December 2022

23 Dec

Posted at 15:36h in News

GULFPORT, Miss.--(BUSINESS WIRE)--Foundation Gaming & Entertainment, LLC announced today the completion of the acquisition of the Diamond Jacks Casino & Hotel in Bossier City, Louisiana after receiving the requisite approval from the Louisiana Gaming Control Board at its December meeting. The Company intends to redevelop the Diamond Jacks property, which has been closed since March of 2020, including constructing a land-based casino replacing the existing casino riverboat. “We are pleased to have completed this acquisition and look forward to finalizing the plans for this project,” said Greg Guida, Co-CEO of Foundation Gaming & Entertainment, LLC. “Now that we have completed the transaction,...

22 Dec

Posted at 15:39h in News

– Further Diversifies VICI’s Tenant Roster Through Long-Term Partnership with Foundation Gaming – – Regional Gaming Properties Acquired at Attractive 8.3% Capitalization Rate – – Acquisition to be Immediately Accretive for VICI – NEW YORK--(BUSINESS WIRE)-- VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or “VICI”), an experiential real estate investment trust, and Foundation Gaming & Entertainment, LLC (“Foundation Gaming”) announced jointly today that VICI has acquired the real estate assets of the Fitz Casino & Hotel (“Fitz”), located in Tunica, Mississippi, and the WaterView Casino & Hotel (“WaterView”), located in Vicksburg, Mississippi, from Foundation Gaming for an aggregate purchase price of $293.4 million....

16 Dec

Posted at 16:04h in News

Louisiana's Gaming Commission approved the sale of the abandoned Bossier City Diamond Jacks Casino to Foundation Gaming Thursday, setting the stage for a nearly $200 million renovation that the owners say will bring the property back to life. "This is a day we've been waiting for a long time," Gaming Commission Chairman Ronnie Johns said. "Foundation has an impressive plan." Foundation Gaming plans to open its new property, which will be the first land-based casino in the Shreveport-Bossier City market, by Dec. 2024 with demolition to begin early next year. "We've put together what we believe will be a great project for the...