Johns explained that Foundation’s casinos in its home state were distressed properties when the company acquired them.<\/p>\n
\n[Foundation] turned them into viable, very profitable operations, according to the Mississippi regulators who I’ve spoken with,”<\/strong> Johns added.<\/p>\n<\/blockquote>\nBringing DiamondJacks back into operation will require considerable investment. After announcing its permanent closure in 2020, P2E sold off much of the casino resort’s interior furnishings and commercial kitchen equipment.<\/p>\n
The riverboat has also been a favorite hangout for vandals. Local police documented more than 120 trips to the casino in 2020 — or roughly once every three days.<\/p>\n","protected":false},"excerpt":{"rendered":"
Churchill Downs Inc. announced yesterday that it will spend nearly $2.5 billion to acquire most of Peninsula Pacific Entertainment’s (P2E) assets. One exemption from the takeover is P2E’s shuttered DiamondJacks Casino in Bossier City, Louisiana. Headquartered in Los Angeles, P2E is a gaming operator with properties in Iowa, Virginia, New York, and Louisiana. The company’s […]<\/p>\n","protected":false},"author":25,"featured_media":202439,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,32093],"tags":[],"acf":[],"yoast_head":"\n
Churchill Downs Peninsula Pacific Purchase Adds Doubt to DiamondJacks<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n