These days, Bossier City is home to four casinos: Horseshoe Casino & Hotel, Boomtwon Casino & Hotel, Margaritaville Resort Casino, and Diamondjacks. Because the Oklahoma tribal casinos were closer to Dallas, they drew a lot of the customers from the Bossier City-Shreveport area.

When tribal casinos were built about an hour north of Dallas in the state of Oklahoma - the Winstar Casino in Thackerville and Choctaw Casino in Durant - the Louisiana casinos had to deal with stout new competition. Many of the customers in the Northwest Louisiana casinos are from the DFW Metroplex, because the state of Texas bans all forms of land-based casino gambling.įor many years, riverboat casinos in Bossier City and nearby Shreveport generated nice revenues.

About Bossier Cityīossier City is roughly 2 and 1/2 hours from Dallas, Texas. Stevens did not say whether Peninsula Pacific would rebrand the casino, or whether payroll would be cut. Diamondjacks is the operation which collects the lowest revenues among the six full-fledged casinos in the Shreveport-Bossier City area. Stevens said that Peninsinula bought the Diamondjacks’ debt late in 2015, but is taking over full operations now.īrent Stevens said the new ownership group wants to renovate the property and improve operations. Brent Stevens, who is a veteran casino operator, to manage the property in Bossier City. Currently, the new ownership is adding a 700-seat events center to the WaterView Casino complex. Foundaton renamed the gaming venue the WaterView Casino and Hotel. In 2015, the Vicksburg Diamondjacks was bought by Foundation Gaming. Thus, the investors have operated the casino in Northwest Louisiana, while occasionally selling off other Diamondjacks assets. When the investors took control of the operation in 2013, they had decided they would have a hard time recovering much of the $300 million they were owed, if they choose to liquidate assets in Louisiana and Mississippi. If Peninsula Pacific invested in an expansion or major renovations, the gaming facility would be better able to draw customers.

There is a chance the new ownership could bring positive change to the Diamondjacks Casino, which is seen by many as the weakest business among the casinos in the area. Peninsula did not disclose the sale price of Diamondjacks, which has been owned by its previous creditors since the casino emerged from bankruptcy in 2013. Peninsula Pacific, a Los Angeles investment group, bought the Diamondjacks Casino in Bossier City, Louisiana this week. Diamondjacks Casino has had the least revenue of the 6 full casinos in the Bossier City-Shreveport area.

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