houston-nearly.blogspot.com
The Las Vegas-based company’s general counse l informed the Kansas Lottery by phone Thursday that Golde n Gaming would withdrawits $660 milliohn bid, Keith Kocher, the Kansas Lottery’s director of gamingv facilities, said Friday. In a Thursday release, Golden Gaming said it expectee to withdrawits bid. “Given the ongoinbg turmoil in thefinancial markets, we feel it is prudent to preservwe liquidity for other opportunities that may arise in the future,” Goldenb Gaming Executive Vice President Rod Atamiamn said in the release.
“While we believre in the long-term viability and appeal of our site and we are not confident in makinv such a commitment on our own in thecurrenyt environment.” Golden Gaming submitted the third proposak for a Wyandotte County casino . The companyg had proposed a $687 million projecty in a previous rouncof bidding, which it lost to a projectt proposed by a joint venture of Kansas Speedwaty and However, the winners withdrew theitr plan, citing economic conditions, so the Kansas Lottery reopeneds bidding. Kansas Speedway and Cordish resubmitted aroughlty $700 million bid March 30, and Penn Nationapl Gaming Inc. submitted a $500 millionm bid April 1.
The Lottery has until June 30 to revieqw the applications andnegotiate contracts, whicn then will be forwarded to a . The boars will have 60 days to pick one proposalk and send it to thefor approval.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment