September 19, 2008 / 6:16 PM / 10 years ago

Kansas awards casino to Cordish/Speedway venture

KANSAS CITY, Sept 19 (Reuters) - Kansas awarded a casino management contract on Friday to a joint venture of an International Speedway Corp (ISCA.O) unit and Cordish Co, which plans a hotel, casino and entertainment development projected to generate more than $200 million in annual revenues.

The Kansas Lottery Gaming Facility Review Board awarded the casino management contract to Kansas Entertainment LLC, which plans to open the Hard Rock Hotel and Casino at Kansas Speedway in Wyandotte County in 2011.

Kansas Speedway, a wholly owned subsidiary of International Speedway Corporation, is a 50-50 partner with real estate developer Cordish.

The 1.5 million square-foot Hard Rock Hotel and Casino will include a 300-room luxury hotel, a casino with 3,000 slot machines and 140 gaming tables, and a 275,000-square-foot retail, dining and entertainment facility.

The project is expected to attract 8 million tourists annually to Kansas.

In afternoon trading, International Speedway shares were up 2.1 percent to $41.62. (Reporting by Carey Gillam, editing by Gerald E. McCormick)

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