Friday, December 14, 2007

Mohegan's Kansas Casino Proposal to Compete Against Three Others in Lengthy Final Round

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Officials from Wyandotte County-Kansas City forwarded the Mohegan Tribe's $770 million casino proposal and two others to the state lottery commission yesterday, signalling to the commission that any one of the proposed casinos would be acceptable to them.

In addition to the Mohegan proposal, county officials forwarded proposals from Pinnacle and from a partnership between Kansas Speedway and the Cordish Company. All three are proposing casinos within a mile of the Village West entertainment district and will also be competing with Golden Gaming's $600 million casino, the only proposal forwarded by local officials in Edwardsville.

Only one of the four will be selected by the Kansas Lottery Commission in May.

The Mohegans, partnering with principals from Kansas City-based RED Development and Las Vegas-based Olympia Gaming, proposed a $770 million casino, while Pinnacle priced its casino at $650 million and the partnership between Kansas Speedway and the Cordish Company would build a $670 million Hard Rock casino.