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Lakes Entertainment, Inc. (NASDAQ:LACO) announced it is joining the Chisholm Creek Casino Resort, LLC application currently pending before the Kansas Lottery to develop and operate a casino project in the South Central Zone of the State of Kansas.
As a result of this new venture Lakes will withdraw its original application for a gaming site in the State of Kansas submitted in April of this year. Phase one of the proposed casino is planned to feature 1,300 to 1,500 slot machines, 30 table games and other amenities, which may include a number of restaurants and a hotel to be developed by a third party hotel developer. Additional phases of the development could include expanded gaming positions, an entertainment center, and other market driven amenities.
'We are excited to join with the partners in the Chisholm bid to have a fully equity financed program to develop a first class gaming facility in Sumner County. We believe our backgrounds and depth of experience will be invaluable in developing and operating the proposed casino," stated Lyle Berman, Lakes' Chief Executive Officer.
