Hard Rock Hotel and Casino expected to attract 8 million tourists annually

Kansas casino projects hit hard by economy

(US).- Developers of a us$ 705 million hotel, casino and entertainment complex have pulled out of a deal with the state of Kansas, blaming a rocky economy for the need to revise the project.
2008-12-14
Reading time 43 seg

The joint venture of an International Speedway Corp unit and Cordish Co cited "an unprecedented crisis and disruption in the global financial and economic markets" in pulling out. The group asked the state to refund us$ 25 million in fees paid after the developers won the right to develop and operate the state-owned casino and entertainment complex in Wyandotte County, Kansas, last summer.

The 139,354 sqm Hard Rock Hotel and Casino was to have included a 300-room luxury hotel, a casino with 3,000 slot machines and 140 gaming tables, and a 25,548 sqm retail, dining and entertainment facility. It was expected to attract 8 million tourists annually to Kansas.

The group said it intended to reapply for a state license and was prepared to move forward with the us$ 400 million casino. Timing for the rest of the project is questionable because of economic concerns, said International Speedway spokesman Wes Harris.

Last month, a similar casino development planned elsewhere in Kansas was withdrawn by Penn National Gaming, a partnership that included Harrah’s Entertainment Inc. Penn similarly cited the disruption in world financial markets.

Leave your comment
Subscribe to our newsletter
Enter your email to receive the latest news
By entering your email address, you agree to Yogonet's Condiciones de uso and Privacy Policies. You understand Yogonet may use your address to send updates and marketing emails. Use the Unsubscribe link in those emails to opt out at any time.
Unsubscribe
EVENTS CALENDAR