Posted: Jan 4, 2012 9:57 AM by Cecilia Stevenson
LAKE CHARLES, La. (AP) - Creative Casinos managing partner Dan Lee expects $400 million in financing for Mojito Pointe Casino Resort to be completed this month, with construction to begin by Feb. 18.
Lee told the American Press that banks and investors have committed to provide funding for the construction project but that commitments for the full amount haven't been made.
Mojito Pointe is supposed to be built on 242 acres of land near Pinnacle Entertainment's L'Auberge Casino Resort in Lake Charles.
Creative Casinos was awarded the state's 15th riverboat license last year.
Lee said the February construction date was accepted as the target date after the state Gaming Control Board awarded the license to his company.