KS Board picks Harrah’s for Sumner County casino
August 22, 2008
TOPEKA – The Lottery Gaming Facility Review Board selected Harrah's
Entertainment Inc. to build and manage a state-owned casino in Sumner County.
Harrah’s won a 15-year contract with a 4-3 vote. Harrah’s competitors for the
contract were Marvel Gaming, who lost with two favorable votes, and Penn
National Gaming, who got only one vote.
Harrah's proposed a $535 million resort in Mulvane, a small town 15 miles south
of Wichita and 150 miles north of Oklahoma City. Board Chairman Matt All said
there were two key considerations in selecting Harrah’s. They forecasted higher
revenues and proposed a better casino with a 175-room hotel and five
restaurants. Its location at Mulvane will be closer to the Wichita area.
Harrah’s estimated its first-year revenue at $206 million, however, consultants
estimate $186.5 million. Harrah’s will pay the state 22% of its first $300
million of revenue. After that the rate will climb to a maximum of 30% at $500
million and above.
Harrah's estimates it will take two years to complete construction of the casino
Return to Kansas Casinos.