Daily Archives: April 22, 2008

change the rules or I’m taking my ball with me

The Joplin Globe is reporting an activity that seems all too common in the gambling industry. They are pointing to Penn National Gaming as the latest in casino companies threatening to take their business elsewhere if the local government doesn’t change the rules in their favor. They explain:

The company seeking a contract to build a southeast Kansas casino wants the state to relax its rules. A law authorizing the casino last year requires a developer to invest at least $250 million in a hotel-and-casino complex. Wyomissing, Pa.-based Penn National Gaming Inc. wants to phase in its investment over an unspecified number of years.

Company President and Chief Operating Officer Timothy J. Wilmott told The Kansas City Star that Penn National wouldn’t rule out walking away from the project. The company is negotiating with the Kansas Lottery, which will own the new gambling. Lottery Executive Director Ed Van Petten said it’s not clear whether the state law allows the flexibility the company is seeking.

I would love to come back with an update that the Kansas Lottery let Penn National walk, but unfortunately that’s not how business is usually played when a casino is involved.

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