When the investors took control of the operation in 2013, they had decided they would have a hard time recovering much of the $300 million they were owed, if they choose to liquidate assets in Louisiana and Mississippi. If Peninsula Pacific invested in an expansion or major renovations, the gaming facility would be better able to draw customers. There is a chance the new ownership could bring positive change to the Diamondjacks Casino, which is seen by many as the weakest business among the casinos in the area. Peninsula did not disclose the sale price of Diamondjacks, which has been owned by its previous creditors since the casino emerged from bankruptcy in 2013.
Peninsula Pacific, a Los Angeles investment group, bought the Diamondjacks Casino in Bossier City, Louisiana this week. Diamondjacks Casino has had the least revenue of the 6 full casinos in the Bossier City-Shreveport area.
