Mojito Pointe construction may be delayed another 30 days - KPLC 7 News, Lake Charles, Louisiana

Mojito Pointe construction may be delayed another 30 days

The company planning to build a new casino in Lake Charles will ask the state gaming control board for a 30 day extension on the start of construction.

Creative Casinos has filed a three page request asking for the extension.  The request is scheduled to be considered at Thursday's meeting of the Louisiana Gaming Control Board.

In a three page petition filed Tuesday, attorneys for Creative Casinos said the group has secured financial commitments for the entire senior credit bank facility, but only has approximately 45 percent of the bonds that officials anticipate issuing. 

The brief states the company expects to secure the remaining bonds needed to complete the financing for the casino.

Creative Casinos of Louisiana, L.L.C. plans to build a resort style operation known as Mojito Pointe in South Lake Charles.  Construction was originally scheduled to begin no later than February 18, according to gaming control board officials.

In a brief filed by Creative Casinos, the new deadline would be March 16 if approved by board members.

Mojito Pointe is a large project that is expected to create 1,500 jobs over an 18 month period and 2,000 permanent jobs once it is open, according to the Port of Lake Charles.

Voters approved the license for the casino in special referendum election in April 2011.  Construction was originally supposed to begin late last year, but was delayed due to financing issues. 

Creative Casinos CEO Dan Lee told KPLC in January his company was seeking more funding to reach $400 million. 

"I don't want to start construction until I know I have the money to finish it," Lee said in January.

It's not clear if financing is a factor in the request for an extension.

Last year, Creative Casinos began a partnership with MGM resorts International to manage the planned operation in Lake Charles. 

If construction begins, Mojito Pointe is expected to be completed in 2013.

The Louisiana Gaming Control Board is scheduled to consider the extension request at its regular meeting Thursday in Baton Rouge.

Read full petition to La Gaming Control Board [CLICK HERE]

Copyright 2012 KPLC. All rights reserved.

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