This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Kansas To Revise Plans For Wichita Area Casino

Those casinos all operate under federal law. A 2007 state law gives the Kansas Lottery authority to hire private developers to build and operate state-owned casinos.

But after two years of discussions among state officials and potential developers, Chisholm Creek is the only remaining bidder for a single Wichita-area contract. The state casino would be in Sumner County because Sedgwick County voters rejected the idea.

Chisholm Creek had planned to open its casino in September 2011, with at least 1,300 slot machines and 30 tables for games such as poker and blackjack. Nicholas Hecker, a Chisholm Creek representative, said it may now try to open sooner with a larger gambling floor.

But Chisholm Creek and Kansas Lottery officials must agree on changes to the proposal, which the review board still must approve.

Spangler said the Wyandottes don't know how soon they could build a casino. They've been waiting for federal approval since 1996, and last year, Kansas Attorney General Steve Six's office sent a letter asking the federal agency to reject the tribe's application.

Six's office noted that the tribe's headquarters is 270 miles southeast of Park City, while federal law prefers casinos on or near reservation land.

Interior Department approval would allow the same limited gambling available at the Wyandotte casino in Kansas City. The tribe would have to negotiate a compact with the state for full, Las Vegas-style gambling.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
CVG $22.45 -0.62%
LACO $8.50 0.59%
AAPL $128.68 -0.32%
FB $78.75 -1.30%
GOOG $568.38 -0.52%


DOW 18,213.49 -75.14 -0.41%
S&P 500 2,106.88 -10.51 -0.50%
NASDAQ 4,981.9540 -26.1420 -0.52%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs