On May 27th, 2008, the Kansas Lottery Commission has passed ten pending casino gaming proposals, including the five proposals for Wyandotte County, for further review. One bidder that included MGM Mirage from Las Vegas dropped out of the bid for the casino at the south central zone area in Wichita after MGM lawyer Ed Van Petten commented that the talks with the Kansas Lottery Commission did not prosper because of highly-contested contract terms.
The Kansas Lottery Gaming Facility Review Board plans to hold a series of meetings this summer and is scheduled to pick one gaming operator to finance and operate a state-owned casino facility in each four gambling zone of the state. The operator of the Argosy Casino Hotel and Spa in Riverside, Penn National Gaming, is the lone casino applicant in southeast zone area. The selection method still depends on the decision from the Kansas Supreme Court approving the state’s casino law as lawful and abiding.
Other lawsuits are still being studied, including the lawsuit questioning the credibility and eligibility of three casino applicants in Wyandotte County. The contracts that were passed by the Kansas Lottery Commission included bids and consent from prospective casino bidders that they are willing to pay more than the state required of 22% for gaming taxes. The proposed tax rates that were submitted by the approved casino applicants in the state’s northeast are 1st, Kansas City.
The Kansas Entertainment LLC, whose fellow collaborators like the Kansas Speedway and the Cordish Company would pay the state 22% up to $350 million and adjustable scale of up 28% on yearly gaming profits in excess if $400 million. The PNK-Kansas LLC including the Pinnacle Entertainment Incorporated, which manages the Lumiere Place casino facility in St. Louis, would pay 22% up to $400 million, then twenty-four percent.
The Leg Sun LLC, including the Red Development LLC, who manages the Legends shopping center and the tribal owners of the Mohegan Sun casino facility in Connecticut, would pay 22% up to $475 million and sliding scale of 28% over $600 million. 2nd, Edwardsville. The Sands Kansas LLC by the Las Vegas Sands Corporation would pay 22% on all profits. The Golden Heartland by Golden Gaming from Las Vegas would pay 22% up to to $255 million and a sliding scale of twenty-eight percent more than $500 million.
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05.06
