Archive for Wednesday, August 26, 2009

Two applicants move forward to become Wyandotte County casino

August 26, 2009

The Kansas Lottery Commission voted unanimously Wednesday to approve management contracts with Kansas Entertainment and Penn National Gaming to operate a state-owned gaming facility in Wyandotte County.

The decision came before the Aug. 28 deadline that was set following a request for an extension. The commission’s original deadline was June 30, but last minute changes in the contracts required an extension.

Now that the contracts are approved, the two gaming corporations will move on to the next round in the selection process.

The applicants will go before the Lottery Gaming Facility Review Board, which will eventually choose the successful applicant.

A representative with the Kansas Lottery said the proposals should go before the review board at the beginning of September. If no extension is requested, the board will have 60 days to choose a successful applicant.

The first meeting for the review board has been set for the tentative date of Sept. 15. A final timeline of meetings for the review board is still being worked out, and officials say the first meeting date could still change.

Following the decision Wednesday, the two gaming companies will pay $25 million fee to the state within 30 days before the review board will consider the application. Neither applicant has paid the fee as of yet, but they have until Sept. 18 to make that payment.

The Kansas Entertainment application calls for a Hard Rock casino to be built overlooking Turn 2 at the Kansas Speedway in Kansas City, Kan. The first-phase of the proposal calls for $390 million worth of development that would include a 100,000-square-foot gambling area, a bar and dining area, as well as other entertainment options. The group’s proposal also includes the promise for Speedway officials to try to get a second NASCAR Sprint Cup race to the track.

The Penn National Gaming application calls for a Hollywood Casino to be built near the future Schlitterbahn Vacation Village. The $500 million Hollywood casino will include a 357,400-square-foot casino and include a 72,500-square-foot gaming floor with 2,000 slot machines and 58 table games, a 250-room hotel, meeting space and several food and beverage outlets.

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