WICHITA — The Kansas Lottery Commission has approved a contract with Foxwoods Development and Lakes Entertainment to build a casino resort at the Mulvane exit of the Kansas Turnpike.
Commissioners approved the contract unanimously after hearing from Gary Armentrout, Foxwoods president. Armentrout told them the project would be funded entirely with cash and could be up and running 20 months after the state completes background checks.
The contract will be sent next week to the state's seven-member casino review board, which will meet with consultants and conduct a series of hearings before deciding whether to approve it.
If the board approves the contract, the Kansas Racing and Gaming Commission will conduct the background checks before it is finalized.
The Chisholm Creek Casino Resort would be located southwest of the Mulvane turnpike interchange between the turnpike and Highway 81 about a half-mile south of K-53.
Keith Kocher, the lottery's gaming facilities director, said the 15-year contract calls for an investment of $153 million in a 20-month first phase of development, with the remainder of the $225 million minimum investment required by state law to be spent over the next 10 to 12 years.
Armentrout has said the first phase would feature 1,300 to 1,500 slot machines, 30 table games, a deli, buffet, steak house; and a police, fire and ambulance facility.
Components of the second phase would depend on the market, he has said.
Lakes and Foxwoods are searching for a third party to build a hotel of at least 150 rooms on the site, which developers hope to open about the same time as the casino.