Company awarded southwest gaming zone to manage casino in Dodge City
fourth and final contract to manage a state owned and operated gaming facility
in Kansas was
awarded to Butler National Service Corp.
Lottery Gaming Facility Review Board named Butler National as developer
and manager of the southwest gaming zone located in Dodge City. Kansas
Entertainment LLC in the northeast, Harrah's in the south-central (Sumner County)
and Penn National Gaming in the southeast (Cherokee County)
were the other companies awarded 15-year contracts.
The new Boot Hill Casino and
Resort will be designed to enhance and re-create the world famous 1870-1880’s
experience at the historic Boot Hill destination in Dodge City. State estimates of casino revenue
in the Dodge City
destination market range from $40 to $60 million per year. Phase I of the
development will require an investment of approximately $45 million and will
open in September 2009.
Phase II of the development is
planned to be complete in 38 months from the final approval of the contract and
will cost an additional $42.5 million for a total of approximately $87.5
million. Projected of the development range from $9.4 million in the first full
year of operation to $21.7 million in year five.
Clark Stewart, president and CEO
of Butler National said, “We are extremely pleased with the decision of the
Kansas Lottery Gaming Facility Review Board. We have felt from day one we had
the best concept, best design and best business plan for tourism, gaming and
economic development for a destination casino in Western
Kansas. We believed our management proposal offered the strongest
tourist drawing destination facility in the best interest of all Kansans. The
Review Board agreed. The last step in this process is the background checks by the
Kansas Racing and Gaming Commission. Background checks and finalizing the
contract should be completed on or before December 5, 2008.
Butler National Wins Final Kansas Contract
October 1, 2008