Thursday, September 11, 2008

Penn National Tells Kansas 'Thanks, But No Thanks' After It Is Awarded Casino

Feather News

The State of Kansas approved a contract last month with Penn National Gaming for a casino in Cherokee County but today, Penn National said it was no longer interested.

Penn National cited the large investment ($225 million) and noted that under the gaming law, at least 22 percent of casino revenues must be paid to the state and 5 percent more would be paid to local governments and fund programs designed to combat gambling addictions.

Kansas Governor Kathleen Sebelius reportedly asked the state's lottery board to re-open the application process for that region, one of four regions in the state that plan to have a casino.

Kansas will select a developer/manager in mid-September for the Wyandotte County-Kansas City region, where the Mohegan Tribe and its partners seek to build a $770 million casino complex.