Louisiana sheds first casino because of coronavirus impact: sees flooding of casino re-openings

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Louisiana sheds first casino because of coronavirus impact: sees flooding of casino re-openings


While about the specify of Louisiana gambling establishments are reopening on Monday, May 18, 2020, under stringent new standards and regulations established by the Louisiana Video pc gaming Control Board, DiamondJacks Casino Resort in Bossier City announced Friday that it would certainly be shutting its doors permanently "because of business circumstances triggered by the unexpected impact of the coronavirus."

The property that's owned and operated by Los Angeles-based holding company, Peninsula Pacific, opened up for business on May 20, 1994, and its shutting comes simply days in advance of what would certainly be its 26th wedding anniversary.

Inning accordance with ABC-affiliated tv terminal KTBS 3, all the casino's workers have been informed and are qualified to use for unemployment benefits. Their last paycheck will be issued on May 22 and will apparently consist of extra paid pause.

 

 

 

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Finance Vice Head of state for DiamondJacks, Diana Thornton, said in the Friday information release…

"In light of the unexpected, unforeseeable market problems that have resulted from the COVID-19 pandemic, the challenging choice is made to shut the casino. We have functioned diligently to be a valued participant of the Shreveport-Bossier City business community. We are distressed for the loss of a longtime business here in Louisiana."

Chairman of the Louisiana Video pc gaming Control Board, Ronnie Jones, apparently informed the information company that when the present health and wellness dilemma has passed the board will determine what affects the casino's shutting will carry video pc gaming in the specify, as well as the condition of Peninsula Pacific's license, which is among Louisiana‘s 15-max riverboat licenses.

Inning accordance with KTBS, Jones said that the board will need to "involve the possession in discussion as to what their plans are. … They will need to share that with the board.. The board would certainly be very worried about a residential or commercial property simply shutting its doors with not having actually a strategy to progress."

Along with contacting workers, suppliers and various other key stakeholders, Diamondbacks is functioning on a closure plan that consists of deciding what to do with the Bossier City property's physical possessions. And while the property will be maintained throughout the closure, there are apparently no plans for a change in possession or for additional financial investments to proceed running, with Thornton saying "proceeding to run isn't practical from a company perspective."

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