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Penn National Gaming Passes Application to Kansas Lottery
On August 31st, 2007, the state of Kansas had its first applicant to manage a state-owned casino facility. It is expected that a lot more will follow suit. Penn National Gaming Incorporated from Pennsylvania which currently owns eighteen casinos like the Argosy Casino Hotel and Spa in Riverside deliver a lot of paperwork to the Kansas Lottery Commission.
Penn National Gaming Spokesman Eric Schippers commented that the state needed 20 copies of their application form and both Penn's application form and back-up documents are around 1,500 pages. Schippers said that a moving van organization delivered the paperwork to Topeka from Penn's headquarters in Wyomissing, Pennsylvania.
Penn National is proposing to build a $295 million casino facility and 250 room resort hotel in Cherokee County, which is near the Interstate 44 in the southeast corner of the state. Cherokee County will earn $3.6 million dollars annually from gaming taxes if the casino achieves its gambling projections.
County officials endorsed Penn National's plan. The officials of Penn National commented that the state could earn $39.6 million while Crawford County will earn $1.8 million.
In its casino presentation to the officials of Cherokee County on July, Penn National officials estimated that the casino's gambling profits can earn $179.8 million dollars based on an average of 6,000 gamblers. But Penn National will have some competitions in the area. A 16th gambling establishment and another casino was recently proposed by an Indian Tribe in Oklahoma.
But Schippers said that he is confident about Penn National's plan. He said that their proposal is very good regarding the location. It has a good access on the I-44 and it is close on the Oklahoma and Missouri borders.
The casino law in Kansas, which Gov. Kathleen Sebelius signed on April, requires casino developers in Wyandotte and Sumner counties and in Kansas to invest a minimum of $225 million in the casino project.
A casino developer in Ford County must at least spend $50 million. The state of Kansas would be the first state to host Las Vegas style casino resorts.
The constitutionality of the casino law was questioned by Kansas Attorney General Paul Morrison "in a friendly lawsuit" in the Kansas Supreme Court.
Wednesday, September 19 , 2007
Brian Letendre