Casino ultimatum from the Louisiana Gaming Control Board
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The gaming regulator for the southern American state of Louisiana has ordered Peninsula Pacific Entertainment to sell off its dormant land-based casino license within 60 days or risk having the certification unilaterally taken away. The Virginia- based firm received the license in 2016 at the same time as purchasing the jurisdiction's now-shuttered DiamondJacks Casino Hotel riverboat venue.
Peninsula Pacific Entertainment's plan to relocate to Louisiana was rejected by the local voters. Peninsula is not keen on re-opening its DiamondJacks Casino Hotel property, which was closed in March of 2020.
Louisiana Gaming Control Board wants to sell off the Bossier City casino license. It wants the company to re-open the facility by April 18. It will take millions of dollars to get the floating facility back up to code.
Peninsula Pacific Entertainment is in secret negotiations regarding its DiamondJacks Casino Hotel venue with Mississippi casino operator Foundation Gaming Group LLC. Foundation owns Fitz Tunica Casino and Hotel, WaterView Casino, and the Hotel Vicksburg.
DiamondJacks Casino Hotel is out of compliance with a lapsed certification and needs to have its air conditioning and plumbing infrastructure repaired before inspectors can be invited on board. Most of the venue's furnishings and equipment have been removed or sold. The largely empty structure has been the subject of 122 police call-outs over the course of a year.
The Louisiana Gaming Control Board has an obligation to secure the property. Johns hopes that a new owner will be able to get the shuttered venue back up and running within about two years.
