Kansas reviews

Apr 15, 2008 7:00 PM

by Ray Poirier | For the dozen or so gaming companies that are seeking a casino licenses in Kansas, the wait will only last until August or September, the Kansas Lottery Gaming Facility Review Board announced last week.

The plan is to announce the Sumner County which has four applicants and Cherokee County, where Penn National Gaming Inc. (PENN) is the sole bidder so far, on Aug. 21-22. The Ford and Wyandotte Counties, with five and two applicants, respectively, will be announced on Sept. 18-19.

Although Penn National has filed for the Cherokee license, it also has indicated it wants to phase in the development, thus reducing the $235 million total price to as little as $50 million.

The company said it has not ruled out walking away from the project if more modest arrangements can’t be made.