Casino developers discussing $250 million Louisiana undertaking

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Discussions are underneath way to establish a $250 million on line casino and resort in south Louisiana.

Sun Herald file

The holder of the license for a northeast Louisiana casino is in discussions about a transfer to southeast Louisiana, where by it hopes to acquire a $250 million on line casino and resort in south Louisiana.

The Moments-Picayune/The New Orleans Advocate stories that Los Angeles-centered Peninsula Pacific Leisure — also acknowledged as P2E — states it has commenced conversations about the challenge with officers in St. Tammany Parish.

The undertaking faces many authorized hurdles. For instance, St. Tammany voters would have to undo a 1996 referendum in which they turned down casinos and video clip poker. The Legislature would have to vote to put these kinds of a measure on the ballot. State Gaming Management Board authorization also would be required.

P2E holds the license for the DiamondJacks riverboat on line casino in Bossier City and would like to transfer it to a a lot more worthwhile place, the newspaper described.

The task would be on a waterfront site close to Slidell. The proposal includes a 250-space hotel and would deal with about 50 acres.

P2E main govt Brent Stevens said Monday that among the the site’s advantages are the proximity to Lake Pontchartrain, a marina and Interstate 10.

Additional than a ten years back, former Parish President Kevin Davis faced robust opposition when he floated the notion of a gaming sophisticated in the Slidell space.

But existing Parish President Mike Cooper claimed he thinks general public sentiment has changed.

DiamondJacks in Bossier has been closed due to the fact previous year. It truly is license is for a single of 15 state riverboat casinos. A 2018 alter in condition law makes it possible for gambling operations on land as an alternative of limiting them to h2o.