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Harrahs pulls out of casino project
Wichita Bisuiness Journal,
Monday, November 17, 2008 at 9:24:20 PM
Harrah's Gaming says it won't build its planned $500 million casino and resort near Mulvane, the Kansas Lottery said Monday.
In a news release, the lottery says a representative from the casino development company informed the agency of its decision this afternoon in a letter.
Jeffrey Ungerer, of Sumner Gaming Joint Venture, wrote: "We truly regret that we must withdraw our gaming application as a result of circumstances beyond our control that do not permit us to meet the proposed schedule for the project. In the event the financial climate improves, we may be interested in reapplying for a gaming license should the process in the South Central zone be reopened for bids."
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