LAKE CHARLES [AP] — Dan Lee, chairman of Pinnacle Entertainment, said he’s confident his company can start work on the hotel and riverboat for the $407 million Sugarcane Bay casino-resort as early as August or September.
Lee told the American Press that the credit markets are looking much better and that the company can now secure the needed funding for project.
The state Gaming Control Board in April granted Pinnacle a 150-day extension on its Sugarcane Bay and Baton Rouge projects. The extensions are good until October.
Pinnacle in March announced it was expanding the Sugarcane Bay project by $57 million to include a 3,000-seat entertainment arena and three boathouse suites. The arena will reportedly be built at the same time as the 400-room hotel complex and riverboat casino.
