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Foundation Gaming & Entertainment Announces The Completion Of Acquisition Of Diamond Jacks Casino & Hotel In Bossier City, Louisiana

Dec 23, 2022•over 2 years ago

Acquiring Company

Foundation Gaming & Entertainment

Acquired Company

Diamond Jacks Casino & Hotel

CasinoGamblingGaming

Description

Foundation Gaming & Entertainment, LLC announced today the completion of the acquisition of the Diamond Jacks Casino & Hotel in Bossier City, Louisiana after receiving the requisite approval from the Louisiana Gaming Control Board at its December meeting.

Company Information

Company

Foundation Gaming & Entertainment

About

Foundation Gaming & Entertainment, LLC is a casino entertainment company that owns, operates, and develops casino properties in regional U.S. markets. We own and operate WaterView Casino & Hotel in Vicksburg, Mississippi and Fitz Casino & Hotel in Tunica, Mississippi. Our team members have operated properties in almost every regional market in the United States, including Las Vegas and Atlantic City. http://www.foundationgaminggroup.com

M&A Insights

Based on deal data
Integration timeline
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Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
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