Archive for Tuesday, December 1, 2009

Kansas Speedway triumphs in Wyandotte County casino decision

December 1, 2009

For the second time, the Kansas Speedway has been chosen as the site for a state-owned and operated casino in Wyandotte County.

The Kansas Gaming Facilities Review Board unanimously approved, 7-0, today a proposal for a $386 million Hollywood casino overlooking Turn 2 at the Kansas Speedway. The casino will be managed through a partnership between the Kansas Speedway and Penn National Gaming.

The casino proposal calls for 2,300 slot machines and 86 table games and is anticipated to have 4.3 million people visit annually and generate $225 million in gaming revenue during its first year of operation.

The decision came after months of meetings and presentations that included ups and downs.

Last year, the review board selected Kansas Entertainment LLC to manage a Hard Rock casino at the Kansas Speedway but Kansas Entertainment withdrew its application on Dec. 5, 2008.

Citing economic struggles, the group resubmitted a less-aggressive Hard Rock casino proposal when the Wyandotte County bid came open again in 2009, but again, it was not meant to be for the partnership of Kansas Entertainment and the Kansas Speedway.

In September, an announcement was made that Penn National Gaming, which had originally submitted its own bid for a Hollywood casino to be located near the new Schlitterbauhn Waterpark, bought out Kansas Entertainment forming a new partnership with the Kansas Speedway.

Check back with Thursday’s Chieftain for more information.

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