO of Foundation Gaming & Entertainment GmbH. “We are confident that they will deliver a great product for the market and we look forward to working with them to make the project a success.”
For over a century, The Cordish Companies has created and managed an exceptional portfolio of upscale mixed-use, entertainment and casino resorts throughout the United States. It’s live! Brand, highly regarded as one of the nation’s leading entertainment brands, welcomes over 55 million visitors annually to its food, entertainment, casino, hotel and sports-anchored entertainment districts, many of which have revitalized communities and reshaped the social and economic Landscape of the main markets across the country. This transformational impact has earned the company an unprecedented seven Urban Land Institute Awards for Excellence for its urban revitalization efforts, more than any other developer in the world. For over two decades, Live! has dramatically transformed the entertainment experience, creating unique destinations that offer a curated year-round calendar of special events, world-class restaurants, world-class hospitality and the best of local, regional and national entertainment.
In the gaming space, The Cordish Companies has developed the most successful casino entertainment resorts in the US, including the Hard Rock Hotel & Casino Hollywood, FL; the Hard Rock Hotel & Casino Tampa, FL; Live! Casino & Hotel Maryland; Live! Casino & Hotel Philadelphia; and live! Casino Pittsburgh. The award-winning hotels have been recognized nationally for excellence in operations, food and beverage offerings and the Live! Rewards Loyalty Program, recognized annually as one of the top casino loyalty programs in the country by USA Today’s 10Best Readers’ Choice Travel Awards.
“Our Live! casino resorts and entertainment destinations across the country have set the gold standard for world-class operations and customer experiences,” said Rob Norton, President of Cordish Gaming Group. “The success of Texas Live! in the Dallas Fort Worth area gives us great confidence, our Live! to expand further in the South Central region. We look forward to working with Foundation Gaming & Entertainment to set a new standard of quality and excellence at Bossier City with the first land-based casino on the market.”
The Cordish Companies and its subsidiaries have a strong history of leadership in the areas of philanthropy, volunteerism and community service, partnering with local non-profit organizations in all markets in which they serve and becoming active members of the community. Cordish is committed to supporting the Bossier City community and its nonprofits through direct monetary and in-kind donations by acting as an organizer to support community organizations and nonprofits in their fundraising efforts and volunteerism, which is a core value of the company and its team members.
“The Cordish Companies is one of the premier developers and operators of premier mixed-use entertainment and casino resorts in the country,” said Thomas Chandler, Mayor of Bossier City, LA. “Not only will this project attract millions of visitors to our city each year, it will create significant new jobs and generate significant additional tax revenue for our community. We look forward to working closely with Cordish and Foundation Gaming & Entertainment to create a world-class destination after Bossier City.”
The proposed project is subject to approval by the Louisiana Gaming Control Board. Further details will be announced in the coming months.
About the Cordish Companies
The origins of The Cordish Companies date back to 1910 and span four generations of private and family ownership. Over the past decade, The Cordish Companies has grown into a global leader in Gaming & Entertainment; commercial real estate; entertainment district; sports-anchored developments; hotels; residential real estate; restaurants; co-working spaces; and private capital. One of the largest and most respected real estate developers in the world, The Cordish Companies has been recognized with an unprecedented seven Urban Land Institute Awards for Excellence for public-private developments that are uniquely relevant to the cities in which they are located. The Cordish Companies has developed and operates acclaimed dining, entertainment and hotel destinations across the United States, many of which are under the Live! Brand highly regarded as one of the leading entertainment brands in the country. With over 55 million visitors each year, these developments are among the country’s best-known dining, entertainment, gaming, hotel and sports destinations. In the gaming space, The Cordish Companies has grown into one of the most successful casino hotel resorts in the world, including the Hard Rock Hotels & Casinos in Hollywood and Tampa, FL, Live! Casino & Hotel Maryland, Live! Casino Pittsburgh and Live! Casino & Hotel Philadelphia. For generations, The Cordish Companies has remained true to the core family values of quality, entrepreneurship, long-term personal relationships and integrity. As a testament to the long-term vision of its family leadership, The Cordish Companies still owns and manages virtually every company it founded. For more information, visit www.cordish.com or follow us on Twitter (@cordishco).
“The Cordish Companies”, “The Cordish Company” and “Cordish” are trademarks used under license by independent companies, legal liability companies and partnerships (“Cordish Entities”). Each Cordish entity is a separate legal entity with a single purpose that is solely responsible for its obligations and liabilities. There is no joint operation or financial interdependence and no mingling of assets or liabilities of the Cordish entities or should be deemed to exist due to possible joint reference to several independent entities operating under the names “Cordish”, “The Cordish”. Companies” or “The Cordish Company” here or elsewhere.
Survive! Casinos & Hotels
Live! Casinos & Hotels is setting a new standard for superior customer experiences with highly acclaimed resorts, casinos and entertainment destinations throughout the Mid-Atlantic region. Live! offers a renowned blend of first class accommodations and amenities, award-winning restaurants, casino gaming action and headline entertainment, all in an exciting, spontaneous atmosphere that has become synonymous with the Live! brand nationwide. Live! offers a premium gaming experience, including a strategic partnership with FanDuel Group to bring all Live! Characteristics. With a commitment to impeccable customer service and treating guests like family, Live! Real estate attracts millions of visitors each year seeking unique gaming, dining and entertainment experiences, all in one place. The portfolio includes Live! Casino & Hotel Maryland – Located in the Washington, DC/Baltimore Corridor; Live! Casino & Hotel Philadelphia – Located in the heart of the South Philadelphia Stadium District; Live! Pittsburgh Casino – located in Westmoreland County, PA; and PlayLive.com – the Company’s branded Internet gaming business in the Commonwealth of Pennsylvania. Live! Casinos & Hotels are owned and operated by the Cordish Gaming Group, a division of world-renowned developers The Cordish Companies. Visit www.LiveCasinoHotel.com for more information.
SOURCE The Cordish Companies
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