“Peninsula bought the property to go to St. Tammany Parish, but voters there overwhelmingly rejected allowing casinos. The company sought to transfer its casino license to the New Orleans suburb of St. The dilapidated campus has been vacant ever since. The existing riverboat will be sold and either floated away on the Red River or taken away in pieces by land.ĭiamond Jacks has been closed since 2020, a casualty of what previous owner Peninsula Pacific called the “unexpected impact” of the COVID-19 pandemic. The company currently operates the Fitz Casino in Mississippi’s Tunica County and WaterView Casino in Vicksburg.ĭemolition will begin early next year, to be followed by construction on a 47,000-square-foot casino, a sports betting lounge and 300-seat live entertainment venue, as well as renovation of the 405-room hotel. Local officials are supportive of the Foundation Gaming plan, hoping it will bring jobs and tax dollars.

The property was the first casino to open in northwest Louisiana in 1994, initially doing business as the Isle of Capri. “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 company will choose a new name for the property. Foundation says it plans to build the first land-based casino in northwest Louisiana - all the others are on barges - with an aim to reopen by December 2024.