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Miss Gulfport–(Business Wire)–Foundation Gaming & Entertainment, LLC announced today that it has completed the acquisition of the Diamond Jacks Casino & Hotel in Bossier City, Louisiana, after obtaining the necessary approvals from the Louisiana Gaming Control Board’s December meeting.
The company intends to redevelop the Diamond Jacks property, which has been closed since March 2020, including building a land-based casino to replace the existing casino riverboat.
“We are delighted to close this acquisition and look forward to finalizing plans for the project,” said Greg Guida, co-CEO of Foundation Gaming & Entertainment, LLC. “Now that we have closed the deal, we will focus on the design and development process, which includes Including rebranding of the property. Foundation Gaming looks forward to being a part of this exciting new opportunity in Bossier City. ”
Donn Mitchell, Chief Financial Officer of Foundation Gaming & Entertainment, LLC added, “This acquisition leverages our strengths in reviving existing assets in mature regional markets and adds diversity to our geographic footprint. Once we complete construction and renovations, The property will be a welcome addition to our existing portfolio.”
About Foundation Gaming & Entertainment, LLC
Foundation Gaming & Entertainment, LLC is a casino entertainment company that owns, operates and develops casino properties in regional markets in the United States. We own and operate the WaterView Casino & Hotel in Vicksburg, Mississippi and the Fitz Casino & Hotel in Tunica, Mississippi. Our team members have operated properties in nearly every regional market in the United States, including Las Vegas and Atlantic City.
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