BATON ROUGE, La. (AP) — The Louisiana Gaming Control Board has approved a schedule under which Pinnacle Entertainment Inc.’s proposed Baton Rouge casino would open in late 2011.
The $250 million project has been delayed over the past year because of lockdowns in national credit markets. But Pinnacle officials told regulators Tuesday that the Las Vegas-based company recently sold $450 million in bonds at just under 9 percent from the company’s second riverboat casino complex in Lake Charles.
Pinnacle also recently amended and extended a major drawdown credit account that officials say will provide additional financing for the projects.
Baton Rouge has two other riverboat casinos.
 
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