Casino Gambling in Kansas Could Be Big Money For Eventual Operators

Kansas has been accepting applications for their four casino licenses. Some big casino players have entered into the ring for a shot at the licenses. The motivation is simple for these developers, the money potential is too good to turn down.

New laws have allowed for the addition of four new casinos in Kansas. Cherokee, Wyandotte, Ford, and Sumner counties are all future locations of what is expected to be a big casino business.

The state will own the casinos, which, in itself is somewhat different from other states that have recently passed laws allowing casino gambling. Developers will come in and build and run the casinos.

The opportunity for profit is great in the area. The law as it is written states that no casino would be allowed to be built until 2032. That means that there will be no competing with the new casinos for at least twenty four years.

The other advantage that developers will have in Kansas as opposed to other states is the percentage that the state is taking of the revenue. The rate will be twenty two percent, a low figure when it is considered that in some other states the percentage is above thirty.

Hurdles still need to be cleared before any casino gambling takes place. As is the case in most states when these laws are passed, there is legal opposition to the casinos. The ultimate decision will come down from the Kansas Supreme Court.

January 6, 2008
Posted By Terry Goodwin
Staff Editor, CasinoGamblingWeb.com
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