Some casino consultant says a new Kansas casino located at the Kansas Speedway will bring in almost a third of a billion dollars annually- according to this story from the KANSAS CITY (KS)KANSAN.
Also- according to the KANSAN piece- KC-MO has acquired 2 more Missouri casinos- Argosy and Harrah's- located in Riverside and NORTH KC-MO respectively.
KC-MO's TWO casinos remain as the Ameristar (not even listed in The KANSAN story) and the Isle of Capri.
First of all- we have historically found that 'consultant's estimates' of damn-near ANYTHING a consultant estimates is way- way 'pie-in-the-sky' too high.
Secondly- these 'estimates' apparently take into account the American economy recovers- which isn't going to happen anytime soon (2 years or more).
Thirdly- people- especially gamblers- are creatures of habit. Sure- Missouri gamblers will probably check-out a new Kansas casino- but whether those gamblers RETURN on a regular basis is another huge question.
Developers are notorious for pushing what they see as positive aspects of a development while the after-facts don't in any way shape or form resemble the original rosy outlook.
These days- the American taxpayer is increasingly on-the-hook when the rosy forecasts don't pan out.
Watch your wallets Wyandotte County!!!