Study faults Castle Rock Casino proposal for being too big | The Wichita Eagle
Located less than one mile north of I directly on US , the casino will be in the prime location for a casino in Southeast Kansas. Commented Sorry, there are no recent results for popular commented articles. Just curious how you all feel at losing the casino south of Galena, Kansas…. Is the Casino open now? The development group consists largely of Wichita businessmen, led by Brandon and Rodney Steven.
The plans include a 65,, square foot casino, a large health club, a steakhouse, a seat buffet, a sports bar, meeting spaces, a nightclub and a room, story hotel. The plans also include room for two additional room hotel towers. One member of the investment team, Rodney Steven II, spoke about the team and partnerships that are part of the project. Steven owns 18 Genesis Health Clubs throughout the state. WhiteSand Gaming was chosen to help the group as a gaming consultant.
Finally, the American Casino and Entertainment Company, which owns and manages four casinos in Las Vegas, including the Stratosphere, has been selected as the casino management group. Steven said that the Four State region has a population base of about two million people within 90 miles, and that the most profitable casino of the four gaming zones had been projected to be in the Southeast zone back in Unlike other announced bids in the Southeast zone, Steven said that Castle Rock would include roulette and craps, as well as no ante at the blackjack table.
Alexander owns Alexander Manufacturing, a third-generation family company that makes firewood racks. He also is president of SouthEast Kansas Inc. Jim Zaleski, vice president of the Southeast Kansas Tourism Region, said there is not a close relationship between the tourism organization and the business group that Alexander heads.
Each of the three proposals for a state-owned casino in Southeast Kansas included incentives for communities. Last week, Carrie Tedore, a spokeswoman for Kansas Crossing, said "the entire process was handled in a fair and legal manner.
The lawsuit, which is pending in Shawnee County District Court, also alleges that the decision of state regulators to award the contract to Kansas Crossing was "arbitary, capricious, and unreasonable. The Castle Rock lawsuit has been combined with a similar lawsuit filed by Cherokee County officials. Supporters of Castle Rock want the state to throw out the Kansas Crossing contract and restart the casino selection process.
Brandon Steven said in an interview afterward that his group has four studies that confirm their visitor and revenue estimates. They could have had one at any time and will have one when they go back before the board, he said. Greene said Kansas Crossing would barely generate enough cash flow to pay its debt but that its investors hold multiple positions within the financing structure and that would help support it. Because it will be built with cash, it has no debt payment to cover. Reach Dan Voorhis at or dvoorhis wichitaeagle.
Follow him on Twitter: Courtesy of Castle Rock Casino Resort. Business Consultant skeptical of Castle Rock Casino proposal.