The Louisiana Senate Judiciary Committee narrowly approved a bill Monday that would allow a locally licensed company to transfer its existing Bossier City casino license to St. Tammany Parish, where it wants to develop a new casino.
The measure needs the approval of state legislators and the Louisiana Gaming Control Board, as well as parish voters.
Pacific Peninsula Entertainment, or P2E as the company is known, has revealed plans to relocate its casino license and develop a new game installation in Slidell, a city on the northeast shore of Lake Pontchartrain in the parish of St. Tammany.
The operator bought DiamondJacks Casino in Bossier City six years ago. He announced in May 2020 that the place would be closed permanently “in light of the sudden and unpredictable market conditions that resulted from the Covid-19 pandemic. ” The riverboat facility was the worst performing casino in the Shreveport / Bossier City market.
P2E has now focused its efforts on launching its $ 250 million Slidell casino project. According to Senator Sharon Hewitt, author of the bill that would allow the company to go ahead with the plan, the new gaming facility could support 1,900 permanent jobs and raise taxes on gambling income in more than $ 60 million.
Senator Hewitt told local media that the law is about “giving our local community the opportunity to vote.” Seven fellow legislators have co-authored the bill.
Lazy river and water attractions among the proposed amenities
While the Shreveport / Bossier City market has long been considered oversaturated, the bill’s authors believe that relocating the vacant P2E casino license to southeast Louisiana would help the state to Capture some of the players now traveling to the Mississippi Gulf Coast casinos.
P2E bought the Slidell piece of land where it wants to place its casino last February for just under $ 14 million. As mentioned above, the company plans to invest at least $ 250 million in the development of the place. In fact, company officials said earlier this week that they would increase their investment, although to what extent remains unknown.
While P2E has no concrete plans yet on what its property would offer, the company has told Slidell residents that it will feature different amenities and attractions in addition to its casino floor.
The developer has come up with different features for the boardwalk where their casino would be located, including family-oriented amenities like a lazy river and a waterslideas well as a resort pool that would be geared toward adult visitors to the property.
The P2E’s current site plan also calls for a 1,500-seat indoor entertainment area, as well as a outdoor amphitheater with space for 6,000 people, among other facilities.
Fountain: Louisiana Senate committee approves possible new casino in St. Tammany Parish, The Livingston Parish News, April 20, 2021