Cordish Companies breaks ground on new $270m Louisiana casino
Live! Casino & Hotel Louisiana will be built in Bossier City, Louisiana. The project is being led by LRGC Gaming Investors, an affiliate of Cordish.
Cordish has wasted little time in starting work, with the project having only been approved in October. This came after Cordish in April revealed plans to redevelop the Diamond Jacks Casino & Hotel. The new venue is being built on the site of the old facility.
The venue will carry the Live! brand and feature over 47,000sq ft of gaming space. This will include over 1,000 slots and electronic table games and more than 40 live table games.
Cordish said the project will generate $35m in gaming tax revenue for the City of Bossier in the first five years of operation. It also expects the venue to contribute over $168m in tax revenue for the State of Louisiana during the same period.
Annually, Cordish said the facility will generate $34m in salaries, wages and tips, as well as create 750 new construction jobs and approximately 750 more in permanent gaming and hospitality.
Louisiana State senator Barrow Peacock, Bossier City mayor Thomas Chandler and Louisiana Gaming Control Board chairman Ronnie Johns were among those who attended the ground-breaking ceremony.
Cordish chair hails “transformative” development in Louisiana
Cordish chairman Jon Cordish also attended the ceremony. He said the new casino will be a “transformative” development for Bossier City and Louisiana.
“Today marks an incredibly special day for my family and The Cordish Companies as we continue to expand our Live! brand in the southeast region of the country with the development of Live! Casino & Hotel Louisiana,” Cordish said.
“With the first land-based casino in the market, Live! Casino will be a transformative development that will bring a first-class gaming and entertainment experience to millions of visitors, create significant new jobs and generate millions of dollars in economic benefits for the community for generations to come.”