New owners for DiamondJacks Casino and Hotel in Bossier City
Legends Gaming LLC, along with Louisiana Riverboat Gaming Partnership in its entirety, were purchased by the private equity firm, through PGP Investors LLC, and Legends Holdings LLC, its wholly owned subsidy. Regarding the acquisition, Peninsula Pacific’s M. Brent Stevens said that the company “is extremely enthusiastic to once again be involved in the Louisiana gaming, entertainment and hospitality industry,” as reported by local media.
In a news release, Stevens added, “The opportunity to acquire DiamondJacks was the result of the purchase of the debt of Legends at the end of 2015. We view this moment of now acquiring the equity and control of DiamondJacks as the natural next step to enable us to improve the operations and to assess the property and license with the fundamental goal of maximizing their long term potential for the benefit of our investors, the employees of DiamondJacks, our customers and the local and state government. In the short term, our goal and commitment is to improve the existing operations at the facility.”
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