Gaming Control Board approves extension for Mojito Pointe - KPLC 7 News, Lake Charles, Louisiana

Louisiana Gaming Control Board approves extension for Mojito Pointe

LAKE CHARLES, LA (KPLC) -

Two major developments took place today at the Louisiana Gaming Board meeting in Baton Rouge, one with L'Auberge and the other with Mojito Pointe.

The original deadline for Creative Casinos to begin construction on the much awaited Mojito Pointe was February 18, just two days from now.

But according to Creative Casinos CEO Dan Lee, that deadline could not be met, so this morning at the gaming meeting, he requested a 30 day extension from the board.

"The reason for that request is that while we have the great bulk of the financing commitments in place, there's still a small piece that needs to be obtained," said Kelly Duncan with Creative Casinos.

Creative Casinos officials added that paperwork must also be completed before construction can begin, and with the finances of this project, they say it's extensive.

"This is a big project," said Lee. "It's 400 million. With the interest during the construction period and financing fees, it ends up being about 525, so it's a half a billion dollar project, pretty ambitious."

Laughter escaped Lee when the board asked what the best case scenario for Mojito Pointe would be.

"We'll be under construction, and I won't have to be here next month," said Lee. "And I think that's pretty likely at this point."

One of the project's largest investors, MGM, increased their commitment from $30 million to $55 million. Lee and his partners also increased their commitment from $10 million to $15 million in order to get the construction started.

"Everybody kind of pulled together to pull this together and we're this close," said Lee.

The board approved the extension request without opposition.

Construction of Mojito Pointe must now start on or before March 16. The construction of Mojito Pointe must be completed within two years of it starting.

L'Auberge was also represented at Thursday morning's meeting.

Officials were requesting a 5-year extension on their current gaming license.

The extension was approved, and the board mentioned they were very pleased with the how L'Auberge was doing business in the Lake Charles area.  

Copyright 2012 KPLC. All rights reserved.

  • More Local NewsNewsMore>>

  • FIRST ALERT FORECAST: Heat Advisory for today and Sunday

    FIRST ALERT FORECAST: Heat Advisory for today and Sunday

    Saturday, July 21 2018 4:37 PM EDT2018-07-21 20:37:09 GMT
    Feels-like temperatures for this afternoon (Source: KPLC)Feels-like temperatures for this afternoon (Source: KPLC)
    Feels-like temperatures for this afternoon (Source: KPLC)Feels-like temperatures for this afternoon (Source: KPLC)

    A heat advisory has been issued for our area through the day today. This advisory began at noon and lasts until 8 pm tonight. This advisory is due to forecast highs in the mid-90s combined with dewpoints in the 70s. These two-combined causes the heat index to soar between 108 and 112. Through this evening expect continued hot and mostly sunny conditions. 

    More >>

    A heat advisory has been issued for our area through the day today. This advisory began at noon and lasts until 8 pm tonight. This advisory is due to forecast highs in the mid-90s combined with dewpoints in the 70s. These two-combined causes the heat index to soar between 108 and 112. Through this evening expect continued hot and mostly sunny conditions. 

    More >>
  • Singer man pleads guilty to robbing DeQuincy bank

    Singer man pleads guilty to robbing DeQuincy bank

    Saturday, July 21 2018 2:01 PM EDT2018-07-21 18:01:12 GMT
    Gordon Cooper (Source: DeQuincy Police Department)Gordon Cooper (Source: DeQuincy Police Department)

    A Singer man pled guilty on Wednesday to robbing a DeQuincy bank of almost $16,000 in December, according to U.S Attorney David C. Joseph's office. Gordon Scott Cooper, 56, Singer, pleaded guilty before U.S. Magistrate Judge Kathleen Kay to one count of bank robbery. The guilty plea states that Cooper entered a bank with an air-powered BB gun that looked like an automatic pistol and stole $15,999 from two teller drawers. Police later learned that a maroon Honda Pilot had been s...

    More >>

    A Singer man pled guilty on Wednesday to robbing a DeQuincy bank of almost $16,000 in December, according to U.S Attorney David C. Joseph's office. Gordon Scott Cooper, 56, Singer, pleaded guilty before U.S. Magistrate Judge Kathleen Kay to one count of bank robbery. The guilty plea states that Cooper entered a bank with an air-powered BB gun that looked like an automatic pistol and stole $15,999 from two teller drawers. Police later learned that a maroon Honda Pilot had been s...

    More >>
  • Candidates qualified for Iowa, Westlake, DeQuincy mayoral races

    Candidates qualified for Iowa, Westlake, DeQuincy mayoral races

    Saturday, July 21 2018 9:27 AM EDT2018-07-21 13:27:24 GMT
    (Source: KPLC)(Source: KPLC)

    A list of qualifying candidates for the Nov. 6 is now available. For a full list of who has qualified in each parish, click HERE. Mayoral Races: Westlake Robert "Bob" Hardey (REP) Iowa Paul Hesse (NOPTY) DeQuincy James B. Harris (NOPTY) Heather Royer (REP) Riley Smith (REP) Kinder Wayland Lafargue (DEM) Oberlin Joseph "Moochie" Manuel (DEM) Marilyn G. Robinson (DEM) Elton Cathy Hollingsworth (DEM) Roger ...

    More >>

    A list of qualifying candidates for the Nov. 6 is now available. For a full list of who has qualified in each parish, click HERE. Mayoral Races: Westlake Robert "Bob" Hardey (REP) Iowa Paul Hesse (NOPTY) DeQuincy James B. Harris (NOPTY) Heather Royer (REP) Riley Smith (REP) Kinder Wayland Lafargue (DEM) Oberlin Joseph "Moochie" Manuel (DEM) Marilyn G. Robinson (DEM) Elton Cathy Hollingsworth (DEM) Roger ...

    More >>
Powered by Frankly