DiamondJacks Casino & Hotel has been purchased by a private, Los Angeles-based investment manager.

Peninsula Pacific has issued a news release saying it's acquired Legends Gaming, LLC, and all ownership shares of Louisiana Riverboat Gaming Partnership, d/b/a DiamondJacks Casino in Bossier City.

M. Brent Stevens with Peninsula Pacific says his company is "extremely enthusiastic to once again be involved in the Louisiana gaming, entertainment and hospitality industry."

"The opportunity to acquire DiamondJacks was the result of the purchase of the debt of Legends at the end of 2015. We view this moment of now acquiring the equity and control of DiamondJacks as the natural next step to enable us to improve the operations and to assess the property and license with the fundamental goal of maximizing their long-tem potential for the benefit of our investors, the employees of DiamondJacks, our customers and the local and state government," Stevens said. "In the short-term, our goal and commitment is to improve the existing operations at the facility. We look forward to delivering on that commitment. In the medium-term, we will identify the potential operational and physical improvements to the facility to create a better customer experience and evaluate further capital improvements."

There's no word on whether a name change will come with the new ownership, or whether any employees will lose their jobs. Casino spokeswoman Melissa Harris told KEEL News she'll share more information with us as soon as she finds out more.