Gaming changes in Kansas. First, there is this from Gaming Today-
After months of delays, Kansas Entertainment LLC, a
marriage of the casino expertise of Penn National Gaming Inc. (PENN)
and the NASCAR attraction of Kansas Speedway, has been approved to
build and operate a casino in Kansas City, Kansas. Kansas gaming
laws require that the property be owned by the Kansas Lottery. The
operators must then be approved under the Kansas Expanded Lottery Act
and be licensed by the Racing and Gaming Commission.
After a 2 1/2-month delay, Sumner County’s casino gained new momentum Tuesday.
The Kansas Lottery reached a verbal agreement with Chisholm Creek Casino Resort developers on a new contract to build the facility.
“We’re there, I think,” said Ed Van Petten, the lottery’s executive director, who two weeks ago had questioned whether a deal could be struck.
The new contract includes amendments to build a hotel at the same time as the casino and to provide financial safeguards for the developers in case a competing tribal casino is built in Park City, Van Petten said.
