Buzz Luck

Tuesday, November 3, 2009

Kansas Casinos, Will they Happen?

A Kansas City proposal asks for a casino overlooking the Kansas Speedway, the NASCAR track already at the center of a tourist area of dining, entertainment and retail shopping. The $521 million project is being pushed by the speedway's parent firm, International Speedway Corp., and Penn National Gaming Inc., of Wyomissing, Pa. The two companies had been competitors though have now joined forces in this venture.

The Kansas Lottery Gaming Facility Review Board isn't sure whether or not they want to continue with the proposal because they are unsure of the economic gains and whether or not the economy plays a part in what would currently be expected for revenue should the plans be approved.

Another casino on the table is planned to be built south of Wichita, called the Chisholm Creek Casino.

Part of the issue is whether or not hotels need to be built as a priority seeing as the board believes the casinos must be tourist attractions to boost the economies. The Speedway group for the Kansas City casino planned on having the casino opened by 2012 and construction on the hotel to begin in 2014. The Chisholm Creek representatives claimed there is already a hotel in the area so there wouldn't be an urgent need for the casino to have it's own at opening.

If either plan is rejected, it means the board can expect to be inundated with new proposals.

0 comments:

Post a Comment