Developer gets nod in Kansas, takes lead in bidding for AC Tropicana
It’s not one of the major casino companies--yet--but
In Kansas, Wyandotte County will get a Hard Rock Hotel and Casino and additional speedway races, possibly as soon as June 2009, the result of a close vote last month by the Kansas Lottery Gaming Facility Review Board to award the 15-year regional casino concession to Kansas Entertainment.
The winning group is a partnership of Kansas Speedway and the Cordish Company. They propose to build a $705 million, 300-room Hard Rock Hotel and Casino with 3,000 slot machines, a convention center and shopping outlets--all overlooking the Kansas Speedway racetrack.
The decision of the board was on a 4-3 vote, with Golden Gaming Inc., of
To help sweeten the deal, last month Kansas Speedway promised to seek a second NASCAR Sprint Cup race, and to build a second course. It also promised to hold a lucrative recreational vehicle rally annually.
Top for Trop
State-appointed conservator Gary S. Stein last month entered into negotiations with Baltimore-based Cordish Company. Former owner Tropicana Entertainment LLC, a subsidiary of Columbia Sussex Corp., lost its license after less than a year of operation when the New Jersey Casino Control Commission deemed it unfit to run a first-class operation.
The Cordish Company is one of the world’s largest real estate developers, with expertise in gaming, lodging, entertainment and retail. In