Archive for Tuesday, September 15, 2009

Lottery gaming facility review board hears new casino proposal

September 15, 2009

KANSAS CITY, KAN. – The Kansas Lottery Commission, Kansas Entertainment LLC and the Unified Government of Wyandotte County presented a new casino proposal Tuesday to the Kansas Lottery Gaming Facility Review Board.

Earlier in September, Penn National Gaming bought out The Cordish Group under its subsidiary Penn Hollywood Kansas for a 50 percent share of Kansas Entertainment LLC. International Speedway Corporation has the other 50 percent of the company, which has now submitted one joint proposal for a casino to be built near the Kansas Speedway in Kansas City, Kan.

The proposed $386 million Hollywood casino would have 2,300 slot machines and 86 table games, said Steve Snyder, Penn National senior vice president for corporate development. Snyder said the casino was anticipated to have 4.3 million people visit annually and generate $225 million in gaming revenue during its first year of operation.

For more on this story, see Thursday’s issue of the Chieftain.


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